Loan Against Securities
Loan Against Securities offers you instant liquidity.
You don’t have to sell your securities. All you have to do is pledge your securities in favour of ICICI Bank. We will then grant you an overdraft facility up to a value determined on the basis of the securities pledged by you. A current account will be opened and you can withdraw money as and when you require. Interest will be charged only on the amount withdrawn and for the time span utilised.
This facility is available against the following securities
- Demat Shares
- Mutual Funds Units
- Fixed Maturity Plans (FMP)
- Exchange Traded Funds (ETF)
- Insurance Policies
- Savings Bonds
- NSC/KVP (Demat form)
*Applicable Service Tax shall be levied in accordance with the Finance (No.2) Act 2004.