The applicant should be between 18 and 75 years of age and should have a valid e-mail ID and mobile number.

• Demat Shares

Only Individuals can apply.

[Hindu Undivided Families (HUFs), Companies, Partnerships and Sole Proprietors are specifically excluded.]

Loans are granted only against the list of approved scrips as determined by ICICI Bank.

• Mutual Fund Units

For Equity-oriented funds – Only Individuals can apply. (Hindu Undivided Families, Companies, Partnerships and Sole Proprietors are specifically excluded.)

For Debt Funds/ FMP/ ETF – Individuals, Hindu Undivided Families, Companies, Partnerships and Sole Proprietors can apply.

Loans are granted only against the list of approved Mutual Funds/ schemes as determined by ICICI Bank.

• Fixed Maturity Plans (FMP)

Individuals, Hindu Undivided Families, Companies, Partnerships and Sole Proprietors can apply.

• Exchange Traded Funds (ETF)

Individuals, Hindu Undivided Families, Companies, Associations, Partnerships, Sole Proprietors and Trusts & Societies can apply.

• Life Insurance Policies

Individuals, Companies, Partnerships, Sole Proprietors, Hindu Undivided Families can apply.

Loans are granted only against the list of approved insurance policies as determined by ICICI Bank.

• GOI Bonds

Individuals, Hindu Undivided Families and Trusts can apply.

Shares

You are given a drawing power up to 50% of the value of the shares.

Scrips are revalued every week (on Friday) or more frequently if required, since the market price of scrips keeps fluctuating and the drawing power is revised accordingly. If the new drawing power is less than the outstanding in the Current Account, you would be required to add the difference amount or pledge more shares to regularise the account. On the other hand, if the drawing power rises, the limit available to you also automatically increases.

• The minimum loan amount is Rs 50,000.
• The maximum loan amount is Rs 20 lakh.
• The loan is applicable for a year and renewable at the end of each year.

Mutual Funds

• 50% lending on the NAV.
• The minimum loan amount is Rs 50,000.
• The maximum loan amount is Rs 20 lakh.

Exchange Traded Funds (ETF)

• The minimum loan amount is Rs 1 lakh.
• No upper limit for the maximum amount.

Fixed Maturity Plans (FMP)

• The minimum loan amount is Rs 1 lakh.
• No upper limit for the maximum amount.

Life Insurance Policies

• The minimum loan amount is Rs 50,000.
• The maximum loan amount is Rs 5 crore.

Bonds

• The minimum loan amount is Rs 50,000.
• The maximum loan amount is Rs 5 crore.

The following documents are required for Loan Against Securities:

• Identity Proof
• Address Proof
• Signature Proof

If you represent Companies/ Proprietorships/ Partnership firms, you will need to submit IT returns, an audited Balance Sheet and Profit & Loss Account of the previous two years.