Type Of Securities

Now protect your investments from unplanned expenses. Avail loan against mutual funds or shares and get an overdraft facility at a 9% p.a interest rate. Select from a large list of approved securities. Lien mark mutual funds across different AMCs registered with both CAMS & KFintech and pledge shares held in demat with NSDL.

Loan Against Mutual Funds

Get Loan Against Mutual Funds within minutes. Enjoy the benefit of instant availability of funds and continue to retain ownership of your mutual fund investments to achieve your long-term investment goals.

Instant Disbursal
100% DigitalProcess
Attractive Interest Rates
Large List of Approved Funds
Explore

Loan Against Shares

Get Loan Against Shares the same day. Hold your shares as per your investment plan, meet your short-term to medium-term financial needs with Loan Against Shares.

Instant Disbursal
100% DigitalProcess
Attractive Interest Rates
Large List of Approved Shares
Explore
  • Loan Against Mutual Funds
  • Loan Against Shares

Loan Against Mutual Funds

Get Loan Against Mutual Funds within minutes. Enjoy the benefit of instant availability of funds and continue to retain ownership of your mutual fund investments to achieve your long-term investment goals.

Instant Disbursal
100% DigitalProcess
Attractive Interest Rates
Large List of Approved Funds
Explore

Loan Against Shares

Get Loan Against Shares the same day. Hold your shares as per your investment plan, meet your short-term to medium-term financial needs with Loan Against Shares.

Instant Disbursal
100% DigitalProcess
Attractive Interest Rates
Large List of Approved Shares
Explore

What Is Loan Against Securities?

Loan against securities (LAS) is a secured loan where you can avail of the loan by pledging your securities like mutual funds and shares as collateral. LAS is provided as an overdraft facility and is ideal for all your short to medium-term needs.

One of the main benefits of a digital loan against securities is that it allows borrowers to access cash without selling their investments. This means they can continue to earn returns on their securities while also using them to borrow money.

You can avail a loan against securities with Mirae Asset Financial Services at 9% P.A interest rate that too on utilized amount only. Avoid the hassle of visiting branches and experience 100% digital loan application process.

APPLY VIA WEB

How To Apply?

Get a Loan Against Securities in a few easy steps. We recommend keeping your PAN, Aadhaar Card & Bank Account details handy while applying, for a smoother experience.
  • 1
    Download app & sign-up
  • 2
    Select type of loan and apply
  • 3
    Complete KYC using PAN & Aadhar details
  • 4
    Enter bank account & additional details
  • 5
    Pledge securities online as collateral via CAMS, KFintech or NSDL platform.
  • 6
    Verify your bank account via Net banking/ Debit card
  • 7
    E-sign loan agreement with OTP authentication
  • Your loan account is ready
APPLY VIA WEB

Compare Loan Features

Let's compare loan against securities features with some commonly known secured and unsecured loans
Mirae Loan Against Securities Personal Loans Gold Loans Loan Against Property
Interest Rate
Interest Rate 9% p.a. (only on amount & duration utilized) 12% p.a. Onwards 14% p.a. Onwards 11% p.a. Onwards
Type
Type Secured Unsecured Secured Secured
Processing Fees
Processing Fees Rs 999/- + GST upto 2.5% of loan value + GST upto 2% of loan value + GST 1% - 3% of the loan amount + GST
Processing Time
Processing Time Loan against mutual funds: 15 Mins
Loan against shares: Same day		 Digital Process: Instant
Physical Process: 1 to 2 days		 Same day 10 to 30 days
Application Process
Application Process End to end digital process Both digital & physical process Physical process only Physical process only
Lock-in period
Lock-in period No lock-in 6 to 12 months No lock-in 6 to 12 months
Prepayment/ Foreclosure charges
Prepayment/ Foreclosure charges No Charges 2% to 4% of loan value + GST No Charges No Charges
Loan Tenure
Loan Tenure 1 Year upto 5 Years 1 Year upto 20 Years
Loan Value
Loan Value Loan against equity mutual funds & shares: 1 Cr Loan against debt mutual funds: 3 Cr upto 40 Lacs Based on value of collateral Based on value of collateral
Collateral
Collateral Mutual Funds & Shares No Collateral Gold Property
LTV
LTV Loan against equity mutual funds & shares: 45% Loan against debt mutual funds: 80% - 75% to 90% 75% to 90%
Income proof
Income proof Not Required ITR / Salary slip required Not Required ITR / Salary slip required
  • This data is prepared based on available information on the web and may differ from lender to lender.

Loan Details & Charges

Our aim is to cater to your financial needs with utmost transparency with no hidden charges.
Maximum Loan Amount
Loan Against Equity
Mutual Funds & Shares
₹1,00,00,000
(Upto 45% LTV)
Loan Against Debt
Mutual Funds
₹3,00,00,000
(80% LTV)
Minimum Loan Amount
₹10,000
Loan Tenure
12 Months
& renewable thereafter
Fixed Processing Fees
₹999
+ taxes as applicable
Penal Interest Rate
ROI + 4.00% P.A. for the default period
Minimum Withdrawal Amount
₹1,000. However, there is no limit on the number of withdrawals.
Interest Rate
9% p.a. (on utilized amount) Interest will be due on 1st working day of every month and the same will be debited on 3rd working day of every month from your Bank Account via NACH mandate.
Stamp Duty
₹500
Foreclosure Charges
ZERO Foreclosure charges
Bounce Charges
₹500 + taxes as applicable
Annual Renewal Charges
₹999*
Bank Mandate Swap Charges
₹500*
Top Up/Security withdrawal Charges
₹500*
Security Invocation Charges
₹2,000*
(in case of default)
Collection Charges
₹5,000*
(in case of default)
Legal Charges
₹5,000*
(in case of default)
Annual Percentage Rate (APR)
9% to 24% per annum
(including fees)
Minimum Period
12 Months
Maximum Period
12 Months

* Taxes as applicable

Let's understand with an example:

If a customer takes a loan of ₹50,000 for a period of 12 months, at an annual interest rate of 9% APR, then the customer will pay monthly interest for 12 months of ₹375 per month. The total loan payment over 12 months will be ₹54,500* (including principal and interest). Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹4500 + ₹999 + ₹500 = ₹5,999

Frequently Asked Questions

How Can We Help?

This facility is currently available for customers maintaining approved* mutual funds or shares registered or depositary with CAMS, Kfintech & NSDL. ( * Approved as per MAFS policy)

To avail this facility you should

  • Be resident Indian. Non-Resident Indians (NRIs) are currently not eligible for this loan.
  • Be between 18 to 75 years of age
  • Have a valid PAN & Aadhaar Card
  • Have a valid email id and mobile number
  • Have a valid bank account with net banking facility

The minimum amount is Rs 10,000/- and the maximum can go up to Rs 1 crore for equity mutual funds & shares and up to Rs. 3 crores for debt mutual funds.

LTV of 45% of the value of equity mutual funds, up to 45% of the value of shares and 80% of the value of debt mutual funds.

Securities can be depledged online partially or completely.

1) For partial security depledging follow below steps

  • - Login to mobile app or web.
  • - Go to transaction tab and click security withdrawal.
  • - Select loan account & application number under which securities are pledged.
  • - Select the securities and number of units to depledge.
  • - Click calculate to check revised collateral value, revised available limit & revised total limit.
  • - Verify via OTP authentication. Your request is submitted.

Your request will be reviewed and processed accordingly. The securities will be released within 24 working hours.

2) Complete security withdrawal can be only done during loan foreclosure.

For complete security depledging follow below steps

  • - Login to mobile app or web.
  • - Go to transaction tab and click foreclosure.
  • - Select loan account to foreclose.
  • - Verify via OTP authentication.
  • - You will receive closure simulation letter on registered email.
  • - Check ‘Total amount receivable’ field & clear it the same day before 12.00 am (Night).
  • - Write to mcare@miraeassetfin.com once total amount receivable is paid. If total amount receivable is zero, no further action is needed.

Your request will be reviewed and processed accordingly within 48 working hours and sent to RTA for depledging. RTA will release the securities within 5 working days. If total receivable amount is not cleared the same day your foreclosure request will be closed, and loan will remain active.

Please Note: Foreclosure requests will not be accepted between the last working day of the month to 3rd working day of the next month due to monthly interest debit activity.

Disclaimers

  • Credit limit is at the sole discretion of Mirae Asset Financial Services (India) Pvt Ltd.
  • The Loan Against Securities is for personal use. The loan amount cannot be used for speculative activities, capital market-related purposes, or anti-social purposes.