How can I avail the Loan Against Securities (LAS) facility?
The registration process for a Loan Against Securities (LAS) differs based on your demat account and security type.
| Account/ Security | Application Method | Fund Disbursal |
|---|---|---|
| NSDL Demat Account (single holder) | Online | Within 48 hours |
| CDSL Demat Accounts | Physical application by submitting the required forms at a Geojit branch | Within 48 hours |
To register for the LAS facility:
- Digital Loan Against Shares, Loan Against Mutual Funds, Loan Against Sovereign Gold Bonds (SGB): You will have to create an account, complete your KYC and e-sign the loan agreement on the LITS platform. The following documents must be uploaded
| Sl No. | Documents |
|---|---|
| 1. | Passport size photo |
| 2. | PAN Card |
| 3. | Address proof (Aadhaar / Driving License / Passport / Voter ID) |
| 4. | Bank Account proof (Cheque leaf with printed name / Bank statement) |
| 5. | Signature on a white paper |
| 6. | Income Tax Return (ITR) copy (for loans above Rs. 10 lakhs) |
- Loan Against Shares (Offline): You will have to sign/submit the following documents at a Geojit branch.
| Sl No. | Documents |
|---|---|
| 1. | Loan Application |
| 2. | Loan Agreement |
| 3. | KYC Form |
| 4. | Demand Promissory Note |
| 5. | Sanction Letter |
| 6. | Pledge Form (Annexure W) |
| 7. | Self-attested PAN Card copy |
| 8. | Self-attested PAN Card copy Self-attested Address proof (Aadhaar / Driving License / Passport / Voter ID) |
| 9. | Bank Account proof (Cheque leaf with printed name / Bank statement) |
| 10. | Income Tax Return (ITR) copy (for loans above Rs. 10 lakhs) |
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