Secure loan against shares

A Loan Against Shares (LAS) is a type of secured loan where you pledge your shares/ stocks as collateral to obtain a loan from a financial institution. The loan amount is usually a percentage of the market value of the shares pledged.

The loan amount you can get is typically a percentage of the market value of the shares you pledge, known as the Loan-to-Value (LTV) ratio. The maximum LTV one can avail is 50% as per RBI guidelines.

If the market value of your pledged shares declines, you will have to either pledge additional shares or repay a proportionate principal amount to maintain the required margin (Loan-to-Value ratio). If you fail to do so, the lender may sell your pledged shares to recover the loan amount. It's essential to monitor the market conditions to avoid this situation.

You can borrow up to 1 Crore through digital loan process as per market value of the shares and eligibility criteria as per policy.

As per Jio Credit’s policy you need to

• Be an Indian Resident
• Be an adult between age of 18-75 years
• Have a good credit profile
• Hold shares in NSDL