Welcome to our support center

How can we help you?

Loans against Securities

Where will my account be opened?

Link

At any branch specified by you. However, you can operate out of any of our branches under the Anywhere Banking facility.

How do I get to know my Credit Limits?

Link

You may check the Total Credit limit, Credit Limit against individual securities, Details of securities pledged and Outstanding amount through any of the following mediums:

  • Call our 24 hour Customer Care Centre
  • Visit any of the nearest ICICI Bank branches
  • Infinity (Internet Banking)
  • Register your E-mail ID for weekly Interim Valuation Reports(IVR) by calling 24 hour Customer Care Centre or visiting our nearest branch.

Loans against Securities Services Charges & Fees

Link

How do I approach ICICI Bank for a Loan against securities?

Link

You can approach us in any of the following ways

Who can avail of an ICICI Bank Loan Against Securities?

Link

How do I repay the loan against Securities?

Link

You can repay the loan by cash, cheque or demand draft.

How is the interest charged/calculated for Loan for Loan Against Securities?

Link

In the overdraft account, interest will be charged only on the amount you draw and for the period that you draw. Interest will be charged on a daily basis, but will be debited to your account only once a month.

How do I pledge more Securities (from the approved list)? How long does it take?

Link

Submit the pledge request forms with your Depository Participant , with whom you hold your Demat Account. Once your DP correctly initiates the pledge request in the favour of ICICI Bank (mentioning your LAS account number as the Agreement no.), the limits will be set within next 24 working hours. "

What are the documents that I need to submit for Loans against Securities?

Link
  • Your loan will be sanctioned on completion of all the documents.

  • You will be asked to fill the loan agreement and complete the account opening formalities.

You will be able to enjoy all the benefits of a current account such as a

 

Am I required to have a Demat Account with ICICI Bank?

Link

No, you can pledge your securities irrespective of whether you have a Demat Account with ICICI Bank or any other depository. To open a Demat Account, click here.

What are the lending rates for Loans against Securities? How much shall I pay for this facility?

Link

ICICI Bank Loans Against Securities comes to you at attractive interest rates, which are based on the trends prevailing in the market at the time of the loan. You pay only when you use the money and for the number of days the money is used. The rates vary according to the product-variant.

What about my Dividend and Bonus?

Link

The Dividend and Bonus on your shares will continue to accrue to you.

I have shares that are in the approved list, but they are in physical form. Can I get a loan against them?

Link

Yes, but you would have to first convert them into the dematerialised form. All you have to do is to get your shares dematerialised through a depository account with ICICI Bank/ any other bank.

Will more shares be included in the approved lists?

Link

Yes, these lists are updated on a periodic basis.