Loan Against Securities or Loan Against Shares (LAS) is a loan a borrower can enjoy by pledging his/her investment in favour of the lender. It is often used to fund urgent, unexpected expenses without selling investments in distress.

Some of the most important features of LAS are:

- - It is a secured loan wherein debentures, shares, bonds or mutual funds are offered as collateral.

- - The tenure of the loan against security is one year, but it can be easily renewed.

- - The rate of interest ranges from 12 – 15%. The rate varies across banks and non-banking finance companies (NBFCs)

- - The processing fee is usually charged at 2% of the loan amount.

- - The loan amount depends on the security the borrower is offering.

- - There are no charges for prepayment of the loan.

- - The borrower must be within the age of 18 – 65 years to apply for a loan against security.

- - The loan has to be repaid within the fixed period. If the borrower fails to make the payment, the lender can file a case for recovery and the balance amount has to be repaid within three years from the date of sanction of the loan.