Rohan, a budding entrepreneur, was excited about expanding his startup. His business was gaining traction, but he needed immediate funds to take it to the next level. Selling his investments wasn’t an option—he had spent years building his portfolio. That’s when he stumbled upon a perfect solution: a Loan Against Securities (LAS).

Curious but cautious, Rohan called Shriram Credit Company Ltd.’s loan officer, to understand the process. The loan officer explained, "Rohan, LAS allows you to leverage your investments without selling them. You can pledge shares, mutual funds, or bonds and get liquidity quickly. But first, let’s get your documents in order."

Step 1: Proving Your Identity

The officer handed Rohan a list and said, "First, we need to verify your identity. You can provide any of the following: a valid PAN Card, Aadhaar Card, Passport, Voter ID, or Driving License, along with a cancelled cheque."

Rohan nodded. "Easy! I have my PAN and Aadhaar with me."

Step 2: Where Do You Stay?

"Next, we need to confirm your address. Any of these will work—Aadhaar Card, Passport, Utility Bills (not older than three months), or a Registered Rental Agreement."

Rohan chuckled, "I just paid my electricity bill! That should work."

Step 3: Showing Financial Stability

"Though not always mandatory, income proof strengthens your case. Your last three months’ salary slips, Form 16, Income Tax Returns, or bank statements will be helpful. For self-employed individuals, we require audited financials."

Rohan’s confidence grew. "I have my ITRs and bank statements ready. What’s next?"

Step 4: Securities Holding Proof

"Since the loan is against your investments, we need your Demat Account Statement or Holding Statement from NSDL/CDSL."

This Loan Against Shares can be availed entirely online if your Depository Participant (DP) is registered with NSDL. The process is seamless, secure, and hassle-free, ensuring quick approval and disbursement within 24 hours of completing all formalities.

Rohan smiled. "I manage all my investments online—getting a statement is a breeze."

Step 5: Application and Pledge Creation

Handing over two more documents, the officer said, "Please fill out the loan application form and the E-mandate form." He further informed him that the signed pledge creation form must be submitted to his Depository Participant (DP) to create a lien in favour of Shriram Credit Co. Ltd.

"Got it! Anything else?" Rohan asked eagerly.

Unlocking Liquidity Without Selling Investments

A few days later, Rohan’s LAS was approved and disbursed. He accessed the funds he needed while his investments continued to grow. The best part? He retained ownership of his portfolio and repaid the loan at his convenience.

For anyone looking for funds without liquidating assets, LAS is a smart option. Just ensure you have your documents ready, and you, too, can unlock liquidity without disrupting your financial plans!