Loan against shares kya hai, kaise lein, interest rates — complete Hindi guide Indian investors ke liye.
Published by The Retail Trader · AUG 08, 2026 · Features
Loan against shares kya hai, kaise lein, interest rates — complete Hindi guide Indian investors ke liye.
LAS mein tum apne shares girvi rakh ke bank se loan lete ho. Shares bechne ki zaroorat nahi — shares tumhare paas hain, bank ke paas pledge hote hain.
Simple definition: > LAS = Shares bechne ki jagah pledge karo, bank se loan lo. Shares wapas mil jaayenge jab loan repay karo.
Ye paanch baatein dhyaan mein rakho:
• Tumhare paas: ₹10 lakh ke shares
• Bank deta hai: 50% loan = ₹5 lakh
• Interest: 9-12% per annum
• Shares: Pledge (girvi) hote hain
• Loan repay karo → Shares wapas milte hain
Ye paanch baatein dhyaan mein rakho:
• Ownership — LAS: Retained (pledged), Selling Shares: Lost
• Tax — LAS: No capital gains tax, Selling Shares: Capital gains tax applicable
• Future upside — LAS: Milta hai, Selling Shares: Nahi milta
• Interest cost — LAS: 9-12%, Selling Shares: None
• Best for — LAS: Short-term need, Selling Shares: Permanent exit
Ye chhe baatein dhyaan mein rakho:
• Loan amount — 50-70% of share value
• Interest rate — 9-12% per annum
• Tenure — 1-3 years (renewable)
• Min loan — ₹50,000-1 lakh
• Processing time — 1-3 days
• Eligible securities — Large cap, liquid stocks
Good Use Cases:
• Emergency fund nahi hai but shares hain
• Short-term cash chahiye (3-12 months)
• Shares bechna nahi chahta (future upside expected)
• Tax event avoid karna hai
Bad Use Cases:
• Long-term debt repay
• Speculative trading
• Shares already down (margin call risk)
• High-interest alternative available
Agar share price gira toh bank aur collateral maangega. Nahi diya toh shares sell ho jaayenge.
9-12% interest lagta hai. Agar share returns kam hain toh nuksan hai.
Bank shares bech sakta hai agar loan nahi chukaya.
Ye baatein dhyaan mein rakho:
• 📌 LOAN AGAINST SHARES (LAS)
• 📊 Shares girvi rakh ke loan lo
• 📊 Ownership retained (pledged)
• 📊 No capital gains tax
• DETAILS:
• 📊 Loan: 50-70% of share value
• 📊 Interest: 9-12% per annum
• 📊 Tenure: 1-3 years
• 📊 Processing: 1-3 days
• WHEN TO USE:
• ✅ Emergency cash need
• ✅ Short-term (3-12 months)
• ✅ Don't want to sell shares
• ✅ Avoid capital gains tax
• RISKS:
• ❌ Margin call (price gira → collateral chahiye)
• ❌ Interest cost (9-12%)
• ❌ Forced selling (bank bech dega)
• LAS vs SELLING:
• 📊 LAS — Ownership retained, interest cost
• 📊 Selling — Ownership lost, tax applicable
• 📊 LAS better if: Short-term need + future upside expected
Ye baatein dhyaan mein rakho:
• Demat Account Guide | Capital Gains Tax | Risk Management
The Retail Trader — educational market analysis. Not investment advice.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.