InvestorQ : What are the documents required for taking a loan against securities/shares (LAS)?
Nikita Damle made post

What are the documents required for taking a loan against securities/shares (LAS)?

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Priyanka Singh answered.
3 years ago
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A loan against securities/shares (LAS) is a type of loan offered by banks against the shares an individual holds. This is one of the best options to take care of one’s immediate financial needs where in the individual can also preserve his/her investment. In LAS, the individual’s shares are only blocked by the lender or bank, not owned.

Documentation for loan against securities/shares (LAS) varies across borrowers. A salaried borrower must submit the following documents:

- PAN card

- Identity and address proof

- Photograph

- Last six months’ bank statement

- Cancelled cheque

- Demat account statement

- Income proof

In contrast, a borrower who is self-employed must submit the following documents:

- PAN card

- Identity and address proof

- Photograph

- Last six months’ bank statement

- Cancelled cheque

- Demat account statement

- Income proof

- Balance sheet and profit and loss account

- Office address proof and existence of business proof

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