What collateral/security do I have to provide in a loan against shares/securities (LAS)?
Answer
Answer
The term Loan Against Securities (LAS) defines what the loan is all about- shares/securities. LAS is a secured loan wherein debentures, shares, bonds or mutual funds are offered as collateral.
So, no. To answer you question in short, you do not need to provide any other collateral/ security, other than the shares/mutual fund units against which your loan is guaranteed.