Looking for ICICI Bank Loan Against Mutual Funds?
Compare ICICI Bank's Loan Against Mutual Funds offering with Quicklend's 10.3% p.a. transparent rate — and decide what works best for you.
What is ICICI Bank Loan Against Mutual Funds?
ICICI Bank's Loan Against Mutual Funds (LAMF) is a secured credit facility that lets you pledge your mutual fund units as collateral and borrow against their market value — without selling your investments.
ICICI Bank offers this as an overdraft facility, meaning you only pay interest on the amount you actually use. Your mutual fund units remain invested and continue to earn returns throughout the loan tenure.
This is particularly useful when you need short-term liquidity but do not want to disrupt your long-term investment strategy by redeeming your mutual funds.
ICICI Bank is one of India's largest private sector banks, offering digital loan against mutual funds through iMobile Pay and Internet Banking.
ICICI Bank LAMF Interest Rates & Charges
| Charge Type | ICICI Bank |
|---|---|
| Interest Rate | 10.75% – 11.75% p.a. |
| Processing Fee | Up to 0.50% of loan amount |
| Renewal Fee | As per prevailing schedule |
| Prepayment Charges | Nil |
ICICI Bank's LAMF rate is linked to its internal lending benchmarks and varies by loan amount, fund type, and customer relationship. Rates are subject to change. Rates subject to change. Please verify current rates directly with ICICI Bank.
Eligibility Criteria for ICICI Bank LAMF
To apply for a Loan Against Mutual Funds from ICICI Bank, you generally need to meet the following criteria:
- Must be an existing ICICI Bank account holder
- Age: 18–70 years
- Mutual fund units must be from ICICI Bank empanelled AMCs
- KYC compliance mandatory
- Minimum portfolio value as per bank norms
- Units can be held as folios or in demat
Note: Quicklend has no bank account requirement — any investor with a mutual fund portfolio can apply, regardless of which bank they use.
LTV Ratio & Loan Amount for ICICI Bank LAMF
LTV – Equity Funds
50%
LTV – Debt Funds
80%
Max Loan (Equity)
₹20 lakh
Max Loan (Debt)
₹1 crore
The Loan-to-Value ratio determines how much you can borrow against your mutual fund portfolio. For example, if you hold ₹10 lakh in equity funds,ICICI Bank allows you to borrow up to ₹5 lakh (50% LTV). For debt funds worth ₹10 lakh, you can borrow up to ₹8 lakh (80% LTV).
Quicklend offers the same 50% LTV on equity funds and up to 80% on debt funds — and the minimum loan amount starts at ₹55,000, with no upper limit based on your portfolio value.
Calculate your eligible loan amount →Eligible Mutual Funds for ICICI Bank LAMF
ICICI Bank accepts open-ended mutual fund schemes from empanelled Asset Management Companies (AMCs). The following fund types are generally eligible:
- Equity mutual funds (open-ended)
- Debt mutual funds (open-ended)
- Balanced / Hybrid funds
- Index funds and ETFs
- Liquid and ultra-short duration funds
- ELSS funds (post lock-in)
Closed-ended funds, NFOs, and fund-of-funds are typically not eligible. Always confirm with ICICI Bank before applying.
Documents Required for ICICI Bank LAMF
To apply for a Loan Against Mutual Funds from ICICI Bank, you will typically need to submit the following documents:
- PAN card
- Aadhaar card
- ICICI Bank account details
- Latest mutual fund statement (CAMS/KFintech)
- Demat account statement (if applicable)
- Passport-size photograph
Quicklend's document requirements are similar — PAN, Aadhaar, mutual fund or demat statement — and the entire submission is done digitally. No physical copies or branch visits required.
How to Apply for ICICI Bank LAMF
Here is a step-by-step guide to apply for a Loan Against Mutual Funds from ICICI Bank:
- 1Log in to iMobile Pay or ICICI Bank NetBanking
- 2Go to 'Loans' → 'Loan Against Mutual Funds'
- 3Choose the mutual fund folios and units to pledge
- 4Review the eligible loan amount shown
- 5Complete e-sign on pledge agreement
- 6Lien is created on your units and overdraft is activated
Processing time at ICICI Bank: Minutes (digital via iMobile or NetBanking). Keep in mind that branch-based applications may take longer.
ICICI Bank vs Quicklend: LAMF Detailed Comparison
Here is a feature-by-feature comparison of ICICI Bank's LAMF and Quicklend's offering, so you can make an informed decision.
| Feature | ICICI Bank |  |
|---|---|---|
| Interest Rate | ~10.75% – 11.75% p.a. | 10.3% p.a. (fixed, transparent) |
| LTV – Equity Funds | 50% | 50% |
| LTV – Debt Funds | 80% | 80% |
| Application Process | App / Branch (ICICI Bank account required) | 100% Online (no account needed) |
| Approval Time | Minutes (digital via iMobile or NetBanking) | Same day |
| Minimum Loan | ₹25,000 – ₹1 lakh | ₹25,000 |
| Bank Account Required | ICICI Bank account required | No – any bank account accepted |
| Lending Partner | ICICI Bank | Bajaj Finance Ltd (India's #1 NBFC) |
| Prepayment Charges | Nil (floating rate) | Zero |
The table above highlights the key differences between ICICI Bank and Quicklend for LAMF. While ICICI Bank is a reliable option for its existing customers, Quicklend stands out on three dimensions most borrowers care about: rate, speed, and accessibility.
Quicklend's rate of 10.3% p.a. is fixed and fully transparent — there are no surprises when the base rate changes. With a 100% digital process backed by Bajaj Finance Ltd, you get the trust of India's largest NBFC without needing to be a customer of any specific bank.
* ICICI Bank rates are indicative and subject to change. Verify current rates at ICICI Bank's official website.
Why Choose Quicklend Over ICICI Bank for LAMF
Both ICICI Bank and Quicklend offer Loan Against Mutual Funds — but Quicklend is purpose-built for speed, transparency, and accessibility. Here is why thousands of investors choose Quicklend:
Transparent 10.3% p.a. Rate
Quicklend charges a fixed 10.3% p.a. — no hidden charges, no rate fluctuations tied to bank benchmarks. You know exactly what you pay from day one.
100% Online Process
Apply, upload documents, get approved, and receive funds — entirely online. No branch visits, no physical paperwork, no queues.
Same-Day Approval & Disbursement
Quicklend's digital-first process ensures your application is reviewed and funds are disbursed on the same day — ideal when you need quick liquidity.
No Bank Account Requirement
Unlike banks that restrict LAMF/LAS to their own account holders, Quicklend is open to every investor in India, regardless of which bank you use.
Bajaj Finance Ltd Partnership
Your loan is powered by Bajaj Finance Ltd — India's largest NBFC with a 35+ year track record and an AAA credit rating. Rock-solid reliability.
Higher LTV on Debt Funds
Quicklend offers up to 80% LTV on debt mutual funds — matching the best rates in the market — so you unlock more value from your portfolio.
Zero Prepayment Charges
Repay part or all of your loan any time without penalty. Flexibility to manage your loan tenure on your own terms.
ISO 27001 Certified Security
Quicklend is ISO 27001 certified, meeting international standards for information security. Your financial and personal data is fully protected.
How to Apply for Quicklend LAMF
Applying for a Loan Against Mutual Funds with Quicklend takes under 15 minutes — entirely online, with no branch visit required.
- 1
Visit Quicklend
Go to quicklend.in and click on 'Loan Against Mutual Funds'.
- 2
Enter Your Details
Provide your mobile number, PAN, and basic information. No CIBIL score check required.
- 3
Link Your Portfolio
Share your CAMS/KFintech statement or connect your demat account to show your mutual fund holdings.
- 4
Get Instant Approval
Quicklend evaluates your portfolio in minutes and shows you the eligible loan amount at 10.3% p.a.
- 5
Receive Funds Same Day
Accept the offer, complete e-KYC and e-sign — funds are credited to your bank account the same day.
Frequently Asked Questions: ICICI Bank LAMF vs Quicklend
Disclaimer: The bank rate information on this page is indicative and based on publicly available data as of 2026. Actual rates may vary. Please verify current rates directly with ICICI Bank before applying. Quicklend operates through Bajaj Finance Ltd and all loan products are subject to their terms and conditions.