Looking for State Bank of India Loan Against Shares?
Compare SBI's Loan Against Shares offering with Quicklend's 10.3% p.a. transparent rate — and decide what works best for you.
What is State Bank of India Loan Against Shares?
State Bank of India's Loan Against Shares (LAS) is a secured credit facility that lets you pledge your equity shares as collateral and borrow against their market value — without selling your investments.
SBI provides the loan as an overdraft against your pledged shares. You retain ownership of the shares, continue receiving dividends and corporate benefits, and the pledge is released once you repay the loan.
LAS from SBI is structured for investors who need working capital, business funding, or personal liquidity without exiting their equity positions.
State Bank of India is India's largest public sector bank and a leading provider of loan against mutual funds through its YONO digital platform.
SBI LAS Interest Rates & Charges
| Charge Type | SBI |
|---|---|
| Interest Rate | 10.75% – 12.00% p.a. |
| Processing Fee | 0.50% of loan amount (minimum ₹500) |
| Prepayment Charges | Nil for floating rate |
SBI LAS interest rates are linked to the base rate and vary based on the type and value of shares pledged. Rates are subject to revision. Rates subject to change. Please verify current rates directly with State Bank of India.
Eligibility Criteria for SBI LAS
To apply for a Loan Against Shares from State Bank of India, you generally need to meet the following criteria:
- Must be an existing SBI account holder
- Age: 18–70 years
- Must hold a demat account (SBI or SBI-linked DP)
- Shares must be from SBI's approved securities list
- No minimum CIBIL score for existing SBI customers
- Shares must be in demat form and free of any other pledge
Note: Quicklend has no bank account requirement — any investor with eligible listed shares can apply, regardless of which bank they use.
LTV Ratio & Loan Amount for SBI LAS
LTV on Approved Shares
50% (Group A shares), 25% (Group B shares)
Maximum Loan
₹20 lakh (Group A shares)
Minimum Loan
₹25,000
The LTV ratio for LAS is determined by SEBI guidelines and the bank's internal risk policy. For example, with ₹10 lakh in eligible shares, SBI typically allows you to borrow up to ₹5 lakh (50% LTV).
Quicklend offers the same 50% LTV on approved shares through Bajaj Finance, with no bank account requirement and same-day disbursement.
Explore loan calculators →Eligible Shares & Stocks for SBI LAS
SBI accepts shares from NSE-/BSE-listed companies on their approved securities list. Shares are categorized into Group A (blue-chip, higher LTV) and Group B (other listed, lower LTV).
Examples of stocks commonly approved by SBI:
- Reliance Industries
- HDFC Bank
- Infosys
- TCS
- ICICI Bank
- Bajaj Finance
- Other NSE/BSE-listed approved stocks
The approved securities list varies by bank and is updated periodically. Confirm eligibility with SBI before applying.
Documents Required for SBI LAS
To apply for a Loan Against Shares from State Bank of India, you will typically need to submit the following documents:
- PAN card
- Aadhaar card
- SBI account details
- Demat account statement
- Latest Demat holding certificate
- Recent 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 SBI LAS
Here is a step-by-step guide to apply for a Loan Against Shares from State Bank of India:
- 1Visit your nearest SBI branch or log in to NetBanking
- 2Submit a loan against shares application form
- 3Provide details of shares to be pledged
- 4Bank evaluates shares and determines eligible loan amount
- 5Pledge is marked on your demat account
- 6Overdraft facility is activated in your SBI account
Processing time at SBI: 1–3 working days. Branch-based applications typically take more time than digital ones.
SBI vs Quicklend: LAS Detailed Comparison
Here is a feature-by-feature comparison of State Bank of India's LAS and Quicklend's offering, so you can make an informed decision.
| Feature | SBI |  |
|---|---|---|
| Interest Rate | ~10.75% – 12.00% p.a. | 10.3% p.a. (fixed, transparent) |
| LTV on Approved Shares | 50% (Group A shares), 25% (Group B shares) | Up to 50% |
| Application Process | App / Branch (SBI account required) | 100% Online (no account needed) |
| Approval Time | 1–3 working days | Same day |
| Bank Account Required | SBI account and SBI-linked demat account required | No – any bank account accepted |
| Lending Partner | SBI | Bajaj Finance Ltd (India's #1 NBFC) |
| Retain Dividends | Yes | Yes |
| Prepayment Charges | Nil (floating rate) | Zero |
The table above highlights the key differences between State Bank of India and Quicklend for LAS. While SBI 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.
* SBI rates are indicative and subject to change. Verify current rates at State Bank of India's official website.
Why Choose Quicklend Over SBI for LAS
Both SBI and Quicklend offer Loan Against Shares — 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 LAS
Applying for a Loan Against Shares 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 Shares'.
- 2
Enter Your Details
Provide your mobile number, PAN, and basic information. No CIBIL score check required.
- 3
Share Demat Holdings
Upload your demat holding statement or link your CDSL/NSDL account to show your share portfolio.
- 4
Get Instant Approval
Quicklend assesses your eligible shares and shows the approved loan amount at 10.3% p.a.
- 5
Receive Funds Same Day
Complete e-KYC, e-sign the pledge agreement, and funds are transferred to your account on the same day.
Frequently Asked Questions: SBI LAS 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 State Bank of India before applying. Quicklend operates through Bajaj Finance Ltd and all loan products are subject to their terms and conditions.