ICICI Bank has increased the limit on its Loan Against Shares (LAS) facility from ₹20 lakh to up to ₹1 crore, letting you unlock funds from your investments without selling them. This guide explains how the offering works and how to reach ICICI Bank for assistance.
What the Loan Against Shares Offers
The enhanced Loan Against Shares gives you access to higher funds while your investments continue to stay invested and potentially grow. Key features include:
- Loan of up to ₹1 crore against shares (increased from the earlier ₹20 lakh limit).
- Loan is disbursed in the form of an Overdraft, giving you a flexible credit line.
- Pay interest only on the amount you actually utilise, and only for the period it is utilised.
- No pre-payment charges, so you can repay whenever you want without penalty.
Clicking the Avail Now button in the bank’s communication redirects you to the ICICI Bank app or website to proceed with the application. Terms and conditions apply — refer to the link in the original email for full details.
When to Contact ICICI Bank
Reach out to the bank for help with matters such as:
- Eligibility and the list of approved shares/securities
- Applying for or availing the enhanced ₹1 crore limit
- Understanding the overdraft structure, interest calculation, and repayment
- Questions about pre-payment or foreclosure
- Issues with the iMobile app or net banking application flow
- Documentation, pledge/lien of shares, or disbursement status
- Any other assistance related to Loan Against Shares
How to Contact ICICI Bank
| Method | Details |
|---|---|
| Relationship Manager phone | 022-444-00-000 |
| Relationship Manager email | myrm@icici.bank.in |
| Use the WhatsApp us link from the official ICICI Bank email/app | |
| Branch | Use the Locate a branch option to find the nearest ICICI Bank branch |
| Apply online | Click Avail Now in the official email (redirects to the ICICI Bank app/website) |
Before You Reach Out
To get a quicker response, keep the following handy:
- Your registered mobile number and Customer ID / account number
- Details of the shares/securities you intend to pledge
- The loan amount you are looking for
- Any application reference number, if you have already started the process
- A clear description of your query or the issue you are facing
If you are following up on an existing application, mention the reference number and the date on which you applied.
How to Apply
- Open the official ICICI Bank email and click Avail Now, or log in to the iMobile app / ICICI Bank net banking website.
- Check your eligibility and the approved securities.
- Select the shares you wish to pledge and the overdraft limit required.
- Complete the documentation and e-mandate/pledge process.
- Once approved, the overdraft limit is set up and you can withdraw funds as needed — paying interest only on the utilised amount.
Quick Summary
- Enhanced limit: Up to ₹1 crore against shares
- Format: Overdraft — pay interest only on utilised amount
- Pre-payment: No charges
- Call your Relationship Manager: 022-444-00-000
- Email: myrm@icici.bank.in
- Also available: WhatsApp support and branch assistance
This is a system-generated communication from ICICI Bank — do not reply directly to the promotional email; use the contact channels above instead.
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