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How to avail Loan Against Securities(LAS) from other NBFCs?

Zerodha Capital is the NBFC arm of Zerodha (Non-Banking Financial Company). It offers loans against securities held in the demat account in a few simple steps that can be completed online. To learn more, visit

To avail loan against securities from a different NBFC offline, follow these steps:

  1. Open a loan against securities account in one of the financial institutions. In this context, the financial entity will be the pledgee, and the person applying for the loan will be the pledgor.
  2. Once the account is set up with the pledgee, download, print and fill the pledge request form (PDF). Ensure to enter the pledgor and pledgee demat account details, ISIN with quantity, expiry date, agreement number and signature. (Up to 8 ISIN can be filled in the pledge request form, If the request is for more than 8 ISINs, please use the attached pledge annexure form and submit it along with the pledge request form) and send it to below address:

153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

Alternatively, the forms can be esigned and sent to Zerodha by raising a ticket below. To learn the steps to eSign a form, see How to eSign documents? Non-individual account holders need to follow the offline process. DP ID can be found on Console. To learn more, see What are DP name, DP ID, BO ID and demat ID? International Securities Identification Number (ISIN) of securities can be found on NSE or BSE website or on the holdings report on Console. To learn more about holding report, see What is a holding report and how to download it? The pledgee name, DP ID, Client ID, expiry date and the agreement number of the plegdgee is provided by the financial institution.

The pledge will be processed within 24-48 hours once Zerodha receives the form, and an acknowledgement will be sent for the same. Pledged securities will be moved to the pledgee’s demat account, and the pledgee will process the loan.

Unpledging of securities

Securities can be unpledged by requesting the financial institution (pledgee). Once the financial entity (pledgee) confirms that there are no dues, they will un-pledge the securities, and the same will be converted from the pledge balance to a free balance.


If the financial entities (pledgee) confirms that there are no dues and they request to contact the DP to unpledge the shares, Download the unpledge request form (PDF), fill it up, e-sign the filled unpledge request form and submit it by creating a ticket below. To learn the steps to esign a form, see How to eSign documents? Alternatively, unpledge request form (PDF) can also be filled and submitted offline by couriering it to the address mentioned below:

153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

Did you know?

  • Once the holdings are pledged, they will not be visible on Kite, nor can they be sold until they are unpledged.
  • The e-signed forms must be submitted within 30 days from the date of esigning.The charges for pledging is ₹32 + GST per ISIN. The charges for unpledging is ₹32 per ISIN. The charge for pledge invocation is ₹20 + GST per ISIN.
  • E-signing the pledge/unpledge request form is not allowed for joint and non-individual account holders.
  • If the unpledge request form is processed from Zerodha's end and the shares are unpledged, but the dues with the financial entity are not cleared, the shares will remain pledged, and the pledgee must be contacted.
  • In the case of corporate or HUF accounts (non-individual accounts), affixing a seal when filling out the forms is mandatory.