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A loan against security is a loan advance to a customer against a pledge of security. It can be loaned against an insurance policy, mutual funds, Sovereign Gold Bonds, and other securities.

Which Securitie Can Be Pledged?

• Shares
• Equity & Debt Mutual Funds
• Fixed Maturity Plans (FMP)
• Insurance policies issued by LIC and select Private Insurance Companies
• Non-Convertible Debentures (NCD)
• Tax free Bonds (RBI, NABARAD, NHAI, PFC, IRFCL, HUDCO, IIFCL, NHB, REC, and IREDA)
• Sovereign Gold Bonds