Short answer: Axis Bank publishes a single repo-linked rate (11.50%) and a flat ₹2,500 processing fee, and accepts NRIs. ICICI Bank’s range is 10.75% to 11.75%, with a fee of up to 2% of the limit and no prepayment charges.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
ICICI Bank LAS vs Axis Bank LAS at a glance
| ICICI Bank LAS | Axis Bank LAS | |
|---|---|---|
| Type | Private sector bank | Private sector bank |
| Products | Loan Against Securities, Shares and Mutual Funds (Digital LAMF) | 24×7 Loan Against Securities (digital) and physical LAS |
| Securities accepted | Demat shares, equity and debt funds, ETFs, insurance, SGBs, FMPs, government bonds | Shares, mutual funds, bonds and NCDs, insurance |
| Loan amount | ₹25,000 to ₹1 crore against shares and equity funds; higher for debt funds | Not stated |
| Loan-to-value (LTV) | Shares up to 55%; equity funds 70% (some pages say 50%); debt funds 80%; ETFs 50% | Up to 85% of value (no split by type published) |
| Interest rate | 10.75% to 11.75% a year (actual Jul to Sep 2026: 8.25% to 11.75%) | 11.50% a year (repo 5.25% + 6.25%), reset quarterly |
| Processing fee | Up to 2% of the sanctioned limit | ₹2,500 + GST |
| Other charges | Renewal ₹2,500 + GST a year; no prepayment charge | Renewal ₹3,500 + GST for equity funds; 0.1% or ₹5,000 for debt funds |
| Tenure | 1 year, renewable | Not stated |
| How it works | Overdraft; interest daily on what you use | Overdraft |
| Digital process | Yes, via iMobile or net banking; lien on CAMS funds | Yes, 24×7 digital LAS “in 3 minutes” |
| Who can apply | Age 18 to 75; digital LAMF for selected ICICI customers | Residents and NRIs over 18; businesses for debt funds |
| Also worth knowing | No prepayment charges; Paperless for existing customers | NRIs eligible; Repo-linked rate |
RBI limits: banks can lend up to 60% against listed shares, 75% against equity funds and ETFs and 85% against debt funds and AAA bonds, with a ₹1 crore cap per person against shares and equity funds. NBFCs follow their own RBI rules (usually 50% on shares). Lenders can lend less. See our loan against shares and loan against mutual funds calculators.
What it costs to use ₹2 lakh for 6 months from a ₹5 lakh limit
We assumed a ₹5 lakh sanctioned limit, ₹2 lakh drawn for 6 months, interest paid monthly on the amount used, and the first-year processing fee (with GST where quoted before tax). Yearly renewal or maintenance charges, stamp duty and pledge charges are extra where they apply.
| Provider | Scenario | Rate a year | Interest | Fees | Total cost |
|---|---|---|---|---|---|
| ICICI Bank LAS | Low end, max fee | 10.75% | ₹10,750 | ₹11,800 | ₹22,550 |
| ICICI Bank LAS | High end, max fee | 11.75% | ₹11,750 | ₹11,800 | ₹23,550 |
| Axis Bank LAS | Published rate | 11.5% | ₹11,500 | ₹2,950 | ₹14,450 |
Key differences
- Rate: ICICI Bank 10.75% to 11.75%; Axis Bank 11.50%.
- Processing fee: ICICI Bank up to 2%; Axis Bank ₹2,500 + GST.
- Who can apply: Axis Bank includes NRIs; ICICI Bank’s digital LAMF is for selected customers.
- Renewal: ICICI Bank ₹2,500 + GST; Axis Bank ₹3,500 + GST for equity funds.
Which should you choose?
ICICI Bank LAS may suit you if you qualify for its lower rates and are an existing ICICI customer.
Axis Bank LAS may suit you if you want a flat fee or are an NRI.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Check which of your holdings are on the lender’s approved list and the LTV for each type.
- Compare the processing fee on the whole limit and any yearly renewal fee, not just the rate.
- Keep a buffer: if markets fall, you may have to repay or pledge more within days, or the lender can sell your units.
- Use it for personal needs only. Lenders do not allow these loans to be used to buy shares or for speculation.
- Read the KFS: it must show the APR, every charge and how margin shortfalls are handled.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
What LTV does Axis Bank give?
Its page says up to 85% of the value of your securities, without a split by type. RBI rules cap loans against shares and equity funds lower, so expect less on those.
Is the Axis Bank rate fixed?
No. It is repo rate plus a spread, reset every quarter.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- ICICI Bank loan against securities
- ICICI Bank LAS rates and fees
- Axis Bank LAS rates and charges
- Axis Bank LAS
Read more: LAS and LAMF rates of 10 lenders · Loan against shares calculator · Loan against mutual funds calculator · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.