Short answer: IDFC FIRST Bank has the lowest published bank rate here (9.50%) and no processing fee, but it works only through its app and only for its savings account holders. Axis Bank charges 11.50% with a ₹2,500 fee and is open to NRIs.
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.
Axis Bank LAS vs IDFC FIRST Bank LAS at a glance
| Axis Bank LAS | IDFC FIRST Bank LAS | |
|---|---|---|
| Type | Private sector bank | Private sector bank |
| Products | 24×7 Loan Against Securities (digital) and physical LAS | Loan Against Securities (mutual funds; shares listed as coming soon in one FAQ) |
| Securities accepted | Shares, mutual funds, bonds and NCDs, insurance | Approved mutual funds and NSDL demat shares |
| Loan amount | Not stated | Up to ₹1 crore (another page: ₹10 lakh for equity funds, ₹50 lakh for debt funds) |
| Loan-to-value (LTV) | Up to 85% of value (no split by type published) | Margin of 20% to 50% by investment type |
| Interest rate | 11.50% a year (repo 5.25% + 6.25%), reset quarterly | 9.50% a year, floating (repo + 4.25%) |
| Processing fee | ₹2,500 + GST | Nil |
| Other charges | Renewal ₹3,500 + GST for equity funds; 0.1% or ₹5,000 for debt funds | ₹1,000 a year at renewal; no foreclosure or part-payment charges |
| Tenure | Not stated | 12 months, auto-renewed |
| How it works | Overdraft | Overdraft; no EMIs |
| Digital process | Yes, 24×7 digital LAS “in 3 minutes” | Yes, app only; holdings fetched through MF Central |
| Who can apply | Residents and NRIs over 18; businesses for debt funds | IDFC FIRST savings account holders aged 21 to 70 |
| Also worth knowing | NRIs eligible; Repo-linked rate | Zero processing fee; Covers both CAMS and KFintech funds |
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 |
|---|---|---|---|---|---|
| Axis Bank LAS | Published rate | 11.5% | ₹11,500 | ₹2,950 | ₹14,450 |
| IDFC FIRST Bank LAS | Published rate, no fee | 9.5% | ₹9,500 | ₹0 | ₹9,500 |
Key differences
- Rate: IDFC FIRST 9.50%; Axis Bank 11.50%.
- Fee: IDFC FIRST nil; Axis Bank ₹2,500 + GST.
- Who can apply: IDFC FIRST savings account holders aged 21 to 70; Axis Bank residents and NRIs over 18.
- Securities: IDFC FIRST mainly mutual funds; Axis Bank shares, funds, bonds, insurance.
Which should you choose?
Axis Bank LAS may suit you if you need to pledge shares or bonds, or are an NRI.
IDFC FIRST Bank LAS may suit you if you hold mutual funds and have or can open an IDFC FIRST savings account.
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
Does IDFC FIRST Bank charge a processing fee on LAS?
Its page and MITC say nil, with ₹1,000 at each yearly renewal.
How do I pledge funds with IDFC FIRST?
In its mobile app. Holdings are fetched through MF Central, which covers both CAMS and KFintech funds.
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
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.