Mirae Asset launches digital loan-against-shares service for CDSL account holders
Mirae Asset Financial Services launched a fully digital loan-against-shares facility for CDSL demat account holders, allowing customers to pledge eligible shares online and access loans from ₹25,000 to ₹1 crore without branch visits or physical paperwork.
Read the source at The Hindu BusinessLineThe numbers
| CDSL has over | 18.5 crore demat accounts |
|---|---|
| Manual process previously took | 7-10 days |
| Loan-to-value ratio: | 30%-45% |
- CDSL represents over 80% of the demat market
Why it matters to operators and investors
Mirae Asset’s fully digital loan-against-shares service can materially improve customer conversion and operating efficiency by reducing a 7–10 day, paperwork-heavy process to an online pledge journey for CDSL account holders.
What to watch next
- Reported loan-book growth, average ticket size and repeat borrowing rates.
- Turnaround time from digital pledge to disbursal versus the stated 7–10 day legacy process.
- Competitor loan-against-shares pricing, LTV changes and digital onboarding launches.
- Nifty and large-cap equity volatility, collateral top-up frequency and forced-sale activity.
- Delinquency, margin-shortfall and concentration disclosures as the portfolio seasons.
The counter-case
The launch may be more incremental than disruptive: digital pledge workflows are increasingly standard among brokers and lenders, while a 10.25% indicated rate and 30%–45% LTV may not be compelling enough to pull borrowers from existing margin funding, LAS providers, or unsecured-credit alternatives. Demand could also be constrained in volatile markets, when lenders tighten eligible-stock lists or require top-up collateral precisely as customers need liquidity most.