New Delhi, Jan. 22 -- If you need urgent cash and have a significant equity portfolio, you can opt for a loan against shares (LAS) instead of selling your stocks. This facility allows individuals to borrow funds from banks or non-banking financial companies (NBFCs) by using their shares as collateral. However, you need to carefully monitor specific rules and market risks associated with this type of credit.

First, let's find out how you can get such a loan.

The process begins with completing a one-time KYC with the lender using your PAN and Aadhaar details. If your Aadhaar is linked to your mobile number, the required information is fetched automatically through DigiLocker.

Once the KYC is done, shares are pledged using the depository ...