New Delhi, April 8 -- Jio Financial share price jumped over 3% on Tuesday after the company announced that its subsidiary introduced fully digital Loan Against Securities (LAS) for its customers. Jio Financial Services shares rallied as much as 3.93% to Rs.221.90 apiece on the BSE.

Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services, has introduced fully digital Loan Against Securities (LAS) which is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates, all within just ten minutes through a completely digital process, Jio Financial Services said in a regulatory filing on April 8.

The LAS facility will be available throug...