Mirae Asset Financial Services (India) Pvt. Ltd., the NBFC arm of the Mirae Asset Financial Group, has launched digital pledging for CDSL demat accounts.Customers with CDSL demat account can now apply for Loan Against Shares (LAS) completely online through the Mirae Asset Financial Services website or mobile app, per the company’s statement.“Customers can avail loans ranging from ₹25,000 to ₹1 crore against approved shares. The loan amount depends on the category of shares being pledged. Approved shares are classified into four categories based on factors such as market capitalization and price volatility. Based on the applicable category, the loan-to-value (LTV) ratio is 45 per cent, 40 per cent, 35 per cent or 30 per cent,’ the company said.Interest is charged at 10.25% per annum and is calculated only on the amount actually utilized, not on the total sanctioned loan limit.The NBFC said customers can prepay or foreclose their loan at any time without any charges. They can also increase their eligible loan amount by pledging additional shares or reduce it by partially releasing pledged shares. The complete loan journey from application to loan servicing is available online.“Customers can now apply online, select the shares they wish to pledge and authorise the request digitally, without visiting a branch or submitting physical paperwork. Once the pledge is approved by their Depository Participant (DP), they can proceed with creating their loan account on the same day.“This launch is significant because CDSL is India’s largest depository by the number of demat accounts. Today, CDSL has over 18.5 crore demat accounts, representing more than 80% of India’s demat market,” the company said.The company had introduced Digital LAS in 2022 for investors with NSDL demat accounts to get a loan online.Krishna Kanhaiya, CEO, Mirae Asset Financial Services, said: “This launch allows us to serve a much larger community of retail investors by giving them a smarter way to access funds without selling their investments. Many investors need short-term liquidity but don’t want to disrupt their long-term wealth creation journey.“Our goal is to make borrowing as simple, transparent, fast, hassle-free and completely digital. For investors, this means faster access to funds against their shares with no paperwork, no branch visits and a simpler, same-day digital journey.”Published on August 11, 2026