A Loan Against Securities (LAS) is a financial product where individuals or businesses can borrow money by pledging their marketable securities like stocks, bonds, or mutual funds as collateral. The lender assesses the value of the securities and offers a loan amount based on a certain percentage of their market value, typically up to 70-80%. Interest rates are usually lower compared to unsecured loans, making LAS an attractive option for quick access to funds. Borrowers retain ownership of their securities but risk losing them if they fail to repay the loan. LAS offers liquidity without selling investments, and the loan amount can be used for various purposes, including investments, emergencies, or personal expenses. It's essential to understand the terms, interest rates, and risks associated with LAS before opting for this financial arrangement.