Need cash but don’t want to sell stocks? Here’s another way, explained in 10 points

Need money, but don't want to sell what you own? That's where borrowing against an asset can come in handy. You might think of gold, home or personal loan, but one asset you may not immediately think of is sitting in your demat account: your shares.That is, loans against shares (LAS), which allow investors to unlock cash from their stock holdings without actually selling them. The shares are pledged to the lender as security, while the borrower continues to hold them. For someone who needs funds for a short period but does not want to exit a long-term investment, that can sound like an attractive option.This is the basic idea behind a loan against shares. Instead of exiting your investments to raise cash, you pledge eligible shares to a lender and borrow against their value, while continuing to hold them.The idea seems simple.