Loan against securities is a secured type of loan, sanctioned against the securities/stocks in your account. The following types of securities qualify as collateral. Demat and physical shares, Non-convertible debentures (NCD), LIC policies, NABARD and UTI Bonds, Mutual fund units (not exempt from capital gain tax), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Gold deposit certificates