Loan Against Securities – EMI Calculator

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Top 10 Banks with best interest rates :

Sr no.	Lenders	Interest Rates (p.a.)	Loan Amount	PF
1	Bajaj Finserv	8% - 15%	25k - 25cr	0.5-2%
2	Tata Capital	10.00%-20.00%	1L - 10 Cr	Up to 3% of the loan amount + GST
3	State Bank of India	11.50%	10,000 -	0.75%
4	Axis Bank	11.99%	25k - 10 Cr	0.50%
5	Kotak Mahindra Bank	8.00%-10.00%	50k- 10 Cr	2%
6	Yes Bank	9.75%	25k - 20lk	0.50%
7	HDB Financial Services	10%	25k - 10 Cr	2.36%
8	ICICI	11.50%	1L- 10 Cr	2%
9	Anand Rathi global	11%	1L - 50 Cr	1%
10	Zerodha Capital	11.50%	25k - 50L	0.25% (for 1lk)

(*Rate of Interest depends on your Credit Score*)

Loan against Securities (LAS) EMI Calculator:

A Loan Against Securities EMI Calculator is a practical and user-friendly tool that simplifies the process of planning and managing loans secured by financial assets. By offering a detailed breakdown of monthly payments, it empowers borrowers to make informed financial decisions while optimizing their repayment strategy. Whether you are borrowing for personal needs or investments, using this calculator ensures a smoother and more transparent loan experience.

Advantages of a Loan against Securities EMI Calculator:

Using a Loan against Securities EMI Calculator offers several key advantages for businesses:

Accurate EMI Prediction: It provides a precise calculation of your monthly repayment, allowing the individual to understand the financial commitment involved.
Easy to Use: With a user-friendly interface, the calculator requires only basic information, such as the loan amount, interest rate, and tenure, making it accessible to everyone.
Financial Planning: By knowing the exact EMI, borrower can better manage their cash flow, budget effectively, and avoid overburdening their financial resources.
Flexible Adjustment: You can modify key parameters like loan amount, tenure, and interest rate to compare different repayment scenarios, helping you choose the most affordable loan terms.
Saves Time: It eliminates the need for manual calculations and provides an instant result, making the loan planning process faster and more efficient.

Benefits of Loan Against Securities:

Quick Access to Funds: LAS provides fast access to funds without the need to sell your investments.
Lower Interest Rates: LAS typically offers lower interest rates compared to unsecured loans due to the collateral.
Retain Ownership: You continue to hold ownership of the pledged securities and can still earn dividends or interest.
Flexible Usage: The loan amount can be used for various purposes, offering flexibility to the borrower.

Eligibility Criteria for Loan Against Securities:

The eligibility criteria for LAS are as follows:

Nationality: Indian
Age: Between 18 and 90 years
Employment: Salaried or Self-employed
Security Value: Minimum value of Rs. 50,000 and above

FAQs

What is Loan Against Securities (LAS)?

A Loan Against Securities (LAS) is a financial product that allows you to borrow funds by pledging your securities as collateral. The types of securities accepted include listed shares, unit trusts, local cash investments, preferential shares, Exchange Traded Funds (ETFs), Real Estate Investment Trusts (REITs), and government bonds. The loan amount is usually based on a percentage of the market value of the securities you pledge.

How often will my LAS portfolio be reviewed by the lender?

Your portfolio will typically be reviewed quarterly or annually. It may also be reviewed based on specific circumstances or goals.

What information is needed to use the LAS/MF calculator?

You will need to provide:

The number of securities
The total market value of your securities
The Loan-to-Value (LTV) ratio or percentage offered by your lender

What is the Loan-to-Value (LTV) ratio?

The LTV ratio is the percentage of your collateral value that can be borrowed. For example, if your securities are worth Rs. 1,00,000 and the LTV ratio is 50%, you can borrow up to Rs. 50,000.

What documents are required for LAS?

Required documents for Loan against securities typically include:

Identity proof (Aadhar card, PAN card, passport)
Address proof (utility bills, passport, Aadhar card)
Proof of ownership of securities (demat account statement, mutual fund statement)
Recent passport-sized photographs

Do my securities need to be in demat form to apply for LAS?

Yes, your securities must be in dematerialized form. If they are not, you can convert them into demat form via a Depository Account with a bank.

What happens if the value of my securities decreases?

The value of securities is re-evaluated daily. If the value drops, the eligible loan limit also reduces. If the outstanding loan exceeds the new eligible limit, the difference becomes overdue. In such cases, you will need to either repay the overdue amount or pledge additional securities. If the value of your securities increases, the eligible limit rises automatically. If your loan utilization is lower than the revised eligible limit, there will be no overdue amount.

Why is using an EMI Calculator important before applying for a Loan against Securities?

Using a Loan against Securities EMI calculator before applying is essential because it helps you understand the monthly financial commitment involved. It allows you to assess multiple factors whether the loan is affordable based on your salary, expenses and lets you explore various loan scenarios (loan amount, tenure, interest rates) to find the best fit. By using our calculator, you can make well-informed decisions, avoid surprises, and effectively plan your finances.