MoneyLens / Credit lines
Your credit line, explained.
Loan against securities · Kaveri Smart LAS · Kaveri Finance Ltd · ••••1183
Illustrative
Loan against securities
Pledge statement20 Oct
Available to draw
₹1,80,000
of ₹7,00,000 usable now
Used
₹5,20,000
drawing power ₹7,00,000
Market can fall
33%
before a margin call · as of 20 Oct
Rate a year
10.75%
11.30% compounded
74.3% of the limit used₹1,80,000 available
Kaveri Smart LAS from Kaveri Finance Ltd with a ₹10,00,000 limit at 10.75% a year. Interest runs only on what's used, from the day it's used; the pledged holdings must keep covering it, or the lender asks for more. ₹5,20,000 is used now.
Myra's most important observations
Six questions, answered
Tap an answer for the detail01Product identity
- ProductKaveri Smart LAS
- LenderKaveri Finance Ltd (NBFC)
- Sanctioned1 Feb 2026
- Account••••1183
- DocumentsSanction letter · Pledged securities statement
02What this is
Kaveri Smart LAS from Kaveri Finance Ltd with a ₹10,00,000 limit at 10.75% a year. Interest runs only on what's used, from the day it's used; the pledged holdings must keep covering it, or the lender asks for more. ₹5,20,000 is used now.
03Key numbers
Line in useRate a year
10.75%
11.30% compounded
Limit
₹7,00,000
Drawing power
Used
₹5,20,000
74.3% of the limit
Loan-to-value
47%
of ₹11,00,000 pledged
₹1 lakh for 30 days
₹884
Interest only on use
04Important findings
Most important first · tap to expand₹1,80,000 is still available. At 10.75%, what's used costs about ₹4,595 a month in interest. Keep some credits coming in: a line with no credits for 90 days, or credits that don't cover the interest, counts as out of order.
Pledge statement p.1, Account · Sanction p.1, Facility · Pledge statement p.1, Drawing power
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- Interest at 10.75% on what's used, charged monthly
- ₹2,359 a year in fees with GST, used or not
- Keep the pledged holdings above what's used, or add more when asked
- Keep credits coming in, so the account doesn't go out of order
06What can change
- RateAs the sanction letter states
- Value of the holdingsMoves with the market; a fall can trigger a margin call
- Loan-to-valueThe lender can lower it; RBI sets the most it may be
- RenewalDue 31 Jan 2027
07Closing the line
- Closing the lineNo charge stated; none if you tell the lender in advance that you won't renew.
- PledgeReleased once what's used is repaid; ask for the release in your depository account
- Credit reportCheck after about a month that it shows the line closed