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
Prefilled from your line · edit freely
Using the line · what it costs
Prefilled from The line's rate
₹1,00,000
30 days
10.75%
Using ₹1,00,000 for 30 days
₹884₹29 a day
If it stayed used for a year
₹10,750before compounding
Assumptions & limits. Interest at 10.75% a year ÷ 365 a day, only on the amount used and only for the days it's used (actual / 365). The lender debits it monthly; unpaid interest then earns interest too. The line's fees (₹2,359 a year with GST) apply whether or not it's used.