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
How the interest works
Sanction p.1, Interest10.75% a year
Only on what's used, from the day it's used: ₹1 lakh for 30 days costs about ₹884. Debited monthly, so 11.30% a year compounded if left unpaid.
Fees and charges
Sanction letter- Processing fee₹2,499 + GST
- Renewal fee₹1,999 + GST each renewal
- Closing the lineNo charge stated; none if you tell the lender in advance that you won't renew.
Pledged holdingsas valued on 20 Oct 2026
Pledge statement p.1 · Sanction p.2, Margin| Type | Value | Loan-to-value | Supports |
|---|---|---|---|
| Shares | ₹6,40,000 | 60% | ₹3,84,000 |
| Equity funds and ETFs | ₹2,60,000 | 60% | ₹1,56,000 |
| Debt funds | ₹2,00,000 | 80% | ₹1,60,000 |
| Total | ₹11,00,000 | 47% used | ₹7,00,000 |
Where the documents don't state a loan-to-value, Myra uses RBI's limit for this lender type, or a typical 50% on equity and 75% on debt. Only these totals are kept; the list of holdings isn't.
Extracted terms
Each term keeps its source. What's used and the interest charged are on the Usage & Charges tab.
| Term | Value | Source | Status |
|---|---|---|---|
| Product name | Kaveri Smart LAS | Sanction p.1 | Verified |
| Reference number | ••••1183 | Sanction p.1 | Verified |
| Kind of credit line | Against shares, funds or bonds | Sanction p.1 | Verified |
| Lender type | NBFC | Sanction p.1 | Verified |
| Sanctioned limit | ₹10,00,000 | Sanction p.1, Facility | Verified |
| Drawing power | ₹7,00,000 | Pledge statement p.1, Drawing power | Verified |
| Sanctioned or renewed on | 1 Feb 2026 | Sanction p.1 | Verified |
| Limit valid till | 31 Jan 2027 | Sanction p.1 | Verified |
| Interest rate, a year | 10.75% | Sanction p.1, Interest | Verified |
| Interest charged | monthly | Sanction p.1 | Verified |
| Fixed or floating rate | fixed | Sanction p.1 | Verified |
| Processing fee | ₹2,499 | Sanction p.1, Charges | Verified |
| Renewal fee | ₹1,999 | Sanction p.1, Charges | Verified |
| Loan-to-value on shares | 60.00% | Sanction p.2, Margin | Verified |
| Loan-to-value on equity funds | 60.00% | Sanction p.2, Margin | Verified |
| Loan-to-value on debt funds | 80.00% | Sanction p.2, Margin | Verified |
| Days to meet a margin call | 7 | Sanction p.2, Margin call | Verified |