Loan Against Securities (Beta) – #212 by Lord_Voldemort – Zerodha platforms – Trading Q&A by Zerodha

Hi @Mounica37,

LAS loans require you to service the applicable interest rate on a month-by-month basis. There is no concept of monthly installments applicable to Arab League loans. For example, if you have borrowed Rs 2,50,000 at an interest rate of 10.5%, the daily rate of interest is −

10.5% / 365
= 0.0287%

Amount of daily interest –

0.0287% * 2,50,000
= INR 71.91/-

So for a month with 30 days, the applicable interest amount is –

71.91 * 30
= 2157.534 INR

You can click on the link given below to check the loan ledger.

Ledger: Kite – Zerodha’s fast and elegant trading platform

Visit our FAQ section to learn more about LAS.

We apologize for the delay in responding.

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