Compare total interest, not only the EMI.
Loan Against Securities Calculator
Estimate borrowing against an eligible securities portfolio. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
Indicative available credit limit₹10.00 LUpdates instantly as you edit
LTV-based maximum eligibility₹12.50 L
Monthly interest on utilisation₹5,500
Stress-case margin shortfall₹0
Projection journeyHover to inspect a year
Interest is calculated only on the assumed utilised amount. A market fall can reduce collateral cover and may require repayment or additional security.
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Five smart nudges
Use the result with context.
Check the lender’s APR and key fact statement before signing.
A longer tenure lowers EMI but usually increases total interest.
Keep room in the monthly budget for rate resets and emergencies.
Include processing, legal, insurance and closure charges in the comparison.
Understanding Loan Against Securities in India
Editorially reviewed 12 July 2026 · Rules and assumptions can change
A fluctuating borrowing base
A loan against securities creates a credit limit against eligible pledged investments. Interest is often charged on utilised amount, not the full sanctioned limit, but fees and minimum charges may apply. The calculator separates portfolio value, LTV, requested limit and expected utilisation.
Eligibility and haircut differ by instrument and lender. RBI guidance and lender policy can cap exposures; do not assume every share, bond or fund is accepted at the input LTV.
Margin-call stress test
A ₹25 lakh eligible portfolio at 50% LTV initially supports ₹12.5 lakh. If markets fall 20%, collateral becomes ₹20 lakh and permitted borrowing at unchanged LTV becomes ₹10 lakh. Utilisation above that can trigger a margin call, extra collateral, repayment or lender sale.
Forced sale during a fall can crystallise losses and tax. Keep utilisation well below the maximum and maintain unpledged liquidity.
Cost and portfolio consequences
Compare interest on expected daily utilisation, pledge and de-pledge charges, renewal, processing, default rate and liquidation terms. A revolving facility can be efficient for short mismatches but expensive when continuously utilised.
Pledged securities still carry market and issuer risk, and corporate actions or eligibility changes can alter collateral. Borrowing to buy more of the same volatile asset compounds downside.
LAS checklist
Obtain the eligible-security list, haircut, maintenance margin, notice method, cure period and liquidation waterfall. Stress 20%, 30% and 40% declines and confirm a repayment source independent of the portfolio.
Monitor utilisation and collateral frequently, protect contact details for alerts and understand de-pledge timing. The calculator cannot predict lender liquidation.
Official sources used for this guide
- RBI — Key Facts Statement and all-in APR framework ↗
- SEBI Investor — financial education resources ↗
- RBI — lending against shares and securities guidance ↗
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
Loan Against Securities calculator FAQs
Is interest charged on the full limit?
Many facilities charge on utilisation, but fees and product terms differ; check the KFS.
What happens when collateral falls?
The lender may demand repayment or more collateral and can sell pledged assets under the agreement.
Are all securities eligible?
No. Lenders maintain approved lists and instrument-specific haircuts or caps.
Can I keep dividends?
Corporate-action treatment depends on pledge and product terms; verify operational details.
Why borrow below maximum LTV?
A buffer reduces the chance that normal market volatility triggers a margin call.