InvestorQ : How much will taking a loan against shares/securities (LAS) cost me?
Ashoka Patkar made post

How much will taking a loan against shares/securities (LAS) cost me?

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Tarun Madaan answered.
3 years ago
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A borrower will be charged a nominal processing fee.

The loan’s interest amount will be charged only on the amount that you withdraw from your overdraft facility and for the timeframe that you draw it for.

Additionally, although the interest will be charged on a daily basis, it will be debited from your account only once a month.

Please note that the interest rates, processing fees, and certain other terms and conditions vary from one lender to another. So do your research very carefully before singing any loan documents.

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