I wish to apply but , everytime it showing “NBFC server is unavailable. Please try after some time”.
i am also facing the same problem
nbfc server not available try after some time
Getting this checked. Thanks for pointing this.
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Almost 1 week over…still same… by when do u expect it to be resolved?
Is the problem faced by all?.. or only foor some?
There were a few small fixes which were getting pushed, this is done. Request you to please t’row. Thanks.
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A really useful product. Thanks 
The bank only gives loan but Zerodha gives loan while the opportunity to wealth accumulation on the underlying assets continues. It will be helpful to compare the apparently low bank interest rate with Zerodha interest rate plus anticipated ROI during the loan period.
Still the same… nbfc server is not available… Please try after some time.
@Karthik , Is the 6th Point also applicable for Banks (Like for : Loans Taken via ICICI Direct, HDFC Sec ? ), If No, @nithin Can you pls allow 3 in 1 Account holders to take this loan against security online via IDFC First Bank. So that we don’t need to worry about the fluctuations in LTV value.
Thats right, LTV restriction is applicable to all lenders (banks and NBFC) lending against securities.
@Karthik Can you pls Confirm the below… Suppose My Securities value at the time of loan is 2,00,000 (2 Lakhs) and I have taken a loan amount of 1 Lakh. Now after a few days the value of the securities decreased from 2 Lakhs to 1,10,000 (1 Lakh 10 Thousand) , In this case, Do I need to Worry about LTV OR No need to worry ? What happens when the value is at 1,10,000 (1 Lakh 10 Thousand Rupees) ?
Can I get the Loan which I can repay it as EMI. I ge benefit of liquidity use and reducing interest rates. Let me now because rest all works well
Hi Zerodha,
only trader do avail such facilities and being trader pledge and mtm both does not work.
only overdraft or loan is a viable option.
I am an equity positional trader hence pledging securities does not workout for me.
rather an over draft facility against my entire portfolio does better suite me and I believe being an NBFC you can for sure give me an overdraft facility or even personal loan
Is it possible that I have a 50 Lakh account value and you can give me a 20% loan/overdraft of its initial value
(amount should be fixed, not the mtm otherwise it beat the purpose if i have to cut my position when market dips 50%)
for a portfolio of 50Lakh even if market crashes like 2008 and 2020 then it would fall 50% yo 25Lakh and it is ok if you give me half of it say 10Lakh limit only (20% of total) but it should be fixed so that i can count on it.
Thanks, Please consider this.
Can the capital from loan against securites be deployed in share market like F&O trading and the interest payment be offset as expense from the profit?
This will be an issue. Let me explain -
Value of Securities at the time of pledge = 2L
Loan given post 55% haircut = 90K
LTV at the time of giving the loan = 90K/2L = 45%
Please note, we keep an extra 5% buffer to ensure we don’t trouble you with frequent LTV calls. RBI mandates that an LTV of 50% is always maintained. If the LTV increases (which means securities values go down), then we issue an LTV notice and you will have to either pledge more shares or add repay principle.
Assume the value of securities goes to 175000. New LTV is =
90k/1.75L
=51.42%
This will be an issue, under such a circumstance, we will send you an email asking you to make good for the LTV and give you a 5 day time to make good. However, if the LTV crosses 60%, we will ask you to act immediately and not wait for 5 days.
60% LTV translates to your securities value falling to 1.5L, which is the maximum threshold for the NBFC, which means we cant really wait for the value of securities to fall to 1.1L.
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LAS loans are short term loans (max of 1 year), and there is no concept of EMIs. You only pay the interest on a monthly basis and repay the principal whenever you can (but within a year).
For example, for a loan of 25K, 30 day interest due would be Rs.215.75/-
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As an NBFC we dont do unsecured loan, so personal loan is not possible with us.
No, unfortunately, we don’t have an overdraft facility. I know there are few NBFCs which does this, but they too require you to pledge your securities.
We can give you the loan against the securities, which you can avail for various purposes. Yes, you can use the funds for capital market operations. But personally, this is something that I’d never recommend.
No this cannot be done. You will have to make the repayments separately.
@Karthik
My PF is around 20L .
I want to avail loan of Rs8 Lakh by pledging shares but most of my shares are not in approved list…
Shall I wait some more time or is there any criteria for my scripts to be approved?
PF? Do you mean portfolio?
We provide loan only against the approved list, this list will be reviewed monthly. But there is no guarantee that the shares in your portfolio will get added to this list.