We’ve made some changes to Zerodha Capital’s loan products, effective September 1, 2025.
- Loan tenure is now 3 years (increased from 1 year)
- Maximum loan amount has been increased from ₹1 crore to ₹10 crore.
- Interest rate is slab-wise. The applicable interest rate depends on the loan amount you avail. Here are the current slabs:
| Loan Amount | Interest Rate (per annum) |
|---|---|
| ₹25,000 - ₹50 lakh | 11.00% |
| ₹50 lakh - ₹1 crore | 10.75% |
| ₹1 crore - ₹5 crore | 10.50% |
| ₹5 crore - ₹10 crore | 10.00% |
Taking a top-up loan or making a repayment will not change the interest rate slabs. The interest rate slab initially considered will remain the same during the 3-year tenure.
When lending to businesses through NBFCs, liquidity is crucial for managing borrowed funds. Most lenders require repayment within specific timeframes with interest.
Previously, we primarily borrowed funds for one-year terms, which limited us to offering maximum one-year tenures to customers. Extending beyond this would have created an asset-liability mismatch (ALM).
Now, having grown our loan book size and established stronger credibility, lenders are providing us with 3-year loans. This change was driven by numerous customer requests for longer tenures, particularly for larger loan amounts. As a result, we’ve introduced 3-year tenure options.