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LAS - Loan Against Securities Calculator

Calculate Interest Payments for Equity and Debt Securities

 

The Loan Against Securities (LAS) Calculator helps estimate the interest payable on the utilised LAS amount for the duration it is used. Since LAS is an overdraft facility, the LAS Calculator allows you to calculate the interest based on your specific credit usage, helping you to understand your repayment obligations and manage your loan efficiently.

 

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About LAS - Loan Against Securities Calculator

What details are required to use a LAS calculator online?

Loan Amount

  • This is the estimated loan amount that can be offered based on the market value and types of securities you own and intend to provide as a collateral.
  • For example: If you own equity securities worth ₹ 1 lakh and you are offered 50% of the market value as a loan, then the loan amount you will be eligible for would be: Loan Amount= 50% of ₹ 1 lakh = ₹50,000

Rate of Interest

  • This varies in the case of equities and debt securities.

Amount or percentage of the loan to be utilised

  • You can enter the amount or percentage of the LAS Overdraft you intend to use. When you enter either value, the other will be auto-calculated for convenience.

Utilisation Period

  • The duration (typically in months) for which you plan to use the credit facility.

How to use the ICICI Bank Loan Against Securities Calculator?
  • Select the type of security against which you want to borrow
  • Enter the loan amount, rate of interest, amount or percentage to be utilised and the duration of the credit utilisation (in months) in the respective sections
  • You will get the interest amount for the period

LAS Calculator FAQs

What is an LAS Calculator? 

The Loan Against Securities Calculator is a tool that helps you estimate the interest on the LAS Overdraft offered based on the value of the debt or equity security. It enables you to take informed decisions based on your financial capacity and repayment plans.

How is the interest on Loan Against Securities calculated?  

To estimate the interest to be paid on the Loan Against Securities, use the ICICI Bank LAS Calculator. Enter the loan amount, rate of interest, amount or percentage to be utilised and the duration of the credit utilisation and the calculator will calculate the interest accordingly. 

What are the benefits of using the LAS calculator?

The benefits of using the LAS calculator are:

  • It helps in determining the optimal loan amount to borrow
  • It helps in understanding the repayment amount to manage your loan effectively.

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