What is the rate of interest charged on the loan amount?
The rate of interest varies from 12.75% to 33.75% depending on the documents submitted and the loan amount applied for by the customer. Interest is calculated by the reducing-interest rate method. In this method, interest is calculated only on the outstanding principal liability and not on the total borrowed amount.
Related Articles
From when are the new MarginPlus (funding at 5paisa) interest rate changes applicable?
The Update in interest rates for MarginPlus will be effective from 1st October 2022. If you have any open MTF positions as on 1st October 2022, the interest charged on all your MTF positions from that day onwards will be according to the new rates ...
What are the changes in interest rates in Margin plus (funding at 5paisa)?
We’re thrilled to announce that you can now start trading with leverage at a reduced interest rate. MarginPlus is the most preferred feature that helps every trader/investor to meet their cash margin requirements in all segments, and avail of ...
How are the interest rates calculated in Margin Plus (funding at 5paisa)?
Below are a few examples to illustrate how interest will be calculated Cash Segment Example 1: Suppose you have Stocks worth Rs.2Cr. In your Demat account, an available ledger balance of Rs.15Lac. Here your Networth will be Rs.2.15Cr. Stocks in Demat ...
FAQs on Personal Loans at 5paisa
1) How can I take a loan through 5paisa? You can avail loans facility through the 5Paisa web or mobile app by clicking on the loan's button under the user section. Website: www.5paisa.com → Products → Loans Mobile Application: www.5paisa.com → User ...
How auction rate penalty is calculated?
There are two scenarios while calculating the auction rate for the penalty. (i) Internal Auction- The logic for calculating penalty by 5paisa Capital Ltd. T+2 Closing Price + 7% or Highest Traded price between T and T+1 day whichever is higher. (ii) ...