ilmscore | Prediction Details
"This is like an overdraft means what? You can take the loan for that security. So basically what you do, you keep stocks, you keep mutual funds as your collateral. And you get a limit from them that you are eligible for XY Z rupees unless and until you actually withdraw that money. You will not be charged any interest. That is why I'm saying that this is like a credit line functionality. You will be charged interest only on the amount that you withdraw."
By CA Rachana Phadke Ranade | August 29, 2025 | Correct
From video
Ditch High Interest Debt! Get Loans Against Your Investments | CA Rachana Ranade 00:04:06 - 00:04:31
Interpreted Prediction
LAS/LAMF operates like a credit line, with interest charged only on the withdrawn amount, not the total sanctioned limit.
AI Evaluation Notes
The prediction that LAS/LAMF operates like a credit line with interest charged only on the withdrawn amount is accurate. This functionality is widely available across financial institutions offering LAS/LAMF.

Prediction Details

Topic
Loan Against Securities (LAS) and Loan Against Mutual Funds (LAMF) credit line functionality

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