Short answer: Both NBFCs lend large amounts against shares and funds. Bajaj Finance publishes the widest range (7% to 12.25%), up to 90% LTV on some funds and tenures from 7 days. Tata Capital charges 9.5% to 14%, accepts bonds and ETFs, but its yearly renewal fee of up to 3% applies even if unused.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
Bajaj Finance LAS vs Tata Capital LAS at a glance
| Bajaj Finance LAS | Tata Capital LAS | |
|---|---|---|
| Type | RBI-registered NBFC (Upper layer) | RBI-registered NBFC (Upper layer) |
| Products | Loan Against Shares; Loan Against Mutual Funds | Loan Against Securities |
| Securities accepted | 1,000+ approved shares; 5,000+ mutual fund schemes from 40+ AMCs | Approved shares, mutual funds, ETFs, bonds (no Tata Group shares) |
| Loan amount | Up to ₹50 crore; minimum portfolio ₹50,000 | ₹25,000 to ₹5 crore digitally; up to ₹60 crore offline |
| Loan-to-value (LTV) | Shares up to 50%; mutual funds up to 90% depending on type | Up to 70% of security value (FAQ says 50% for shares and funds) |
| Interest rate | 7% to 12.25% a year | 9.5% to 14% a year |
| Processing fee | Up to 4.72% including taxes | Up to 3% + GST |
| Other charges | Annual renewal up to 1.18%; pledge and lien charges; foreclosure nil for individuals on floating rate | Annual renewal up to 3%, even if unused; zero foreclosure |
| Tenure | 7 days to 36 months | Up to 72 months (typically 1 year, renewed) |
| How it works | Revolving limit; interest on what you use | Overdraft or hybrid term loan; interest on what you use |
| Digital process | Yes; CAMS and KFintech fetch with OTP | Yes; 24 to 48 hours |
| Who can apply | Age 21 to 90; salaried or self-employed | Age 18 to 70; individuals and businesses |
| Also worth knowing | Highest limits; Shortest tenure from 7 days | Accepts bonds and ETFs; Renewal fee applies even if unused |
RBI limits: banks can lend up to 60% against listed shares, 75% against equity funds and ETFs and 85% against debt funds and AAA bonds, with a ₹1 crore cap per person against shares and equity funds. NBFCs follow their own RBI rules (usually 50% on shares). Lenders can lend less. See our loan against shares and loan against mutual funds calculators.
What it costs to use ₹2 lakh for 6 months from a ₹5 lakh limit
We assumed a ₹5 lakh sanctioned limit, ₹2 lakh drawn for 6 months, interest paid monthly on the amount used, and the first-year processing fee (with GST where quoted before tax). Yearly renewal or maintenance charges, stamp duty and pledge charges are extra where they apply.
| Provider | Scenario | Rate a year | Interest | Fees | Total cost |
|---|---|---|---|---|---|
| Bajaj Finance LAS | Lowest rate, max fee | 7% | ₹7,000 | ₹23,600 | ₹30,600 |
| Bajaj Finance LAS | Highest rate, max fee | 12.25% | ₹12,250 | ₹23,600 | ₹35,850 |
| Tata Capital LAS | Lowest rate, max fee | 9.5% | ₹9,500 | ₹17,700 | ₹27,200 |
| Tata Capital LAS | Highest rate, max fee | 14% | ₹14,000 | ₹17,700 | ₹31,700 |
Key differences
- Rate: Bajaj 7% to 12.25%; Tata Capital 9.5% to 14%.
- Fees: Bajaj up to 4.72% including taxes; Tata Capital up to 3% + GST, plus up to 3% renewal.
- LTV: Bajaj funds up to 90%; Tata Capital up to 70% (FAQ says 50% for shares and funds).
- Limits: Bajaj up to ₹50 crore; Tata Capital up to ₹5 crore digital, ₹60 crore offline.
Which should you choose?
Bajaj Finance LAS may suit you if you want the lowest possible rate on a large portfolio or a very short tenure.
Tata Capital LAS may suit you if you want to pledge bonds or ETFs.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Check which of your holdings are on the lender’s approved list and the LTV for each type.
- Compare the processing fee on the whole limit and any yearly renewal fee, not just the rate.
- Keep a buffer: if markets fall, you may have to repay or pledge more within days, or the lender can sell your units.
- Use it for personal needs only. Lenders do not allow these loans to be used to buy shares or for speculation.
- Read the KFS: it must show the APR, every charge and how margin shortfalls are handled.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Are NBFC rates on LAS lower than banks?
Bajaj Finance’s lowest rate (7%) is below the banks we checked, but its maximum fee is higher. Large borrowers usually get the low end.
What is a margin call?
If the value of pledged securities falls, the lender asks you to add securities or repay part of the loan. Bajaj Finance gives 7 business days to fix a shortfall.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- Bajaj Finance loan against mutual funds
- Bajaj Finance loan against shares
- Bajaj Finance LAMF fees
- Tata Capital loan against securities
Read more: Bajaj Finance lender profile · Tata Capital lender profile · LAS and LAMF rates of 10 lenders · Loan against shares calculator · Loan against mutual funds calculator · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.