A loan against securities is a secured loan backed by your eligible stocks, mutual funds or bonds. Because it is a secured credit facility, it does not contribute to your credit card utilisation, which helps you maintain a healthier overall credit profile.
How your repayment behaviour is reported
Your repayment behaviour is reported to Credit Information Companies (CICs) on the 9th, 16th, 23rd and the last day of every month.
Timely repayment of your interest and loan obligations can help build a positive credit history and strengthen your creditworthiness over time. Equally, missed interest payments show up on your credit report, and a sustained default can lead to an SMA or NPA classification.