Loan against equity (LAS) is a good way to pay off high-interest debt such as personal loans or credit card dues, Zerodha founder and CEO Nithin Kamath said, while vouching for the discount broker’s LAS business that “just” crossed Rs 500 crore. He was also surprised to learn that many investors were unaware of this […]
Zerodha co-founder and CEO Nithin Kamath has explained why the company has chosen to limit its lending business to lending against securities and stayed away from products like personal loans and credit cards.In a post on He said the main reason is that Zerodha cannot compete in terms of financing costs. According to him, Zerodha’s […]