Tds- 194a interest other than interest on securities

194A require deduct TDS on interest. indi or huf is also liable to deduct tds if they are having tax audit in previous year. my question is this that assessee having tax audit in last year but assessee taken loan in personal saving bank account and utilised it other than business i.e. he had given loan to another person or invest in stock market. in that case, whether assessee is required to deduct TDS under 194A .