Why Liquidate your Mutual Funds When You Can Borrow Against Them?
No Credit Checks, No Selling Investments
No Selling Required
Cash in your account within 15 minutes
No Credit score checks or paperwork
Interest starting at 10.49% p.a
Monthly Interest rate <1% on the money used.
No exorbitant EMIs, with interest-only repayments.
Flexible tenure with no foreclosure charges.
100% eligibility with no credit score check.
Credit line available for 6000+ schemes.
Cash within 15 minutes, with no paperwork.
Minimum loan amount
Hidden charges With Low Processing fee
Loan limit based on portfolio
Minimum portfolio value
Get a personalised offer based on your investments.
Apply for a loan and pledge mutual funds of your choice.
Complete KYC verification and enter bank details.
Sign the loan agreement. Congratulations! your loan is sanctioned.
As the name “loan against mutual funds” suggests, you will be able to avail a loan by pledging your Mutual Fund units. This is somewhat similar to other loan-against-assets products, except that the entire process is digital, and you continue to own the MF units with minimal restrictions placed.
The process takes less than 30 minutes. In some cases, if the loan amount is beyond a threshold, it could take one or two business days, as they would require additional approval as per the regulation.
No, you will continue to own your mutual fund units. They will continue to accrue gains as per the market. However, you will not be able to sell those units which you have pledged.
The only restriction is that you will not be able to sell the pledged units. Other than that, you continue to own the MF units and enjoy the gains as per the market changes.