Mutual Fund required
Loans against mutual funds have become a popular option for people who need quick access to funds without having to sell their mutual fund investments. Get LAMF within minutes with less documentation where CIBIL Score is not the barrier to getting financial aid. This type of loan allows you to borrow money against the value of your mutual fund units.
A person must have mutual funds which are eligible for the investment portfolio. The Portfolio can be irrespective of online and offline trading platforms or methods. Mutual funds serve as collateral for the loan. Based on the Portfolio value, the loan amount is determined. The best part is- there is no paperwork, or CIBIL check and it is 100% digital.
To avail of the Loan Against Mutual Funds you should have passed the following eligibility criteria and documentation.
1. Citizenship : A borrower must be an Indian Citizen
2. Age: The age of the borrower should be between 18-65 years
3. CIBIL Score: No requirement for the CIBIL Score
Documents required for Loan Against Mutual Funds
1. Loan Agreement Signing
2. KYC Documents
3. MANDATE (auto-debit)
We have simplifies the process, by making it 100% digital. With simple 3 steps:
1. Signup on the website and create your profile.
2. Fetch Portfolio
3. Pledge your holding and proceed with signing loan agreement.
4. Get your loan approved with lowest interest rates within minutes.
Check the interest rate and charges for taking loan against mutual funds from 50fin.
|Topic||Interest rate and charges|
|Loan Against Mutual Funds (Interest rate)||11% P.A.|
|Processing Fee||999+ GST (to be deducted from loan amount)|
Loan Against Mutual Funds is the financial aid in which the mutual funds acts as the collateral. You can avail of the Loan Against Mutual Funds from 50fin within minutes.
A borrower needs to have a mutual fund.
The maximum amount that you can get as a loan against mutual funds depends on the value of your mutual fund units. Different mutual fund companies have different loan-to-value (LTV) ratios, which determine the maximum loan amount.
The interest rate for the loan against mutual funds starts from 1%.
Yes, Loan against mutual funds is a secured loan as the mutual funds act as the collateral.
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