Loan Against Securities (LAS)
Avail loan against Equity Shares & Mutual Funds
Key Features:
- Provider for an urgent loan with bad credit in India
- Quick money on mutual funds as the loan is disbursed in 4 hours. If we delay, we’ll return 50% of your processing fee!
- Flexible loan ranges from Rs. 15,000 to Rs. 1,00,00,000 on your mutual funds
- Enjoy a loan size of up to 75% of your mutual fund unit value
- Very low EMI of only Rs. 1,333 for Rs. 1,00,000 loan amount, for example Pay interest only on the used amount
- Provider for an urgent loan with bad credit in India
- Fully digital with approval & disbursal same day
Eligibility
- Single mutual fund unit holders can borrow a loan
- Mutual funds units in CAMS, KFintech & in DEMAT can get lending too
- Loan value up to 65% of your shares
- All approved shares units in NSDL
- Loan size of up to 65% of your Bond unit value
- Single Bond unit holders can borrow a loan
- Maximum Loan Amount
- Loan Against Equity Mutual Funds: ₹ 1,00,00,000 (65% LTV)
- Loan Against Debt Mutual Funds: ₹ 1,00,00,000 (75% LTV)
- Loan Against Shares: ₹ 1,00,00,000 (Upto 50% LTV)
- Minimum Loan Amount: ₹ 15,000
Loan Structure:
- Loan Tenure: Upto 3 years (Renewable)
- Interest Rate Starting at 0.67%/month
- Fixed Processing Fees: 2% (of loan amount) or Rs.1,000 (whichever is higher) + GST
- Annual Renewal Charges: ₹ 999+GST
- Stamp Duty Charges= Zero
- Top Up/Security withdrawal Charges= Zero
- Foreclosure Charges= Zero
- Security Invocation Charges= Zero