Loan Against Mutual Funds?
Any help Kindly Contact to +917020646038
What is Loan Against Mutual Funds?
Features & Benefits of Loan Against Mutual Funds
Get LAMF Limit Online Within Minutes
No need to wait for days. Complete 6 simple steps to get an overdraft limit against mutual funds within minutes using the MAFS mobile app. Your application will be processed instantly to provide you with a limit within minutes.
Zero Foreclosure Charges
No lock-in & no foreclosure charges if you decide to repay your outstanding’s early. You can make payment towards your outstanding amount anytime with zero foreclosure charges.
Instant Disbursal
MAFS provide access to funds whenever you need them. Get the required amount credited directly to your provided bank account on the same day.
Large List of Approved Securities
Select from a large list of approved mutual funds from different asset management companies (AMCs) in India. You can lien mark mutual funds registered with both CAMS & KFintech (earlier known as KARVY), Registrars & Transfer Agents (RTAs).
100% Digital Process
No need of visiting branches or reaching out to relationship managers. With the MAFS mobile app you can complete your entire journey online from your mobile device without any need of submitting physical documents.
Retain Ownership
Allow your mutual funds to achieve long-term goals. You continue to retain ownership of your mutual funds and reap all the benefits that are associated with it.
Attractive Interest Rate
Avail loan at an attractive Interest rate starting 10.5% p.a (on utilized amount) with flexi payment option. Unlike term loans, interest on LAMF is levied only on the amount you use and for the number of days you utilize.
Loan Tenure
The overdraft limit provided against your mutual funds has a tenure of 12 months and is renewed thereafter.
Higher Loan Value
One place for all your financial requirements. With MAFS you can get a higher limit up to Rs 1Cr in case of equity mutual funds (45% LTV) and up to Rs 3Cr in case of debt mutual funds (80% LTV).
Easy Repayment
Manage your funds with more flexibility. You are required to service the interest amount accrued as per utilization on a monthly basis.
How to Avail Loan Against Mutual Funds?
You can easily avail digital loan on mutual funds by following these 6 simple steps. It is recommended to have your PAN, Aadhaar card, and bank account information readily available during the application process for a seamless experience.
Any help Kindly Contact to +917020646038
Loan Against Mutual Funds Details & Charges
Our aim is to cater to your financial needs with utmost transparency and no hidden charges.
Maximum Loan Amount
| Loan Against Equity Mutual Funds ₹1,00,00,000 (45% LTV) | Loan Against Debt Mutual Funds ₹3,00,00,000 (80% LTV) |
Minimum Loan Amount
Minimum Loan Amount
Starts from Min ₹10,000
Minimum Loan Tenure
12 Months
& renewable thereafter
Processing Fees
₹999
+ taxes as applicable
| Stamp Duty | ₹500 |
| Foreclosure Charges | ZERO Foreclosure charges |
| Bounce Charges | ₹500 + taxes as applicable |
| Annual Renewal Charges | ₹999* |
| Bank Mandate Swap Charges | ₹500* |
| Top Up/Security withdrawal Charges | ₹500* |
| Security Invocation Charges | ₹2,000* (in case of default) |
| Collection Charges | ₹5,000* (in case of default) |
| Legal Charges | ₹5,000* (in case of default) |
| Annual Percentage Rate (APR) | 10.5% to 27.3% per annum (including fees) |
| Minimum Period | 12 Months |
| Maximum Period | 12 Months |
| Penal Charges | 15.00% P.A. + taxes on the overdue amount for the default period** |
| Minimum Withdrawal Amount | ₹1,000. However, there is no limit on the number of withdrawals. |
| Interest Rate | 10.5% p.a. (on utilized amount) Interest will be due on 1st working day of every month and the same will be debited on 3rd working day of every month from your Bank Account via NACH mandate. |
* Taxes as applicable
Loan Against Securities (Shares)
Loan Against Shares enables you to raise funds within a day by pledging your shares as collateral thus helping you retain the ownership of your portfolio while funding your short-term money needs. Currently, this facility is available only for shares held with NSDL.
100% Digital Process
0 Foreclosure Charges
Overdraft Facility
Large list of Approved Shares
Personal Loans (Salaried and Non-Salaried)
Personal Loan specially curated for salaried individuals to bridge the gap between your expenses and your budget. Complete the application without any branch visits or physical paperwork within minutes. Customize the repayment schedule and tenure as per your requirement with Flexible EMI options.
100% Digital Process
0 Foreclosure Charges^
Flexible Tenure Options
No Hidden Charges
