Futurise Fintech Consultancy Pvt. Ltd.

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+91 8858478799

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08858478799

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futurerisefintech@gmail.com

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Office No. 205, Shanti Sadan, Lokhandwala Circle,
Andheri (W), Mumbai - 400053

Have any doubts?

Frequently asked questions

What is loan against Mutual Funds?

Loan against mutual funds (LAMF) allows you to borrow cash against your mutual fund investments as collateral. You can use Volt Money to lien mark your mutual funds digitally to avail an instant limit without losing the ownership of your mutual funds and all the associated benefits with it. Funds will be made available in the form of a credit line. You can utilize the required amount and repay anytime without any prepayment charges. Interest is charged only on the utilized amount and for the duration the funds are utilized. You can select from a list of 4500+ approved mutual funds from different asset management companies (AMCs) in India. You can lien mark mutual funds registered with both CAMS & KFintech, Registrars & Transfer Agents (RTAs). We recommend digital loan against mutual funds to meet any of your financial requirements like travel, gadget purchase, balance transfer for your high interest loans, medical emergency.

  • To be eligible for loan against mutual funds with Volt Money, you should be between 18 and 65 years of age.
  • Your entire mutual fund portfolio eligible for loan against mutual funds, should not be less than ₹50,000.
  • Loan against mutual funds is available for mutual funds approved with CAMS & Kfintech (RTAs). Debt & ELSS funds (units held greater than 3 years) are also eligible for loan against mutual funds.
  • Loan against mutual funds is also available for joint holdings with AS / ES (anyone survivor / either or survivor) mode of holding.
  • To avail loan against mutual funds, you should be an Indian resident.
  • There is no minimum credit score and income requirement for loan against mutual funds.

You can choose to set up a credit line amount ranging from Rs. 25,000 to Rs. 1 crore for loan against mutual funds with Futurise Money.
Yes! You read it right, you can avail a credit line up to Rs.1 crore digitally in 5 minutes.

Yes, you have the freedom to choose when you want to repay. The loan against mutual funds credit line facility provides 100% flexibility for principal repayment in. After the month ends, only the interest needs to be repaid.
 
No, you do not have to pay interest on the complete line amount for a loan against mutual funds. Volt Money provides complete flexibility for the customer, and interest is only charged on the amount used. Interest is calculated daily based on the loan outstanding at the end of each day. Let’s look at a couple of scenarios to explain:
  • If the loan amount at the end of the day is zero, no interest will be charged for that day.
  • If an amount is withdrawn, used, and repaid within 10 days, you will only be charged interest for the 10 days of utilization.