Get Instant Loan Against Mutual Funds
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What is Loan Against Mutual Funds?
A Mutual Fund investor can pledge his existing mutual funds units as a security to lenders such as banks and non-banking financial companies to borrow money against the existing units.
Key Advantages
i. Mark A Lien On Your Mutual Funds Units
ii. Loan On Low Cibil Score
iii. Pay Interest Only On The Used Loan Amount
iv. CAMS Mutual funds Units Are Funded
v. No Credit Check
vi. Loan For Personal Needs
vii. Minimum Documents Required
viii. Mutual Fund Units Can Be Held In Individual Or Joint Name
Our Legacy in Numbers
A loan against mutual funds is a secured financial solution where you use your mutual fund units as collateral to borrow funds. With this facility, you don’t need to redeem your mutual funds to access cash. Instead, your investments remain intact and continue earning potential returns, even as they are pledged with the lender.
The lender holds these mutual fund units as security until the loan is repaid. While you cannot sell or redeem the pledged units during this period, you can unlock up to 50% of the value of your equity mutual fund portfolio.
The value of your mutual fund portfolio is calculated based on the Net Asset Value (NAV) of your mutual fund schemes. This is done by multiplying the number of units in each scheme by its respective NAV, and the total value is used to determine the eligible loan amount.
This mutual fund loan option offers flexibility and ensures you can meet your financial needs without disturbing your long-term investment goals.
List of Documents Required for Loan Against Securities
Online Journey
- PAN & Aadhaar Card details
- Mobile No. linked to Aadhaar card
Offline Journey
- PAN CARD
- ID : Aadhaar Card / Passport / Driving Licence/ Voter ID
- ADDRESS : Aadhaar Card / Passport / Driving Licence/ Voter ID
- SIGNATURE : Pan card / Passport / Banker sign verification
- ID : Aadhaar Card / Passport / Driving Licence/ Voter ID
- ADDRESS : Aadhaar Card / Passport / Driving Licence/ Voter ID
- SIGNATURE : Pan card / Passport / Banker sign verification
Any two of Following (Should contian address on the documents)
- Registration Certificate
- Certificate/ license issued by the Municipal authorities under Shop & Establishment Act
- CST/VAT/GST Certificates
- Complete Income Tax Return in the name of the sole proprietor with Firm Income
- Sales and Income tax returns
- ID : Aadhaar Card / Passport / Driving Licence/ Voter ID
- ADDRESS : Aadhaar Card / Passport / Driving Licence/ Voter ID
- SIGNATURE : Pan card / Passport / Banker sign verification
- Partnership Deed
- Registration Certificate (only in case of registered Partnership Firms)
- PAN of the partnership firm
- LLP Resolution (if LLP)
- Authority Letter from Partners
- ID : Aadhaar Card / Passport / Driving Licence/ Voter ID
- ADDRESS : Aadhaar Card / Passport / Driving Licence/ Voter ID
- SIGNATURE : Pan card / Passport / Banker sign verification
- Certificate of Incorporation
- Memorandum & Articles of Association
- PAN of the Company
- Board Resolution
- ID : Aadhaar Card / Passport / Driving Licence/ Voter ID
- ADDRESS : Aadhaar Card / Passport / Driving Licence/ Voter ID
- SIGNATURE : Pan card / Passport / Banker sign verification
- Registration Certificate
- Trust Deed
- PANCARD of Trust
- Trust Resolution
- ID : Aadhaar Card / Passport / Driving Licence/ Voter ID
- ADDRESS : Aadhaar Card / Passport / Driving Licence/ Voter ID ;
- SIGNATURE : Pan card / Passport / Banker sign verification
- Hindu Undivided Family Letter (Annexure 2) signed by All Co-parceners
- PAN Card of HUF
- Bank Statement of HUF as a Address Proof
- CA Certified Letter confirming all Co-parceners
- HUF Authorisation letter signed by All Co-Parceners