Simplify Your Life, Get Your Loan Against Mutual Funds Funded Quickly.
Lunexa Solutions makes the Loan Against Mutual Funds process faster, easier, and borrower-friendly, offering seamless documentation, quick approvals, and competitive interest rates
- Starting from ₹50,000: The minimum loan amount starts at as low as ₹50,000, catering to the diverse financial needs of individuals, including smaller, short-term requirements.
- Maximum Amount: Depending on the type of Mutual Fund, there are many digital loan options for Mutual Funds, borrowers can access substantial loan amounts, with a maximum of ₹20 lakh against Equity Mutual Funds and up to ₹1 crore against Debt Mutual Funds, allowing for significant financial flexibility and accessibility.
- No EMI: Unlike traditional loans with fixed EMIs, this loan allows you to repay the borrowed amount at your own pace, providing flexibility and easing financial pressure.
- Interest on Usage: Interest is charged only on the amount utilised from the loan, saving borrowers from unnecessary interest payments on the unused portion, thereby promoting cost-effectiveness
Eligibility Criteria
- Bank Savings Bank Account with mode of operation as Single.
- NetBanking User ID and password.
- Mutual Funds holding with CAMS as Transfer agent (List of Asset Management Company is given below).
- Aditya Birla Sun Life Mutual Fund
- DSP Blackrock Mutual Fund
- HDFC Mutual Fund
- HSBC Mutual Fund
- ICICI Prudential Mutual Fund
- IDFC Mutual Fund
.
- 100% Digital: The entire loan process is conducted digitally, eliminating the need for cumbersome paperwork and lengthy approval times, ensuring a convenient and hassle-free experience for borrowers.
- Keep your Funds: With Digital Loan Against Mutual Funds, there's no requirement to sell your Mutual Funds, allowing you to retain your investment portfolio intact.
- High LTV Ratio: For Debt Mutual Funds, a high Loan to Value ratio is offered, providing borrowers access to a larger loan amount compared to the value of their Mutual Fund holdings.
Frequently Asked Questions
Frequently Asked Questions
Benefits
- No need to sell Mutual Funds
- Completely digital process
- No EMI, pay at your own pace
- Interest only on utilized amount
- High Loan to value in case of debt Mutual Funds
- Minimum loan amount is as low as Rs 50,000
- Maximum loan amount
- Against Equity Mutual Fund: Rs. 20 Lakh
- Against Debt Mutual Funds: Rs 1 crore
Eligibility
- Bank Savings Bank Account with mode of operation as Single.
- NetBanking User ID and password.
- Mutual Funds holding with CAMS as Transfer agent (List of Asset Management Company is given below).
- Aditya Birla Sun Life Mutual Fund
- DSP Blackrock Mutual Fund
- HDFC Mutual Fund
- HSBC Mutual Fund
- ICICI Prudential Mutual Fund
- IDFC Mutual Fund
Loan Details
- Processing fee (New & Enhancement): Up to 0.5% of limit (Min of ₹500/- & Max of ₹1,500/-) Enhancement cases - ₹500/-
- Stamp duty and other statutory charges: As per applicable laws of the state
