Funds India Introduces Loan Facility Against Mutual Funds and Shares

Loan facility against mutual funds and shares

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Mirae Asset Financial Services (India) offers loans to investors who have invested in mutual funds and selected shares through the platform

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Collateral for the loans can be in the form of fund units offered by various asset management companies through Cams and Kefintech registrar and transfer agents

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Borrowers with a CDSL demat account can use approved shares held as collateral to obtain a loan

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The loan is available at a 9% annual interest rate, and the shares and mutual fund units act as collateral

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This loan facility is beneficial for those who require cash without having to liquidate their long-term investments

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These loans are fully digital in nature

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This loan facility against mutual funds and shares offers flexibility and liquidity to investors while allowing them to continue pursuing their financial objectives

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Loans against fixed deposits a secure borrowing option

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