Services

Loan Against Securities

A safe alternative to get you through your financial emergencies

When faced with a financial emergency, you could be inclined to redeem your mutual fund holdings, but it isn’t advisable. Redeeming your long-term mutual fund holdings will derail your financial plan and hinder accomplishing your financial goals. This is where Loan Against Mutual Funds can come to the rescue when you’re in urgent need of money. You can avail of a Loan Against Mutual Funds almost instantly and the best part is, that you get to retain your mutual fund investments. Sounds interesting, doesn’t it?

What is a Loan Against Mutual Funds?
Basically, it is a type of loan against the securities you have that gives you the flexibility to access money in case of an emergency without having to redeem or sell your securities, in this case your mutual fund investments.

Loan Against Mutual Funds today are offered by numerous banks and Non-Banking Financial Companies (NBFCs) offline as well as online. It enables you to take advantage of your mutual fund investments by pledging them to the bank or NBFC to get a line of credit. The value of the loan you can obtain is offered based on the value of units held in your folio and the loan tenure.

Since the mutual fund units are offered as collateral, redeeming the units pledged is not permitted unless you repay the loan in full. In case, you have ongoing SIPs (Systematic Investment Plans), your ensuing SIPs are not interrupted in the process.

What are the benefits of availing a Loan Against Mutual Funds?

1. You don’t have to liquidate or redeem your mutual fund units, and hence the planning for your long-term financial goals is uninterrupted.
2. Your SIP instalments continue, thereby not getting in the way of wealth creation.
3. The loan can be availed either offline or online.
4. The application process is fairly simple compared to other loans.
5. Compared to other types of loans, the approval and disbursement process is quick.
6. It serves as a useful means of credit, particularly when you do not have a credit history.
7. The rate of interest charged on this type of loan is much lower than on a personal loan (an unsecured loan).
8. There is no system of EMIs; you can pay at your convenience during the loan tenure.
9. No charges are levied for prepayments.

In association with DhanLAP powered by Ark Neo Finance, we provide this facility, that helps you get Loan Against Mutual Funds within 15 minutes. All you have to do is sign-up for free, share your personal details (name, address, age, contact numbers etc.), submit your documents (a Consolidated Account Statement of your mutual fund portfolio), and choose the investments you wish to mark a lien on, check the terms & conditions, and you receive the money digitally. It is as simple as that; seamless and no tedious paperwork involved.

To apply for Loan against Mutual funds, please click on the link shared below or call/WhatsApp us on 9830859375
https://dhanlap.com/signup?client_id=55946738