Looking to manage expenses without selling your investment? Look no further! Mirae Asset Financial Services is here to provide you with a quick and convenient secured loan against mutual funds and shares in just 15 minutes* via 100% digital process.
Loan against mutual funds and shares is made available as an overdraft facility and you are charged interest only on the amount utilized and for the number of days utilized from the sanctioned limit. There is no charge levied on prepayment or foreclosure of the loan account.
With loan against mutual funds and shares you get a flexible repayment term with interest only monthly payments where you can repay the principal amount anytime during the loan tenure as per your convenience.
You can avail the minimum amount is Rs 10,000/- and the maximum can go up to Rs 1 crore for equity mutual funds & shares and up to Rs. 3 crores for debt mutual funds. Select from a large list of approved securities. Lien mark mutual funds across different AMCs registered with both CAMS & KFintech and pledge shares held in demat with NSDL.
Features & Benefits for loan against mutual funds and shares:
- Get Loan Limit in Just 15 Mins*
- 100% Digital Process
- Instant Disbursal: Get money directly in your bank account
- Attractive Interest Rate: 9% p.a.
- Easy Repayment: Interest only monthly payments
- Zero Prepayment & Foreclosure charges
- Large list of approved securities
- Loan Value: From Rs 10,000 up to Rs 3 Cr
- Fix Processing Fee: Irrespective of loan amount
Generate liquidity without selling your investments, instead pledge them as collateral while still retaining ownership and all the associated benefits with it. A loan against mutual funds and shares protects your investments from unplanned/short-term expenses. Just follow simple steps to avail.
Here's a breakdown of the simple steps involved:
1. Download & register with Mirae Asset Financial Services
2. Select type of loan that suits your requirements
3. Complete one time KYC verification process
4. Select & pledge securities, whether they are mutual funds or shares
5. Verify your bank account through a secure E-NACH process
6. Sign the loan agreement to complete the process.
Your loan account is ready. All this without any branch visits and physical paperwork.
Loan Against Securities Details
• Annual Interest Rate (APR) = 9%
• Maximum Annual Percentage Rate (APR) = 24%
• Tenure = 12 Months
• Minimum Period = 12 Months
• Maximum Period = 12 Months
• Processing Fee = ₹999 + GST
• Stamp Duty = ₹500
To illustrate the benefits, let's consider an example of a loan against securities:
• Principal Amount = ₹80,000
• Annual Interest Rate (APR) = 9%
• Tenure = 12 Months
• Interest payable= (₹80,000 x 9%) / 12 Months = ₹600 per month (Principal amt need to be repaid at the end of loan tenure )
• Processing Fee = ₹999 + GST
• Stamp Duty = ₹500
• Total Loan Repayment Amount = ₹87,200* (including principal and interest)
• Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹7200 + ₹999 + ₹500 = ₹8,699
If a customer takes a loan of ₹80,000 for a period of 12 months, at an annual interest rate of 9% APR, then the customer will pay monthly interest for 12 months of ₹600 per month.
The total loan payment over 12 months will be ₹87,200* (including principal and interest). A processing fee of ₹999 + GST & stamp duty of ₹500 will be charged.
Mirae Asset Financial Services (India) Pvt. Ltd. is a licensed Non-Banking Financial Company (NBFC) regulated by the Reserve Bank of India, providing you with peace of mind and trust in our services.
Experience a seamless and secure loan process with Mirae Asset Financial Services. Visit our website today to get started and access the funds you need to fulfill your financial goals!
Website: https://www.miraeassetfin.com/ Privacy Policy: https://www.miraeassetfin.com/privacy-policy.html
Loan against mutual funds and shares is made available as an overdraft facility and you are charged interest only on the amount utilized and for the number of days utilized from the sanctioned limit. There is no charge levied on prepayment or foreclosure of the loan account.
With loan against mutual funds and shares you get a flexible repayment term with interest only monthly payments where you can repay the principal amount anytime during the loan tenure as per your convenience.
You can avail the minimum amount is Rs 10,000/- and the maximum can go up to Rs 1 crore for equity mutual funds & shares and up to Rs. 3 crores for debt mutual funds. Select from a large list of approved securities. Lien mark mutual funds across different AMCs registered with both CAMS & KFintech and pledge shares held in demat with NSDL.
Features & Benefits for loan against mutual funds and shares:
- Get Loan Limit in Just 15 Mins*
- 100% Digital Process
- Instant Disbursal: Get money directly in your bank account
- Attractive Interest Rate: 9% p.a.
- Easy Repayment: Interest only monthly payments
- Zero Prepayment & Foreclosure charges
- Large list of approved securities
- Loan Value: From Rs 10,000 up to Rs 3 Cr
- Fix Processing Fee: Irrespective of loan amount
Generate liquidity without selling your investments, instead pledge them as collateral while still retaining ownership and all the associated benefits with it. A loan against mutual funds and shares protects your investments from unplanned/short-term expenses. Just follow simple steps to avail.
Here's a breakdown of the simple steps involved:
1. Download & register with Mirae Asset Financial Services
2. Select type of loan that suits your requirements
3. Complete one time KYC verification process
4. Select & pledge securities, whether they are mutual funds or shares
5. Verify your bank account through a secure E-NACH process
6. Sign the loan agreement to complete the process.
Your loan account is ready. All this without any branch visits and physical paperwork.
Loan Against Securities Details
• Annual Interest Rate (APR) = 9%
• Maximum Annual Percentage Rate (APR) = 24%
• Tenure = 12 Months
• Minimum Period = 12 Months
• Maximum Period = 12 Months
• Processing Fee = ₹999 + GST
• Stamp Duty = ₹500
To illustrate the benefits, let's consider an example of a loan against securities:
• Principal Amount = ₹80,000
• Annual Interest Rate (APR) = 9%
• Tenure = 12 Months
• Interest payable= (₹80,000 x 9%) / 12 Months = ₹600 per month (Principal amt need to be repaid at the end of loan tenure )
• Processing Fee = ₹999 + GST
• Stamp Duty = ₹500
• Total Loan Repayment Amount = ₹87,200* (including principal and interest)
• Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹7200 + ₹999 + ₹500 = ₹8,699
If a customer takes a loan of ₹80,000 for a period of 12 months, at an annual interest rate of 9% APR, then the customer will pay monthly interest for 12 months of ₹600 per month.
The total loan payment over 12 months will be ₹87,200* (including principal and interest). A processing fee of ₹999 + GST & stamp duty of ₹500 will be charged.
Mirae Asset Financial Services (India) Pvt. Ltd. is a licensed Non-Banking Financial Company (NBFC) regulated by the Reserve Bank of India, providing you with peace of mind and trust in our services.
Experience a seamless and secure loan process with Mirae Asset Financial Services. Visit our website today to get started and access the funds you need to fulfill your financial goals!
Website: https://www.miraeassetfin.com/ Privacy Policy: https://www.miraeassetfin.com/privacy-policy.html
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