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Loan against mutual funds
Eligibility criteria for loan applicants
Eligibility criteria for loan applicants
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Written by Paramita
Updated over a week ago

Which mutual funds are accepted for availing a loan against mutual funds?

There are over 6000+ approved mutual fund schemes in equity, debt & hybrid category. You may access the list here

Funds pertaining to which AMCs can be pledged to avail a loan against mutual funds?

All AMCs are eligible. You may access the list of approved schemes of each AMC [here](https://assets.smallcase.com/gateway/las/bfl-approved-mf.pdf)

Can I avail loan against mutual funds held in demat form?

Not yet, we do not allow loan against mutual funds which are held in demat form yet. We will soon add support for it. Currently, the funds must be held in non-demat or Statement of Account (SOA) form and that which are available for pledge.

What are the minimum and maximum required age for availing a loan against mutual fund?

You should be between 18 years to 70 years of age.

Can I avail loan against mutual funds which have joint account holders?

Yes, you can avail loan against mutual funds which are held by joint holders. However, as a part of the loan application journey, a co-borrower form has to be signed physically, and the same has to be sent to the lender's office for record-keeping purposes. We are working with a lender for a digital process in such a scenario.

Note that if such funds with joint holders are pledged, and you later wish to not proceed with the loan due to a co-borrower case, the processing fee will be applicable for loan cancellation.

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