How much loan can I get?
The loan amount depends on the value of the mutual funds you will keep as collateral. You can avail a loan against mutual funds from ₹25,000 to ₹5,00,00,000.
What is the tenure of the loan against mutual funds?
The tenure of the loan is upto 36 months. During this tenure, you can do part-prepayment or foreclosure of the loan without any charges.
What will be the interest rate?
The interest rate of 10.75% p.a. is applicable only on the outstanding principal. No interest rate is charged for the repaid principal amount.