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 ₹50,00,000.
What is the tenure of the loan against mutual funds?
The tenure of the loan is up to 36 months. The default tenure is one year, however, the loan will be auto-renewed by the lender at the end of each year.
What will be the interest rate?
The interest rate of 10.5% p.a. is applicable only on the outstanding principal. No interest rate is charged for the repaid principal amount.