Do you need some urgent money and that too in large amount? Have you invested a considerable amount in Mutual funds? Congratulations! You may now be eligible to apply for a Loan against Mutual Funds and fund your multiple needs.
If you are bothered and wanted to know how the loan against mutual funds can help you, we are here to let you know more!
What is the loan against mutual funds?As the name clearly states, the loan is offered when you pledge your invested securities such as mutual funds. Depending on the value of your collateral, a lender decides a loan amount that can be awarded to you. The loan eligibility also gets decided on your CIBIL Score, income level, and repayment capacity and record.
If you are fit to avail the loan against mutual funds, you may get a large amount up to Rs.10 crore. You can apply for loan against mutual funds Bajaj Finserv online these days.
Vital reasons to apply for loan against mutual fundsMany banks and other lenders may offer you this kind of loan facility. But, applying for a loan amount from Bajaj Finserv has its own merits.
Have a look at some of the reasons that should convince you to apply for loan against mutual funds.
Reason 1 – A large amount up to Rs.10 croreThe loan against mutual funds facility won’t let you compromise on your wish to cover even the costliest of your wish. If you have the required eligibility, you can borrow up to Rs.10 crore at an affordable interest rate.
Reason 2 – Easier eligibility and minimal documentationAvailing the loan against mutual funds from Bajaj Finserv is easy. It is you only need to meet some basic eligibility criteria and submit only a few of your documents. Have a look the eligibility and documents:
☑ You should be an Indian citizen
☑ Your age must be 21 years on the day of the loan application
☑ You can either be a salaried professional or self-employed person having a regular source of income
☑ To avail the loan facility, the value of your invested mutual funds ought to be at least Rs.10 lakh.
☑ KYC documents
☑ Address proofs
☑ The documented proof of the investment in mutual funds
☑ Recent colour and passport size photograph
Reason 3 – Hassle-free application and quick disbursalYou can apply for a loan against mutual funds from Bajaj Finserv very easily. You can do that on the website of the lender and get quick approvals. Once approved, you can also get quick disbursal to help you access money for your needs.
Reason 4 – Flexi loan facilityWith the incredible flexible loan facility, you can easily borrow an amount as per your needs from your sanctioned limit as many times as needed. The best part about it is that you only need to pay the interest as EMI on the utilized amount and nothing else. You have the freedom to settle the rest of the money after the end of the tenor.
Reason 5 – Zero prepayment and foreclosure chargesYou can make some prepayments and even foreclose the loan before the scheduled tenor without paying any charges to the lender.
The loan against mutual funds is a vital funding option to help you cover your diverse financial requirements. You can apply for loan against mutual funds after comparing all deals online and get the best interest rate.
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