Mirae Asset Fin: Secured Loans

Looking to manage expenses without selling your investment? Mirae Asset Financial Services offers quick and convenient secured loans against mutual funds and shares in just 15 minutes through a fully digital process.

Loans against mutual funds and shares are provided as an overdraft facility, with interest charged only on the amount and days utilized. There are no charges for prepayment or foreclosure of the loan.

With these loans, you get flexible repayment terms, making interest-only monthly payments and allowing repayment of the principal amount at your convenience during the loan tenure.

Customers can avail loans ranging from Rs 10,000 to Rs 1 crore for equity mutual funds and shares, and up to Rs 3 crores for debt mutual funds. Approved securities include mutual funds across various AMCs registered with CAMS & KFintech, as well as shares held in demat with NSDL.

The features and benefits of loans against mutual funds and shares include:

• Get Loan Limit in Just 15 Mins*
• 100% Digital Process
• Instant Disbursal
• Attractive Interest Rate: 9.5% p.a.
• Easy Repayment: Interest-only monthly payments
• No Prepayment or Foreclosure charges
• Large list of approved securities
• Loan Value: From Rs 10,000 up to Rs 3 Cr
• Fixed Processing Fee: Irrespective of loan amount

*Loan Against Mutual Funds in 15 minutes and Loan Against Shares on the same day.

By pledging investments as collateral instead of selling them, you can generate liquidity while retaining ownership and benefits. A loan against mutual funds and shares safeguards your investments from unplanned expenses.

The simple steps involved are:

1. Download & register with Mirae Asset Financial Services
2. Select the type of loan that suits your requirements
3. Complete a one-time KYC verification process
4. Select & pledge securities, whether mutual funds or shares
5. Verify your bank account through a secure E-NACH process
6. Sign the loan agreement to complete the process
No branch visits or physical paperwork are required for your loan account to be ready. Loan Against Securities Details: Annual Interest Rate = 9.5% Maximum Annual Percentage Rate (APR) = 26.3% Tenure = 12 Months Processing Fee = ₹999 + GST Stamp Duty = ₹500 In an example of a loan against securities where the principal amount is ₹80,000 with an annual interest rate of 9.5%, the monthly interest payment over 12 months is calculated at ₹634 per month. The total repayment amount is ₹87,200 (principal and interest), with additional charges for processing fees and stamp duty. Mirae Asset Financial Services (India) Pvt. Ltd. is a licensed Non-Banking Financial Company (NBFC) regulated by the Reserve Bank of India, providing peace of mind and trust in its services. Experience a seamless and secure loan process with Mirae Asset Financial Services. Visit their website today to begin and access the necessary funds to achieve your financial goals! Website: Mirae Asset Financial ServicesPrivacy Policy: Privacy Policy