Get Instant Loan Against Mutual Funds
A loan against mutual funds allows you to raise instant funds for your short-term liquidity requirements by keeping your mutual fund investments as collateral. With Geojit Online Credits Facility, you can avail of an instant loan against mutual funds from the convenience of your home or office. What’s more? You will continue to enjoy the ownership of your mutual funds and earn returns on them, but you cannot redeem your units till you have closed the loan.
You can avail the loan anytime, and the loan amount will be credited to your registered bank account within a few hours. You can repay your loan amount without incurring any pre-payment charges. The interest would be charged only on the amount utilised by you and for the loan duration.
Apply Online in 3 Simple Steps
Instant Disbursal of funds
Zero Foreclosure Charges
Approved Mutual Fund Schemes
Attractive Rate of Interest
High Loan Value
Easy Repayment
Retain the Ownership of Your Funds
Since we provide loans through a 100% digital process, you’re not required to submit any physical documents. You can upload the following required documents online:
- A copy of your PAN Card
- A copy of your masked Aadhaar Card
- Your bank account statements or passbook
- Proof of your income (ITR copy – Rs 10 lakhs & above loans)
- A latest passport-sized photograph
- You should be a resident Indian individual
- You should be holding mutual funds approved as per the policy with CAMS
- Your age should be between 18 and 80 years
- You should have a valid e-mail ID and mobile number
- You should have a valid bank account number and proof for the account to be linked
| Particulars | Regular Scheme | Premium Scheme | Festive Scheme |
|---|---|---|---|
| Margin | 55% | 55% | 55% |
| Minimum Loan Amount | ₹ 10,000 | ₹ 20,00,000 | ₹ 5,00,000 |
| Tenor | 1 Year, subject to annual review | 1 Year, subject to annual review | 6 Months, subject to annual review |
| Rate of Interest (Per Annum) | 11.49% | 10.99% | 10.99% |
| Processing Fee | 0.50% of the loan amount + GST | 0.50% of the loan amount + GST | 0.50% of the loan amount + GST |
| Lien Marking Charge | ₹ 500 per transaction (Irrespective of number of schemes or Units) + GST | ₹ 500 per transaction (Irrespective of number of schemes or Units) + GST | ₹ 500 per transaction (Irrespective of number of schemes or Units) + GST |
| Lien Revoking Charge | ₹ 150 per transaction + GST | ₹ 150 per transaction + GST | ₹ 150 per transaction + GST |
To understand the scheme better, let us consider an example:
Suppose a customer opts for a loan amount of Rs 1,00,000 for 12 months at an annual interest rate of 11.49% Annual Percentage Rate (APR). It implies that the customer will pay monthly interest of Rs 957.5 per month for 12 months which totals Rs 11,490. However, the total cost of the loan would include the interest amount, processing fee, and lien marking charge, i.e., Rs (11,490+590+590) = Rs 12,670.
You can avail of a Loan Against Mutual Funds by following three simple steps:
- Create an account and complete the Know Your Client (KYC) formalities
- Select your scheme and lien mark your Mutual Funds
- E-sign your loan agreement
For a smoother and hassle-free experience, we recommend you keep scanned copies of your PAN, photo, Aadhaar card, signature, and bank account proof ready before applying.
You will have complete flexibility when it comes to the repayment of your loan amount. You’re required to pay only the interest amount accrued as per the utilisation every month. You have the following options to repay your loan against mutual funds:
- Interest payment on the first working day of every month after taking the loan
- Pay only the interest amount every month and the principal as a lump sum
- Foreclose your loan without incurring any foreclosure charges
- Redeem your lien marked mutual funds to repay the loan amount
Queries of Customers
Still have unanswered questions and need to get in touch?
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Customer testimonials
I am very happy with Geojit Credits Pvt Ltd as they give maximum support and assistance to help me meet my financial needs, which gives me the financial freedom to plan and achieve my goals. My requests are processed without delay, thanks to the great customer care and dedication by the team.
Muresh Kumar
Geojit Credits is clearly at the forefront on high quality customer service and customer care. I appreciate their way of making me comprehend all the pros and cons of the financial instruments that I avail, their way of keeping things simple and easy, and their way of giving prompt feedback and responses. I am quite happy with the support they provide and wish them the very best in their journey ahead."
Biju Pramod
- Create your account and complete your KYC
- Select your scheme and lien mark your mutual funds
- E-sign your loan agreement and get the loan amount instantly
