Get up to ₹2 crores
with a Loan Against
Mutual Funds
Money credited in 20 minutes
No need to sell your funds
This will not impact your credit score
In partnership with
What is Loan Against Mutual Funds?
Get an instant loan up to ₹2 crores by pledging your Mutual Funds
Lower interest rate than Personal Loans
While more loans have an interest rate
above 16% p.a, Loan Against Mutual Funds starts from 10.5% interest rate p.a
Funds keep earning returns
Your mutual funds are not sold, they keep
earning returns, which can also cover the
interest you pay on your loan.
No credit score required
You can apply for a Loan Against Mutual
Funds without any minimum credit score requirement.
Get a Loan Against Mutual Funds in 4 easy steps
-
1
Check your available limit
Your mutual fund portfolio is use to calculate your available loan limit
-
2
Select your loan limit
You can select the Mutual Funds you want to pledge, as well as your final loan amount
-
3
Get the money in 4 easy steps
Complete KYC, add your bank account, and set up auto-pay
-
4
Withdraw and repay any time
Pay 10.5% interest per year only on the amount you withdraw. No fee on early foreclosure
Get a Loan Against Mutual Funds in 4 easy steps
1
Check your available limit
Your mutual fund portfolio is use to calculate your available loan limit
2
Select your loan limit
You can select the Mutual Funds you want to pledge, as well as your final loan amount
3
Get the money in 4 easy steps
Complete KYC, add your bank account, and set up auto-pay
4
Withdraw and repay any time
Pay 10.5% interest per year only on the amount you withdraw. No fee on early foreclosure
What happens to my Mutual Funds?
Unlock your funds after
repayment
Your Mutual Funds will be
redeemable once the loan
is repaid
Keep earning returns
Your mutual funds are not sold, they keep
earning returns, which can also cover the
interest you pay on your loan.
Eligibility for Loans
Against Mutual Funds
Here are the criteria you should meet to get
a loan agiants your mutual funds
Indian citizenship
Have a valid PAN &
Aadhaar card
Provide an email ID &
mobile number
Be 18-75 years of
age
Have a valid bank
account number
Get up to ₹2 Crores
for all your needs
Get up to
₹2 Crores
for
all your needs
Unplanned expenses
Debt repayment
Education financing
Business funding
Frequently asked questions
-
A Loan Against Mutual Funds lets you borrow money by pledging your Mutual Funds. On Jupiter, you can get a Loan Against Mutual Funds of up to ₹2 Crore.
-
Your loan limit will depend on the amount and type of Mutual Funds in your portfolio.
-
You can repay the principal amount anytime within 36 months and the interest in 12 EMIs
-
No, you pay monthly interest only on the withdrawn amount out of the total credit limit given to you.
-
When you take a Loan Against Mutual Funds, your funds will be lien marked. This means, the lender has the right to hold your units and sell them in case the loan isn't repaid. However, your funds will continue earning returns and will be redeemable once the loan is fully repaid.
-
Your loan limit can be up to 75% of the Net Asset Value (NAV) of your Debt Mutual Funds, and 45% of the NAV of Equity Mutual Funds. For example, if you have invested ₹3 Lakh in Debt Mutual Funds and ₹1 Lakh in Equity Mutual Funds, your available loan limit will be(75% of ₹3 Lakhs) + (45% of ₹1 Lakh) = ₹2.70 Lakh
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You can check your limit on the Jupiter app
-
Yes, you can pledge any eligible Mutual Fund. You can also choose the number of units you want to pledge.
-
Your Mutual Funds will be redeemable once your loan is fully repaid
-
You can repay the principal amount in up to 36 months and the interest in 12 EMIs
-
Your credit limit is calculated based on the value of your Mutual Funds portfolio Link to doc: LAMF Landing Page & SEO Requirements