DhanLAP- Loans on Mutual Funds

Ark Neo Financial Services Pvt. Ltd

About this app

Loan against Securities | Loan against Mutual Funds | Loan against Shares

✅15 Mins Process
✅No Paperwork
✅EMI and Interest Only Payment Option
✅Upto 24 Months Tenure
✅Quick Disbursal

Our NBFC Partner : IFIN SECURITIES FINANCE LIMITED (ISFL)

DhanLAP’s Loan against Securities help you borrow money for expenses during financial emergencies, for funding your education, for going on a vacation, or for other expenses such as a wedding in the family. You can avail yourself of loans at minimum interest rates for amounts starting from ₹25,000 and for tenures ranging between six months and 2 years.

With a Loan against mutual funds, you offer your Mutual Fund units as collateral for the loan. Your Mutual Funds will continue to earn returns.

Simple steps to get your mutual funds loan
1. KYC Verification.
2. Select your Mutual Funds to lien mark.
3. Check your instalments.
4. E-sign your Loan Agreement.
5. Amount disbursed to your bank account.

Maximum Annual Percentage Rate (APR): 10%

Loan Against Securities

1. Example - Balloon Payment
-Principal Amount => ₹1,00,000
-Annual Interest Rate(APR) = 10%
-Tenure => 12 Months
-Pay only Interest for 12months = ₹833.33 x 12 = 10000. (The principal amount needs to be repaid at the end of the loan tenure)
-Processing Fee = ₹1000 + GST
-Stamp Duty = ₹20 + GST
-Total Loan Repayment Amount = ₹110000 (Principal and Interest)
-Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹10000 + ₹1000 + ₹20 = ₹11020 (Excluding GST)

For the loan against securities with a balloon payment, the borrower pays only the interest amount of ₹10000 for 12 months, and repays the principal amount of ₹1,00,000 at the end of the 12-month tenure, with a total loan repayment amount of ₹1,10,000 and a total cost of loan of ₹11,020 (excluding GST).


2. Example - EMI Payment
-Principal Amount => ₹1,00,000
-Annual Interest Rate(APR) = 10%
-Tenure => 12 Months
-EMI => Principal + Interest = ₹8791.59.
-Processing Fee = ₹1000 + GST
-Stamp Duty = ₹20 + GST
-Total Loan Repayment Amount = ₹105499 (Principal and Interest)
-Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹5499 + ₹1000 + ₹20 = ₹6519 (Excluding GST)

For the loan against securities with EMI payment, the borrower repays the loan in equal monthly installments of ₹8,791.59 for 12 months, with a total loan repayment amount of ₹1,05,499 and a total cost of loan of ₹6,519 (excluding GST), including processing fees and stamp duty.

DhanLAP powered by Ark Neo Financial Services Pvt Ltd is a Loan against securities platform. Founded by a team with over 100-man years of experience in building digital financial investment and loan solutions, we understand the common difficulties faced by investors when it comes to utilising their investments in case of an emergency.

We have made the entire process simple and hassle-free so that you can get the amount deposited in your account within 15 minutes safely.

Website: https://dhanlap.com/loan-against-mutual-funds
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