MAFS: Mutual Fund Loan & PL

Mirae Asset Financial Services (India) Pvt Ltd

About this app

Mirae Asset Financial Services: Your Financing Needs Simplified
We aim to provide you loan in the most convenient & simplified manner. Avail Loan Against Mutual Funds (LAMF), Loan Against Shares, and Personal Loans - all 100% digital. A licensed Non-Banking Financial Company (NBFC).

Our Products:

1. Personal Loan for Salaried
Avail personal loans up to ₹10 lakh at an attractive interest rate with no hidden charges and an effortless online application process.

Personal Loan Interest Rate, Tenure & Charges:
- Interest Rates from 11.49% to 19.99% p.a
- Loan Amount: ₹1,00,000 to ₹10 Lakh
- Loan Tenure – 6 to 48 months
- Minimum APR – 13.44%
- Maximum APR – 38.07%
- Processing fees – 3% to 4%*
- Stamp Duty – ₹200
- Minimum income: ₹35,000 per month
- Credit Score: 700+

An example of a Personal Loan for salaried:
- Principal Amount: ₹1,00,000
- Interest rate*: 14% p.a.
- Tenure: 24 months
- Processing Fee (4%)*: ₹4,000 + Taxes
- Stamp Duty: ₹200
- EMI: ₹4,801 per month
- Total interest payable: ₹15,231.
- Total amount to be repaid: ₹4,801 x 24 = ₹1,15,231.
- Total cost of loan = Interest Amount + Processing Fees + Taxes** & other charges = ₹15,231 + ₹4,000 + ₹920 = ₹20,151

*Interest rate & processing fees vary as per loan amount & tenure.
**Taxes as Applicable

2. Loan Against Mutual Funds & Loan Against Shares

With Loan Against Mutual Funds (LAMF) and Loan Against Shares, you can pledge your mutual funds, SIP investments, or equity shares and get quick access to money while your MFs & Shares continue to remain invested. A loan against mutual funds or loan against shares is a secured loan facility where interest is charged only on the utilised amount and only for the number of days used, making it a smarter and more economical alternative to redemption.

Loan Against Mutual Funds (MF Loan)
A Loan Against Mutual Funds (MF Loan) allows you to pledge your mutual fund units, including SIP investments, and avail a flexible credit facility. Instead of redeeming your mutual funds, you can borrow against them and meet short-term financial needs without disrupting long-term goals.

If you’re looking for a loan against MF, mutual fund loan, or loan against SIP, this facility offers speed, flexibility, and cost efficiency.
*Loan Against Mutual Funds in 15 minutes.

Loan Against Shares
A Loan Against Shares allows you to pledge equity shares held in your demat account (only NSDL) and access funds quickly.

Why Loan Against Mutual Funds and Loan Against Shares with us?
- 15 Mins Process*
- 100% Digital
- Instant Disbursal
- Easy Repayment: Interest-only monthly payments
- Zero Prepayment & Foreclosure charges
- Large list of approved securities

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

Loan Against Mutual Funds and Shares Interest rate, Tenure & Charges:
- Annual Interest Rate = 10.25%
- Maximum Annual Percentage Rate (APR) = 23.61%
- Tenure = 12 Months to 36 Months
- Minimum Period = 12 Months
- Maximum Period = 36 Months
- Processing Fee = 1Yr: ₹999 | 2Yr: ₹1299 | 3Yr: ₹1499 (excl Taxes)
- Stamp Duty = ₹500

An example of a Loan Against Securities:
- Principal Amount = ₹80,000
- Annual Interest Rate = 10.25%
- Tenure = 12 Months
- Interest payable= (₹80,000 x 10.25%) / 12 Months = ₹683 per month (Principal need to be repaid at the end of loan tenure)
- Processing Fee = ₹999 + GST
- Stamp Duty = ₹500
- Total Loan Repayment Amount = ₹88,200 (Principal + Interest)
- Total Cost of Loan = Interest + PF + Stamp Duty = ₹8200 + ₹1179 + ₹500 = ₹9879

Loan Against Securities of ₹80,000 for 12 months, at an annual interest of 10.25%, monthly interest for 12 months of ₹683 per month. Total loan payment over 12 months will be ₹88,200 (including principal and interest). Processing fee of ₹999 + GST & stamp duty of ₹500 will be charged.

Visit our website to access to know more.
Website: https://www.miraeassetfin.com
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