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Loan Against Mutual Funds

Loan of up to 90% of mutual fund value | 5000+ approved funds | No selling of funds
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Trusted by 3 lakh+ customers

Loan Against Mutual Funds
Loan of up to 90% of mutual fund value | 5000+ approved funds | No selling of funds

Key features

Watch Video ‌
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24 Hour Disbursal

Your bank account will be credited with your loan amount within 24 hours, or in some cases, on the same day of approval

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Pre-assigned loan limit

Benefit from a pre-assigned loan limit customised to match the value of your pledged funds and the credit profile.

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Draw only what you need

Enjoy the freedom to withdraw and repay funds as per your specific needs.

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Interest on loan utilisation

Only pay interest on the amount disbursed from your assigned loan limit

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Wide list of approved funds

Offering you a vast array of approved funds from over 40 AMCs, ensuring flexibility in choosing the right investments to pledge

Key features

Watch Video ‌
/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/lamf/icon/LAMF_24-Hour_Disbursal.png
24 Hour Disbursal

Your bank account will be credited with your loan amount within 24 hours, or in some cases, on the same day of approval

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Pre-assigned loan limit

Benefit from a pre-assigned loan limit customised to match the value of your pledged funds and the credit profile.

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Draw only what you need

Enjoy the freedom to withdraw and repay funds as per your specific needs.

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Interest on loan utilisation

Only pay interest on the amount disbursed from your assigned loan limit

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Wide list of approved funds

Offering you a vast array of approved funds from over 40 AMCs, ensuring flexibility in choosing the right investments to pledge

Loan against Mutual Funds EMI Calculator

Loan against Mutual Funds EMI Calculator

Features and benefits

Read on to know why you should opt for our loan against mutual funds.

  • Pre-assigned loan limit

    Get a pre-assigned loan limit of up to 90% of the value of your funds. Maximum loan limit of up to ₹1,000 Cr

  • 5000+ approved funds

    With over 5000+ funds from 40+ AMCs, get a loan against mutual funds with just 3 documents. The loan amount will vary based on the fund type.

  • Interest on withdrawn amount

    The loan against securities interest rate is charged only on the amount that you have withdrawn from your pre-assigned loan against mutual funds.

  • No sell-off mutual funds

    No need to sell your mutual funds. Get funds at attractive rates while continuously earning returns on your funds.

  • Tenure of up to 36 months

    Convenient tenure and repayment options starting from 7 days to 36 months.

  • Loan limit based on fund type

    The final loan limit depends on the type of fund (equity, debt, hybrid etc.), and the value of the fund. Check the applicable credit limit against each fund.

  • Dedicated customer portal (My Account)

    Download your loan statement, release funds and manage your loan online with our customer portal- My Account.

  • Extra credit for increased fund value

    If the value of your mutual fund increases during the tenure of the loan, you can avail extra credit against the lien-marked funds.

  • Pre-approved offers for new customers

    We have pre-approved offers for our existing and new customers. To check, all we need is your mobile number.

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Eligibility criteria and documents required for loan against mutual funds

Anyone can apply for a loan against mutual funds online, as long as they meet the four basic criteria mentioned below. Also keep a few documents handy while applying for loan against mutual funds.

Eligibility criteria

  • Nationality: Indian
  • Age: 18 to 90 years
  • Employment: Salaried, self-employed

Security value: Minimum ₹50,000

Documents required

  • PAN card
  • KYC documents: Aadhaar/ passport/ voter’s ID

Consolidated Account Statement

Applicable fees and charges

Types of fees

Charges applicable

Interest rate

Up to 20% per annum

Processing fee

Up to 4.72% of the loan amount (inclusive of applicable taxes)

Prepayment charges

Full prepayment - Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment

Part-prepayment - Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment

Annual maintenance charges/Renewal fees

Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount

Bounce charges

In case of default of repayment instrument, Rs. 1,200 per bounce per bounce will be levied.

Penal charge

Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter)/principal/overdue amount. To view Annexure I, kindly click here.

Stamp duty (as per respective state)

Payable as per state laws

Brokerage charges*

As applicable at actuals

DP charges**

As applicable at actuals

Pledge confirmation charges**

As applicable at actuals

Pledge invocation charges**

As applicable at actuals

Demat share transfer charges (post invocation)**

As applicable at actuals

Legal charges

As applicable at actuals

PG facility charges

₹11 (Inclusive of applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties.

*Charges levied by Broker to BFL and the same is being passed on to the clients.
**Charges levied by NSDL/CDSL to BFL and the same is being passed on to the clients.

How to apply for a Loan Against Mutual Funds

Step-by-step guide to apply for loan against mutual funds

Step 1: Click on ‘CHECK ELIGIBILITY’.

Step 2: Enter your personal details such as name, PAN, DOB, etc.

Step 3: Provide your email address and verify it.

Step 4: We use your mobile number to fetch your portfolio details using CAMS and KFintech systems.

Step 5: Select the funds from your portfolio and enter units against each for lien marking to generate a loan offer.

Step 6: We generate a loan offer basis your eligibility. You may proceed with the offer or edit it.

Step 7: Proceed with the lien marking process by entering the OTP.

Step 8: Complete the KYC and bank account verification for generating the sanction letter.

Step 9: Accept the agreement and share your consent for loan sanction and disbursement.

Step 10: After verification, the loan amount will be credited to your bank account.

Frequently Asked Questions

Overview

EMI

Repayment

Eligibility

I am looking to apply for a loan against mutual funds. How do I avail it from Bajaj Finance Limited?

The loan against mutual funds facility available through the Bajaj Finance platform is only applicable for salaried and self-employed customers.

We also provide offline loans against mutual funds up to ₹1,000 Cr to Corporates/ HUF/ LLP/ Partnership/ Trust/ Sole Proprietorship. The final amount approved will depend on the applicants' credit histories, the worth of the funds pledged, and other factors at Bajaj Finance Ltd.’s (BFL) sole discretion. For further information on using this service, please contact us at las.support@bajajfinserv.in.

Which funds are accepted under a loan against mutual funds?

You can avail of a loan against mutual funds by lien marking from a wide range of 5000+ funds.

Click here to check our approved list of mutual funds.

What is the loan-to-value offered against the mutual funds provided?

The loan-to-value currently offered against mutual funds are as follows:

For mutual funds: up to 90%

Please note that the above are subject to change depending upon the applicable regulations and internal policies of BFL.

What is the tenure of a loan against mutual funds?

The tenure of the loan is to 36 months. Any renewal of the loan/facility shall be at the sole discretion of BFL.

Whom can I contact in case I need any assistance?

For any assistance with regard to a loan against mutual funds, you can write to us at las.support@bajajfinserv.in.

Is it possible to make a part prepayment/foreclosure before the end of the loan tenure?

Yes, it is possible. You may make a part-prepayment or foreclose the entire loan before the end of the tenure.

I need more funds against the mutual funds already lien marked. How can I raise a request for additional disbursement?

BFL offers loans up to 90% of the value of your funds, where the valuation of your funds is updated every 5 mins. Hence, if the value of your funds increases during the tenure of the loan, the eligible pre-assigned loan limit will increase. Similarly in case the value of the fund falls, the pre-assigned loan limit will reduce proportionally. This would be subject to the “Sanction limit” not getting breached.

To raise a request for additional disbursement, please choose the 'Disbursement Request’ option in the Loan against securities service section available under the ‘My Relations’ tab.

Please note that it is subject to LTV being continued to be maintained with respect to the securities pledged and principal outstanding.

How frequently does the price of my mutual fund scheme get updated in the Bajaj Finserv app / BFL portal?

For mutual fund schemes, it is updated at the end of every day.

What is the frequency of interest payments?

Interest on a loan against mutual funds facility is payable monthly.

Is my interest applicable to the entire loan limit?

No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.

What is the interest payment cycle for a loan against mutual funds?

The interest cycle is calculated from the 7th day of each calendar month to the 6th day of the succeeding month. Interest due towards a loan against mutual funds is generated on the 7th of every month.

What documents are required for opening a loan against mutual funds account?

Opening a loan against mutual funds account through the Bajaj Finance platform with respect to individual borrowers and which is subject to successful KYC completion.

For easy and smooth onboarding, we recommend keeping the below documents handy:

- PAN card

- Proof of identity and address (Aadhaar, passport, driving licence, voter ID etc.)

- Fund holding statement

What is the process of marking lien on mutual funds?

  1. Share your holding statement at Las.support@bajajfinserv.in

  2. Lien letter shall be prepared by us on the free units & sent back to via mail along with a Bajaj Covering letter for your attestation

  3. Shares the docs back with us at Las.support@bajajfinserv.in & your lien request letter will then be further submitted to the AMC

  4. AMC will review and lien mark post verification

*Final loan amount shall be calculated basis the units & price of the effective lien marked mutual funds.

Is it possible to make a part prepayment/foreclosure before the end of the loan tenure?

Yes, it is possible. You may make a part-prepayment or foreclose the entire loan before the end of the tenure.

What is the frequency of interest payments?

Interest on a loan against mutual funds facility is payable monthly.

Is my interest applicable to the entire loan limit?

No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.

Is it possible to make a part prepayment/foreclosure before the end of the loan tenure?

Yes, it is possible. You may make a part-prepayment or foreclose the entire loan before the end of the tenure.

What is the frequency of interest payments?

Interest on a loan against mutual funds facility is payable monthly.

Is my interest applicable to the entire loan limit?

No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.

Is my interest applicable to the entire loan limit?

No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.

What is the interest payment cycle for a loan against mutual funds?

The interest cycle is calculated from the 7th day of each calendar month to the 6th day of the succeeding month. Interest due towards a loan against mutual funds is generated on the 7th of every month.

Which funds are accepted under a loan against mutual funds?

You can avail of a loan against mutual funds by lien marking from a wide range of 5000+ funds.

Click here to check our approved list of mutual funds.

What is the loan-to-value offered against the mutual funds provided?

The loan-to-value currently offered against mutual funds are as follows:

For mutual funds: up to 90%

Please note that the above are subject to change depending upon the applicable regulations and internal policies of BFL.

What documents are required for opening a loan against mutual funds account?

Opening a loan against mutual funds account through the Bajaj Finance platform with respect to individual borrowers and which is subject to successful KYC completion.

For easy and smooth onboarding, we recommend keeping the below documents handy:

- PAN card

- Proof of identity and address (Aadhaar, passport, driving licence, voter ID etc.)

- Fund holding statement

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.