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Loan Against pledge of Mutual Funds

Loan Against pledge of Mutual Funds

Are you in urgent need of funds? But do not want to liquidate your mutual fund investments? Want to pass on your mutual fund investment to your legal heirs as inheritance? We have a solution. ISFL provides loan against pledge of mutual funds held by you. While you continue to enjoy appreciation on your mutual fund units, you can pledge it for raising funds quickly.


Features
  • Loans available against pledge of Equity Mutual Funds .
  • Loan period upto 36 months
  • Loan up to 50% of the value of the Mutual Funds pledged
  • Loans from Rupees Five lakhs
  • No restrictions on end use of borrowed funds (except for speculative purposes or purposes prohibited by law)
  • Dividend on mutual funds received directly by you.
  • Flexible repayment options
  • Interest Charged only on amount utilised
  • Disbursement can be availed in tranches
  • Competitive Interest rate
  • Minimum Documentation

All loans of ISFL are subject to internal policies and guidelines of ISFL framed from time to time. As such For LAS

Eligibility
  • Any resident individual between the age group of 18 to 75 can apply for the loan
  • Private/ Public limited companies registered in India with a minimum of 3 years in existence.
Fees & Charges

The loans of ISFL are attractively and competitively priced. ISFL charges a minimum processing fee upto 1% of the loan amount (plus applicable GST).

Documents Required for sanction:

    minus    For loans upto Rs. 20 lakhs

  • Self attested copy of Pan Card.
  • Self attested copy of Aadhar Card.
  • Self attested copy of Latest bank statements for a period of 3 months .
  • Client Request letter.

    minus    For loans above Rs. 20 lakhs and upto Rs. 50 lakhs.

  • Self attested copy of Pan Card.
  • Self attested copy of Aadhar Card.
  • Self attested copy of Latest bank statements for a period of 6 months .
  • Client Request letter.
  • Self certified networth statement of the client as on the latest date.
  • ITR for the latest Assessment year.

    minus    For loans above Rs.50 lakhs

  • Self attested copy of Pan Card.
  • Self attested copy of Aadhar Card.
  • Self attested copy of Latest bank statements for a period of 12 months .
  • Client Request letter.
  • CA certified networth statement of the client as on the latest date.
  • ITR for the latest 3 Assessment years.