Unlock Instant Funds with HDFC Bank's Digital Loan Against Mutual Funds
Discover the convenience of HDFC Bank's Digital Loan Against Mutual Funds, where eligible customers can leverage their mutual fund investments to quickly access funds digitally. Enjoy a streamlined process with minimal paperwork, ensuring swift approval and disbursement for your financial needs.
All you need to know about eligibility criteria for Loan Against Mutual Funds
To apply for a Loan Against Mutual Funds through HDFC Bank, you will need the following:
FEATURES
No need to sell Mutual Funds
Completely digital process
No EMI, pay at your own pace
Interest only on utilized amount
High Loan to value in case of debt Mutual Funds
Minimum loan amount is as low as Rs 50,000
Maximum loan amount
Against Equity Mutual Fund: Rs. 20 Lakh
Against Debt Mutual Funds: Rs 1 crore
To qualify for a loan against Mutual Funds, you need an HDFC Bank savings account with single-mode operation, an HDFC NetBanking User ID and password, and Mutual Funds holdings managed by CAMS as the transfer agent, all held in a single name.
To be eligible for a loan against Mutual Funds, your holdings must be managed by CAMS as the transfer agent and include funds from the following Asset Management Companies: Aditya Birla Sun Life, DSP BlackRock, HDFC, HSBC, ICICI Prudential, IDFC, Kotak Mahindra, L&T, SBI, and Tata Mutual Funds.
To qualify for a loan against Mutual Funds, you must meet the following conditions: have an HDFC Bank savings account with single-mode operation, possess an HDFC NetBanking User ID and password, and hold Mutual Funds managed by CAMS as the transfer agent, with holdings in a single name.
