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Aditya Birla Finance Loan Against Mutual Funds

Home Loan Against Securities Mutual Funds Aditya Birla Finance

Aditya Birla Finance offers Loan Against Mutual Funds for loan amount starting from Rs 25 lakh onwards to meet the personal requirements of borrowers without liquidating their existing investments. The LTV ratio offered for its Loan Against Mutual Funds scheme varies between 50% to 90%. The lender offers Loan Against Mutual Funds in the form of overdraft facility.

Language icon हिंदी में पढ़े
Updated: 17-10-2024 08:57:44 AM

Aditya Birla Finance Loan Against Mutual Funds Highlights
Interest Rate As per the applicant’s eligibility
Loan Amount Rs 25 lakh onwards
LTV Ratio 50%-90% depending on the collateral furnished
Tenure Up to 1 year
Type of loan facility Overdraft

Rates as of 17th October 2024

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Get Instant Loan Against Mutual Funds @ 10.5% p.a. onwards in 4 hrs Apply Now

Interest Rates for Aditya Birla Finance Loan Against Mutual Funds

Aditya Birla Finance has not mentioned the interest rates offered for Loan Against Mutual Funds. However, the lender charges interest only on the loan amount used.

Features of Aditya Birla Finance Loan Against Mutual Funds

Purpose: Aditya Birla Finance offers Loan Against Mutual Funds to provide immediate liquidity against their mutual fund units for meeting their personal requirements. Thus, the borrower can fulfill their financial needs without compromising on their existing investments.

Loan Amount: The minimum loan amount offered for Aditya Birla Finance Loan Against Mutual Funds is Rs 25 lakh. However, the maximum limit has not been disclosed by the NBFC.

LTV Ratio: The LTV ratio offered for Aditya Birla Finance Loan Against Mutual Funds varies between 50% to 90% depending on the collateral pledged by the borrower.

Margin Call Requirement: In case of reduction in the value of Kotak Mahindra Bank mutual funds pledged as collateral, the eligible overdraft limit will also reduce. As the amount drawn from the overdraft account exceeds the revised overdue amount, the difference between the eligible amount and the amount drawn becomes overdue. If the borrower fails to repay the overdue amount or pledge additional mutual funds, the lender has the authority to sell the pledged mutual fund units.

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Facing Cash Crunch? Get funds without selling off your Mutual Funds Apply Now

Documents Required for availing Aditya Birla Finance Loan Against Mutual Funds

Aditya Birla Finance has not disclosed the documents required for availing Loan Against Mutual Funds. However, it has mentioned the documents required for availing Loan Against Securities that are mentioned below:

For Individuals:

  • ID Proof: Passport, Driving License, PAN card (mandatory), Voter ID
  • Address Proof: Voter ID, Driving License, Passport, Telephone bill, Electricity bill, etc.
  • Financial for last 3 years

For Companies, Partnership firms, etc.:

  • MOA and AOA
  • List of directors
  • Shareholding pattern
  • Partnership deed
  • List of signatories

Note that, in case of loan applications for loan amount above Rs 1 crore, Net Worth Certificate certified by a CA is mandatory.

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