Get a Secured Loan Against Mutual Funds between 10K and 3L
Do you need funds but don’t want to liquidate your investments? Chinmay Finlease Limited has launched an even smarter, more secure borrowing solution that allows you to access funds at an affordable interest rate while your Mutual Fund Investments remain invested and continue to have the potential to grow. You can avail a loan of up to 50% to 80% of your total Mutual Fund holdings through a faster process and simple eligibility criteria.
As a secured lending facility, the loan is offered at an interest rate of 18%, along with minimal documentation and quick disbursal directly to your bank account. There’s no mandatory requirement to provide employment proof or worry about your CIBIL score. The loan comes with a repayment structure that offers a 12-months tenure.
Smart Uses of a Loan Against Mutual Fund
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Shopping
No need to use your savings to buy new products.
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Month-end worries
Get extra cash while you wait for your next paycheck.
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Upgrade Appliances
Get the latest model of your favourite brand.
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Trip Expenses
From flight tickets to hotel booking, we’ve got you.
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Medical Emergencies
Handle urgent medical expenses with immediate access to funds.
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Planned Expenses
Manage significant expenses such as home renovations or big purchases.
Eligibility Criteria to Apply for a Loan Against Mutual Funds
A resident of India
Age between 18 and 60 years
Holder of eligible mutual fund investments of 20,000/-
₹200
Essentials required for Verification
PAN Card
Aadhaar Card
Registered mobile number & email address linked to your investments
No hard copies needed. Simply upload your documents digitally via the app or website.
Get Funds in just 5 easy steps
Download App
Available on iOS & Android
Check Eligibility
Evaluation in 2 minutes
Upload Documents
For KYC verification
Connect MF A/C & Pledge
Link it with the app
Funds Credits
Get funds directly to your bank account
Download App
Available on iOS & Android
Check Eligibility
Evaluation in 2 minutes
Upload Documents
For KYC
verification
Connect MF A/C & Pledge
Link it with the app
Funds Credits
Get funds directly to your bank account
Secured financial support tailored to your needs
Up to ₹3 Lakh
Access funds worth 50%-80% of your mutual fund holdings.
Immediate Cash Credit
Instant approval with cash credited to your account.
Tenure up to 12 Months
Enjoy repayment flexibility for up to 365 days.
Features & Benefits of Applying for a Loan Against Mutual Funds Online
RBI-registered NBFC
Regulated and trusted financial institution.
Quick Sign-up
Fast one-time registration process.
100% Secure
Fully encrypted application process.
Reduced Credit Dependency
Get access to funds without heavy reliance on your credit score.
Freedom of Use
Use funds for any of your personal needs.
Direct Bank Transfer
Funds credited directly to your bank.
Flexible EMI Dates
Choose your preferred repayment date.
Competitive Interest Rates
Avail secured loans at attractive interest rates of 18%.
APR Disclosure & Associated Fees
Interest Rate: 18% p.a.
Bounce Charges: ₹500 per instance
Fee Structure
Processing Fee
3.50%
Documentation Charges
1%
Online Convenience Fee
₹200
Pledge & Unpledge charge
As per RTA
Note: GST will be added to the above charge as applicable.
Illustrative Loan Calculation
Example based on a ₹50,000 loan disbursement.
Loan Amount
₹50,000 p.a.
Interest Rate
18% p.a.
Loan Duration
180 Days
Total interest on the LAMF
₹4,438
Processing Fee (3.50%) + Documentation Charges (1%) + Online Convenience Fee (₹200)
₹3,050
Total Deductions
₹3,050
Disclaimer: This is indicative information. Final terms are subject to your credit profile and risk assessment.
Net Disbursed Amount
Loan Amount - Total Deductions
₹46,950
Total Repayable Amount
Loan Amount + Interest
₹54,438
Frequently Asked Questions
A Loan Against Mutual Funds (LAMF) allows you to borrow funds by using your mutual fund investments as collateral without losing ownership or redeeming them.
Chinmay Finlease Limited allows loans against a wide range of over 5,000+ approved mutual fund schemes. You can select from a list of approved mutual funds from different asset management companies (AMCs) in India.
You may be eligible for a loan amount ranging from ₹10,000 to ₹3,00,000.
The loan is offered at an interest rate of 18% per annum on a fixed basis.
The loan offers a tenure of up to 12 months (365 days).
The process is 100% digital, so no physical documents are needed. You should only have:
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PAN and Aadhar card number
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Registered mobile number and Email ID linked to your mutual fund investments
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Bank account details for Funds transfer
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Debit card or net banking details for setting up the mandate
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Download the Chinmay App from the Play Store or App Store and create your account
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Enter your mobile number and OTP, and check your eligibility
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Fill in your required details
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Upload required KYC documents
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Link and pledge mutual fund holdings
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Receive funds in your bank account
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If your loan account creation fails after pledging the mutual funds, your mutual funds will remain absolutely safe and secure, as the lien marking occurs at the RTAs. You can contact customer support, who will either resolve the issue or redeem your mutual funds. The minimal unpledge amount shall be borne by the borrower.