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Abhi Loans Against Mutual Funds

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Product Rating

4.3 /5

Total - 65 ratings

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Features

EMI Based Product

OD Based Product

Mode

Online

Online

Loan Type

EMI-based product where a customer pays a regular EMI every month.

Overdraft based product where customers can pay and debit anytime

ROI

13% IRR

1% to 1.5% per month on the total outstanding. Total outstanding includes Principal and all other charges, excluding interest.

Prepayment

NIL

NIL

Loan Amount

Rs. 5,000 to Rs. 1,000,000

Rs. 5,000 to Rs. 1,000,000

Penal Charges

2% per month on total outstanding principal

2% per month on total outstanding principal

Processing Fees

Upto 2% (excluding GST)

Upto 2% (excluding GST)

Repayment Tenure

1 year

Indefinite, renewed every year

Sudden financial needs can be very troublesome when you don’t have enough savings to meet that needs. However, we are here to help you out in every possible situation. Now there’s no need to worry about finances as Abhi Loans provides a unique Loan Against Mutual Funds. This loan is curated to keep you secured from the urgent need for money at the time of financial crunches. This loan is meant to keep your mutual funds safe, as you can take a loan against your mutual funds instead of selling them.

It’s high time to choose a fast loan against mutual funds to protect your money. Your units will stay yours, and you’ll keep earning from them throughout your tenure for an instant loan for a low credit score. Thus, with Abhi Loans, you can get instant funds you need for capital or emergencies without redeeming your MF units. Let’s move ahead and know more about the Loan Against Mutual Funds by Abhi Loans.

Here are a Few Factors About Abhi Loans

    Features

    EMI Based Product

    OD Based Product

    Mode

    Online

    Online

    Loan Type

    EMI-based product where a customer pays a regular EMI every month.

    Overdraft based product where customers can pay and debit anytime

    ROI

    13% IRR

    1% to 1.5% per month on the total outstanding. Total outstanding includes Principal and all other charges, excluding interest.

    LTV Ratios

    1. LTV of 60% for Nifty 50 shares

    2. LTV of 50% for non-Nifty 50 shares

    3. LTV of 65% for Equity Mutual Funds

    4. LTV of 75% for Debt Mutual Funds


    1. LTV of 60% for Nifty 50 shares

    2. LTV of 50% for non-Nifty 50 shares

    3. LTV of 65% for Equity Mutual Funds

    4. LTV of 75% for Debt Mutual Funds



    Repayment Schedule

    Monthly payment of Principal and Interest on the 5th of the Corresponding Month

    Interest serving every month on the 5th of the Corresponding Month

    Prepayment

    NIL

    NIL

    Loan Amount

    Rs. 5,000 to Rs. 1,000,000

    Rs. 5,000 to Rs. 1,000,000

    Penal Charges

    2% per month on total outstanding principal

    2% per month on total outstanding principal

    Processing Fees

    Upto 2% (excluding GST)

    Upto 2% (excluding GST)

    Repayment Tenure

    1 year

    Indefinite, renewed every year


Advantages of Getting Loans from Abhi Loans

  • Lowest EMI: For your loan against securities, Abhi Loans provide a cheap EMI. For a loan of Rs. 1,000,000, EMIs start at Rs. 1166 per month.

  • Instant Acceptance: Receive immediate approval for your loan against securities, which will be paid in four hours. Moreover, they will refund half of your processing fees if they are late!

  • No Prepayment Fees: Since there are no prepayment fees associated with your loan, you are free to pay whenever you like.

  • Flexible Amounts: Get immediate funding in the range of Rs. 5,000 to Rs. 1,000,000 against your securities.

  • Retain Fund Growth: By pledging your assets, you may ensure that your wealth plan and savings continue to develop despite any borrowing.

Direct Transfer to Bank Account: Apply online from the convenience of your home and receive money instantly into any bank account.

Key Features of Abhi Loans Loan Against Mutual Funds

    • Quick money on mutual funds as the loan is disbursed in 4 hours. If they delay, then they will return 50% of your processing fee!

    • Flexible loan ranges from Rs. 15,000 to Rs. 1,00,00,000 on your mutual funds.

    • Enjoy a loan size of up to 75% of your mutual fund unit value.

    • Very low EMI on your loans.

    • Pay interest only on the used amount.

    • Provider for an urgent loan with bad credit in India.

Eligibility of Abhi Loans

  • Single mutual fund unit holders can borrow a loan.

  • Mutual funds units in KFintech, CAMS & DEMAT can get lending too.

  • Indian residents and NRIs, Individuals between 18 and 75 years. Above 75 years those who provide a medical certificate.

Documents Required for Abhi Loans

    • PAN, Aadhar, Address proof

    • Approved Shares in Demat Form or Approved Mutual Funds in either Demat Form or Physical

How to Apply For Mutual Funds Loan from Abhi Loans?

      You just need to follow 4 simple steps to get your loan from Abhi Loans:

      Step 1: Visit the official website of ReferLoan.in

      Step 2: Enter your full name and phone and generate OTP to start the lending process.

      Step 3: Please fill out the form and submit the necessary documents to complete the KYC..

      Step 4: Sit & wait, as your loan will be disbursed into your account within a few hours.

      Moreover, for hassle-free loan approval, you can always count on us as we are here to assist you in getting your loan approved within seconds.


Let us take an example, How EMI is being calculated


For instance, if "Shubham" applies for a Abhi Loan Mutual Funds Loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee Upto 2% (excluding GST)  of loan amount may apply. T&C apply.

Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%

Abhi Loans Contact Details

Here are the contact details in case you require any kind of help from Abhi Loans.

Reg. Office

2 Floor, GR Towers, L-127,

4th Main Rd, Sector 6,

HSR Layout, Bengaluru, Karnataka. 560102

Customer Service e-mail: support@abhiloans.com

Contact Number: +91 93106 37483

CIN Number : U65100KA2015PTC083383

Click here to Contact AbhiLoan Customer Care

FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

In a loan against mutual funds, your mutual funds are kept as the security or collateral.

As you obtain a fast loan with a low credit score to receive money for an emergency, the units will continue to make returns.

The customer can satisfy all of their personal and investment demands, as well as address any contingencies, financial requirements, or investment needs. It is the best method for obtaining liquidity without selling the securities.

There’s no as such age requirement, but typically, one must be above 18 years of age and must hold a mutual fund as an asset.

The ROI on your loan can vary from 13.00% to 16.00%. It will be confirmed once your loan is approved.

For the KYC purpose, ensure to keep the following documents handy: PAN Card, Address Proof (Aadhaar / Driving License / Passport / Voters Id) Applicant Photo, Applicant Signature Bank Proof (Name printed cheque leaf /Bank statement )

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