Frequently asked questions
You can avail a loan against security by providing any of the following securities:
- Shares
- Mutual funds
- Insurance policy
- Bonds
*Only Bajaj Allianz, ICICI Prudential Life Insurance, Max Life & TATA AIA Unit Linked Insurance Policies are accepted.
**Loan against bonds and insurance policies are not available through the Bajaj Finserv App. Send us your requirement at las.support@bajajfinserv.in for further details.
LTV is loan to value ratio. This is the ratio of the loan amount outstanding to the value of pledged securities. A minimum of 50% LTV is always required to be maintained for loan against shares facility.
Your EMI depends on the loan amount, tenure, interest rate, and the type of mutual funds pledged. A longer tenure reduces EMI, while a higher interest rate or loan amount increases it.
Yes, you can prepay your loan against mutual funds either partially or fully. Prepayment terms may vary by lender, and some may charge a nominal fee depending on the loan agreement.
No, using an online EMI calculator is completely free. It helps you estimate your monthly outgo based on different loan amounts, tenures, and interest rates, allowing better financial planning.
Loan amounts generally start from Rs. 25,000 and can go up to Rs. 1000 crores, depending on the mutual fund's value and the lender's policies. The Loan-to-Value (LTV) ratio also impacts your borrowing limit.
Your EMI is influenced by the loan amount, interest rate, tenure, and repayment frequency. A longer tenure may lower your monthly EMI, but increase total interest paid. The type of mutual funds pledged can also affect interest rates, impacting EMI.
Yes, you can prepay your loan against mutual funds, either partially or in full, before the end of the tenure. Some lenders may offer this facility with zero or minimal prepayment charges, helping you save on interest and close the loan faster.
No, EMI calculators available on most lender websites are completely free to use. They help you estimate your monthly payments quickly by adjusting the loan amount, interest rate, and tenure, so you can plan your finances better before applying.
The loan amount typically ranges from Rs. 10,000 to Rs. 5 crore, depending on the lender and the value of your pledged mutual fund units. Equity funds usually offer higher loan-to-value ratios compared to debt funds, affecting how much you can borrow.
It estimates your monthly instalment based on the loan amount, interest rate, and tenure you enter. The tool uses a standard EMI formula to give you a quick snapshot of expected repayments before you apply.
You usually need to enter the desired loan amount, expected interest rate, and preferred tenure. Some calculators may also let you adjust values to compare multiple EMI outcomes instantly.
The EMI shown is an approximation. Your final EMI may differ slightly based on the lender’s assessment, applicable charges, and the exact interest rate offered after evaluating your mutual fund portfolio.
Yes, most calculators display not just the EMI but also the total interest payable and the overall repayment amount. This helps you understand the full cost of borrowing before taking a decision.
Yes, calculators allow you to enter any eligible loan amount irrespective of fund type. Since approval depends on the fund category, you can test various scenarios even before uploading details.
Not necessarily. Some lenders may offer interest-only repayment structures or flexible options. EMI-based repayment is common, but the exact structure depends on the lender’s product features.
A longer tenure reduces your EMI but increases total interest payable. A shorter tenure raises your EMI but lowers borrowing costs. Adjusting the slider in the calculator helps you compare both outcomes instantly.
Yes, calculators are typically linked to application journeys. Once you find a suitable EMI, you can proceed to the application form where your mutual fund details and profile are evaluated for eligibility.
No. EMI calculators are completely free to use. They are designed to help you plan repayments, compare scenarios, and make informed borrowing decisions without any cost or commitment.
