Loan Against Mutual Fund Eligibility Criteria and Documents Required

Understand the simple criteria that decide your eligibility for a loan against mutual funds.

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Eligibility criteria and documents required

Anyone can apply for our loan against mutual funds online, as long as they meet the four basic criteria mentioned below. Also keep a few documents handy while applying for loan against mutual funds.

Eligibility criteria

  • Nationality: Indian
  • Age: 21 years to 90 years
  • Employment: Salaried, self-employed
  • Security value: Minimum Rs. 50,000

Documents

  • PAN card
  • KYC documents:
    a. Passport
    b. Driving License
    c. Voter’s Identity Card
    d. Aadhaar
    e. Job Card issued by NREGA
    f. Letter issued by the National Population Register
  • Consolidated Account Statement 

 

Corporates/ HUF/ LLP/ Partnership/ Trust/ Sole Proprietorship can apply for loan against mutual funds of up to Rs. 1000 crore, by reaching us at las.support@bajajfinserv.in.

Eligibility and application process for loan against mutual funds

To be eligible for a loan against mutual funds, two important criteria are the fund types available in your portfolio (equity, debt, etc) and the value of the mutual funds lien marked. Check the approved list of mutual funds. If you are ready to apply, make sure to have all the necessary documents ready to be uploaded online.

After submitting your application, our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your application. Note that terms and conditions apply, and if you need more information, you can explore the links at the top of this page.

How to apply for a loan against mutual funds

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Step-by-step guide to apply for loan against mutual funds

Step 1: Click on the ‘Apply Now’ button.
Step 2: Enter your mobile number to Sign in and click ‘GET OTP’.
Step 3: Enter the OTP sent to your mobile number. On successful verification, you will be redirected to our online application form.
Step 4: Enter your basic details like – PAN, DOB and email ID.
Step 5: Check your loan eligibility by entering your security name and quantity.
Step 6: Choose the loan amount you wish to avail.
Step 7: Get your KYC done using Digilocker or by manually uploading the documents.
Step 8: Enter your bank details and verify.
Step 9: Proceed for e-agreement and e-mandate by authenticating it via OTP.
Step 10: Your loan will be disbursed after successful pledging and verification

Frequently asked questions

What are the eligibility criteria to apply for a loan against mutual funds?

The eligibility criteria to apply for a loan against mutual funds are:

  1. Securities: You should have a minimum share of Rs. 50,000.
  2. Ownership: You should be the owner of the securities and have clear and marketable title to them.
  3. Age: You should fall under the age bracket of 21 years to 90 years.
  4. Type of mutual funds: Your funds should be under the approved list of 5000 + funds.
What are the minimum and maximum required age for availing a loan against a mutual fund?

To avail a loan against mutual funds, an individual must be between 21 years and 90 years of age.

What is the processing fee for a loan against a mutual fund?

The lender may charge a processing fee for the loan, which is usually a percentage of the loan amount. When availing a loan against mutual funds with Bajaj Finance Limited, you shall incur a processing fee of up to 4.72% of the loan amount (inclusive of applicable taxes).

How much loan can I get against mutual fund?

You can avail a loan of upto Rs. 1000 crores against your mutual funds through Bajaj Finserv.

Can I apply for a loan against mutual funds online?

Yes, you can apply for a loan against mutual funds online through a fully digital process on the Bajaj Finserv website, ensuring quick approval and easy access to funds.

Are both equity and debt mutual funds eligible for loans?

Yes, both equity and debt mutual funds are accepted as collateral, provided they are approved by the NBFC and held with supported AMCs and RTAs.

Do I need to have a Demat account to apply for a mutual fund loan?

No, a Demat account is not required. Your mutual funds should be in a dematerialised form and registered with CAMS or KFintech to be eligible.

What types of mutual funds are accepted as collateral?

Mutual funds registered with supported AMCs and RTAs like CAMS or KFintech are accepted. These can include equity, debt, hybrid, or other approved categories.

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Disclaimer

* Subject to sole discretion of Bajaj Finance Limited and regulatory guidelines.