Your Loan against Mutual Funds with us
Check details and make payments for your loan against mutual funds with us
Trusted by 3 lakh+ customers
Features and benefits
Explore why choosing our loan against mutual funds is beneficial for you:
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Pre-assigned loan limit
Access a pre-approved loan limit of up to 90% of your mutual fund value, with a maximum loan limit up to ₹1,000 Cr.
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5000+ approved funds
Over 5000+ funds from 40+ AMCs - with just 3 documents, you can secure a loan against mutual funds. The loan amount varies depending on the type of mutual fund.
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Interest on withdrawn amount
Interest is applied only to the amount you've withdrawn from your pre-assigned loan limit.
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No sell-off mutual funds
No need to sell your mutual funds. Access funds at competitive rates while continuing to earn returns.
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Tenure of up to 36 months
Flexible repayment options with loan tenures starting from 7 days to 36 months.
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Loan limit based on fund type
The loan limit depends on the type and value of the mutual fund (equity, debt, hybrid, etc.). Check your fund’s credit limit.
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Dedicated customer portal (My Account)
Manage your loan, download statements, and release funds easily through our My Account portal.
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Extra credit for increased fund value
If the value of your mutual fund rises during the loan tenure, you may be eligible for additional credit on the lien-marked funds.
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Pre-approved offers for new customers
Check pre-approved offers by providing your mobile number, available for both new and existing customers.
Eligibility criteria and documents required for loan against mutual funds
Anyone meeting the basic criteria below can apply for a loan against mutual funds online. Ensure you have the required documents ready when applying.
Eligibility criteria
- Nationality: Indian
- Age: 21 to 90 years
- Employment: Salaried, self-employed
Security value: Minimum Rs. 50,000
Documents required
- PAN card
- KYC documents: Aadhaar/ passport/ voter’s ID
Consolidated Account Statement
Corporates/ HUF/ LLP/ Partnership/ Trust/ Sole Proprietorship can apply for loan against mutual funds of up to ₹1,000 Cr, by reaching us at las.support@bajajfinserv.in.
Applicable fees and charges
Types of fees |
Charges applicable |
Interest rate |
8% to 12% per annum |
Processing fee |
Up to 4.72% of the loan amount (inclusive of applicable taxes) |
Prepayment charges |
Full pre-payment –
Part pre-payment -
Sanction amount greater than 5 Cr – Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part pre-payment. |
Annual maintenance charges/Renewal fees |
Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount |
Bounce charges |
Rs. 1,200 per bounce per bounce per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
Penal charge |
Delay in payment of instalment(s) shall attract penal charge at the rate of 18% per annum per installment from the respective due date until the date of receipt of the full instalment(s) amount. |
Brokerage charges* |
As applicable at actuals |
DP charges** |
As applicable at actuals |
Pledge confirmation charges** |
As applicable at actuals |
Pledge invocation charges** |
As applicable at actuals |
Demat share transfer charges (post invocation)** |
As applicable at actuals |
Legal charges |
Recovery of charges |
*Charges levied by Broker to BFL and the same is being passed on to the clients.
**Charges levied by NSDL / CDSL / RTA to BFL, and the same shall be recovered from clients at actuals
How to apply
Step-by-step guide to apply for loan against mutual funds
Step 1: Click 'Apply'.
Step 2: Enter your personal details (name, PAN, DOB, etc.).
Step 3: Verify your email address.
Step 4: Your portfolio details will be fetched using CAMS and KFintech systems.
Step 5: Choose funds from your portfolio, enter units for lien marking, and generate a loan offer.
Step 6: Review the loan offer and proceed if eligible.
Step 7: Complete the lien marking by entering the OTP.
Step 8: Finalise KYC and bank verification to generate the sanction letter.
Step 9: Accept the agreement and consent for loan sanction and disbursement.
Step 10: After verification, the loan will be credited to your account.
Frequently asked questions
The loan against mutual funds is available for salaried and self-employed individuals. Corporates, HUFs, LLPs, Partnerships, Trusts, and Sole Proprietorships can apply for loans offline, subject to credit history and the value of the pledged funds. Contact las.support@bajajfinserv.in for more details.
You can access loans against a wide range of 5000+ funds.
The loan-to-value currently offered against mutual funds are as follows:
For mutual funds: up to 90%
Please note that the above are subject to change depending upon the applicable regulations and internal policies of BFL.
The tenure of the loan is 7 days to 36 months, with renewal at Bajaj Finance Limited’s discretion.
For sanctioning loans against mutual funds, we have 5000+ approved schemes, units of which are acceptable to BFL. The list of approved securities may be modified by BFL from time to time as per the internal policies and procedures of BFL.
For support, write to las.support@bajajfinserv.in.
Yes, part-prepayment or foreclosure is allowed before the loan tenure ends.
You can view the pledged securities via the Interim Valuation Report (IVR) in the LAS service section.
For mutual fund schemes, it is updated at the end of every day.
Interest on a loan against mutual funds facility is payable monthly.
No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.
The interest cycle is calculated from the 7th day of each calendar month to the 6th day of the succeeding month. Interest due towards a loan against securities is generated on the 7th of every month.
All AMCs registered with CAMS (Computer Age Management Services) and K-Fin Technology (Registrar) can be pledged to avail of a loan against mutual funds.
Opening a loan against mutual funds account through the Bajaj Finance platform with respect to individual borrowers and which is subject to successful KYC completion.
For easy and smooth onboarding, we recommend keeping the below documents handy:
- PAN card
- Proof of identity and address (Aadhaar, passport, driving licence, voter ID etc.)
- Fund holding statement
- Share your holding statement at Las.support@bajajfinserv.in
- Lien letter shall be prepared by us on the free units & sent back to via mail along with a Bajaj Covering letter for your attestation
- Shares the docs back with us at Las.support@bajajfinserv.in & your lien request letter will then be further submitted to the AMC
- AMC will review and lien mark post verification
*Final loan amount shall be calculated basis the units & price of the effective lien marked mutual funds.
Post successful execution of the agreement and additional documents as required by BFL, and lien marking of mutual funds, the loan amount will be disbursed to your registered bank account within minimal time.
90% LTV is always required to be maintained for loan against funds facility. LTV may alter as a result of regulatory changes. Any shortfall in the maintenance of the 90% LTV occurring on account of movement in the fund prices shall be filled within 7 business days.
Further, in case the Drawing Power (DP) to Loan value falls more than 85% then BFL will go ahead with the liquidation of mutual funds with an intimation to the borrower.
You can repay the shortfall or mark a lien on additional mutual funds to make the shortfall good.
In case you fail to fulfil the shortfall within 7 business days, Bajaj Finance Limited holds the right to sell the lien marked mutual funds to make good the shortfall.
You can release securities, provided you are not in shortfall and have excess withdrawable funds available. The request will be processed within minimal time post verification.
To avail a loan against mutual fund, an individual should be between 21 to 90 years of age.
A loan against mutual funds allows individuals to borrow by pledging their mutual fund units. The risk lies in a potential drop in the fund’s value, which may require additional pledges or repayments. If the borrower defaults, the lender may sell the units.
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.