Start with Abhi Loans Against
Mutual Funds in few steps
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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 |
Unexpected financial needs can be stressful when you don't have enough savings to cover them. But don't worry, Abhi Loans is here to help. Our unique Loan Against Mutual Funds is the perfect solution for those times when you need money quickly, but don't want to sell your mutual funds. With Abhi Loans, you can take out a loan using your mutual funds as collateral, so you don't have to worry about losing your investment.
Don't let a low credit score hold you back. With Abhi Loans, you can get instant funds for capital or emergencies without redeeming your MF units, keeping your mutual funds safe and earning you returns throughout your loan tenure. Discover more about the Loan Against Mutual Funds by Abhi Loans and take control of your finances today.
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 |
Benefits of Obtaining a Loan from Abhi Loans
- Affordable EMI: Abhi Loans offers low EMI options for loans against securities, starting at just Rs. 1166 per month for a loan of Rs. 1,000,000.
- Quick Approval: Your loan against securities is approved instantly, and the funds will be transferred to you in just four hours. They also promise to refund half of your processing fee if they are late.
- No Prepayment Penalties: You have the freedom to pay off your loan early without any additional fees.
- Customizable Loan Amounts: Get the funding you need, from Rs. 5,000 to Rs. 1,000,000, against your securities.
- Keep Asset Growth: By using your assets as collateral, you can continue to grow your wealth plan and savings while borrowing.
- Convenient Online Application: Apply for a loan from the comfort of your home and receive the funds directly into your bank account.
Abhi Loans Eligibility
Single mutual fund unit holders can apply for a loan.
Mutual funds units in KFintech, CAMS & DEMAT are also eligible for lending.
Indian residents and NRIs, Individuals between 18 and 75 years old, and above 75 years old with a medical certificate can also apply for a loan.Documents Required
PAN, Aadhar, Address proof
Approved Shares in Demat Form or Approved Mutual Funds in either Demat Form or Physical
How to Apply for a Mutual Funds Loan from Abhi Loans:
Step 1
Go to the Abhi Loans website
Step 3:
Complete the application form and submit any necessary documents for KYC verification.
Step 2
Enter your personal information, including your name and phone number to generate an OTP.
Step 4:
Wait for loan approval and disbursement, which will be deposited into your account in just a few hours.
Let's take an example to understand how EMI is calculated for Abhi Loan's Mutual Funds Loan.
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% |
