With Loan against Mutual Fund, you offer your MF units as collateral for the loan. The lender holds the Mutual Fund units as a security till you repay the loan amount. Your Mutual Funds will continue to earn returns, but you cannot sell them while you have pledged them to the lender.

All equity mutual funds offered by all mutual fund companies (exception - Franklin Templeton) are eligible for loans at DhanLAP.

Not eligible - Tax Saving Funds, Debt Funds and Joint Holdings.

You do not need any physical documents to get this loan. You only need:

1. CAS

2. Aadhar number

3. PAN number

4. Bank account number

5. IFSC code

6. You also need to have access to the mobile number associated with your Aadhar and bank account.

At DhanLAP we generate your CAS automatically during your loan process.

All you have to do is upload the CAS that was sent to your email by CAMS Mailback.

You can also forward the CAS directly from your email to

tech@dhanlap.com

When you take a loan against your mutual fund units, we pledge your mutual fund units, so that it cannot be redeemed until you pay back the loan. The lien marking is done digitally and in real-time.

Yes, you can lien mark any equity mutual fund units of your choice in your mutual fund portfolio. We will show you an optimal allocation for lien marking depending on your portfolio and loan amount that you had asked for. You can change the schemes and units and have your own allocation for lien marking. We are completely flexible with it.

You can sign up at MFCentral and put a service request.

MFCentral will update the email/mobile number on your behalf within 1-2 days.

Once you repay your full loan amount, your funds will be unlienmarked immediately.

Loan Against Shares helps you avail loan by pledging your shares with DhanLAP, you can get upto 20 lacs as loan by pledging your shares to meet your personal needs.

Minimum 3 share should be pledged.

Collateral value of any 1 share shouldn't exceed 50% of the Total Collateral Amount.

Only Individuals can apply. (Hindu Undivided Families (HUFs), Companies, Partnerships, Sole Proprietors, NRI are not currently eligible)

You must be in the age range of 18 to 70 years.

You can get a loan up to 50% of the present value of your Shares

Minimum Loan Amount - ₹25,000.

Maximum Loan Amount - ₹20 Lakhs.

We currently support only Brokers that are registered with NSDL.

Check our approved shares list:

Once you settle your outstanding loan amount, the pledge on your shares will be removed immediately.

To be eligible for a loan with DhanLAP,

1. Your entire portfolio, should not be less than ₹50,000.

2. You should be above 18 years of age.

3. Joint account holders are not eligible for loan.

We accept accounts at all banks recognized by RBI. There are no restrictions for any bank in our platform.

You can borrow up to 50% of your portfolio.

Video customer in-person verification is referred to as VCIP. It is an RBI requirement, and each user must undergo VCIP before the loan can be granted.

You should have your original Aadhar and PAN card with you while undergoing the VCIP.

There are two repayment options for the loan: EMI and Balloon repayment.

EMI Repayment: Pay a monthly installment that is divided between interest and principal repayment.

Balloon Repayment: Pay only the loan interest every month and the principal amount at the end of the loan period.

Our platform offers a end-to-end digital process for taking your loan. Once the process is completed the loan will be disbursed to your bank account immediately.

We are currently offering loan tenure of 6 months, 12 months 18 months and 24 months.

You can choose any one of the tenures for your loan.

Yes, you can choose any date for your monthly repayment from 1 to 28.

At DhanLAP, we offer maximum flexibility for our customers. Hence, there are no pre-payment charges or penalties after 6 months. You can choose when you want to repay the amount.

The prepayment charges if you prepay before 6 months are as follows:

0 to 3 months - 3%

3 months 1 day to 6 months - 2%

The charges will be applicable on the prepayment amount.

Yes, we check your credit score with a RBI recognized credit bureau. You will be getting a credit report too in your email. It is a RBI regulation that we need to do a credit check before offering you a loan.

DhanLAP provides a credit limit/overdraft facility.

Enjoy the benefits of overdraft. Pay installments only for the amount you withdraw.

If the total value of your mutual fund units falls below 90% of the lien marked value, you will get a warning email and sms to replenish the amount. If the value falls below 80% you will get a final warning email and sms to replenish the amount. If the value falls below 75% of the lien marked value, we will sell the mutual fund units and take our principal and interest and transfer the remaining amount to your bank account.

Only Individuals can apply. (Hindu Undivided Families (HUFs), Companies, Partnerships, Sole Proprietors, NRI are not currently eligible)

During the loan process, an eMandate (NACH) is established with your bank account to deduct the monthly EMI/Balloon payment amount to repay the loan. The sum will be withdrawn from your bank account automatically, based on the date you choose, to pay your EMI/Balloon installments. We will notify you with an SMS and an email before deducting your monthly payments so that you may ensure that the funds are accessible in your bank account.

Yes, you can choose any date for your monthly repayment from 1 to 28.

If you are not able to repay the loan, you have the option to ask us to sell off the mutual fund units, repay the principal, interest and get back the remaining amount in your bank account.

Absolutely, you have the option to prepay the loan partially or fully whenever you choose.