DhanLAP Mutual Fund Loan vs Mirae Asset Mutual Fund Loans

DhanLAP is a prominent provider of loans against mutual funds and shares, offering customers the opportunity to leverage their investments for financial support. DhanLAP's distinct features and competitive terms, making it essential for customers to understand the differences to make an informed decision. More than 10,000+ customers trust.

Comparison Between DhanLAP Mutual Fund Loan vs Mirae Asset Mutual Fund Loans

Category DhanLAP - Loan against Mutual Funds Mirae Asset - Loan against Mutual Funds
Application process • Applications for DhanLAP Loan against Mutual Funds is entirely digital and only takes 15 minutes to complete the application • Applications for Mirae Asset Loan against Mutual Funds can be made online
Loan Amount ₹25000 to ₹5Crore ₹10000 to 1Crore on equity mutual funds.
Upto ₹3Crore on debt mutual funds
Rate of Interest • Flat 10 % p.a • 9% to 24% per annum
Processing Fee • 1% of the loan amount plus applicable service tax • Fixed processing fee ₹2000 + taxes as applicable
Loan Tenure 6, 12, 18 and 24 months & renewable thereafter 12 Months & renewable thereafter
Eligibility • Applicant must be at least 18 years of age and not more than 75 years.
• Single mutual fund unit holders can borrow a loan.
• Mutual funds units in CAMS, KFintech & in DEMAT are accepted
• Applicant must be at least 18 years of age and not more than 75 years of age
• Single mutual fund unit holders can borrow a loan
• Mutual funds units in CAMS, KFintech & in DEMAT can get lending too
Credit Score • No Credit Score Limit NA
NRI Cutomers • Supports NRI customer with NRE and NRO accounts NA
Loan to Value (LTV) Ratio • Equity Funds: 50% of your mutual fund unit value
• Debt Funds: 70% LTV
• Equity Funds: Up to 45% of your equity mutual fund unit value
• Debt Funds: 80% LTV
Payment Options • EMI Repayment: Pay a monthly instalment 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.
• Balloon Repayment: Pay only the loan interest every month and the principal amount at the end of the loan period.
Prepayment charges No Pre-payment penalty after first EMI payment NA
Documentation • Fully Digital
• Aadhaar number
• PAN Number
• Bank IFSC code
• Bank Account number
• Mobile number associated with your Aadhaar & Bank account
• Aadhaar number
• PAN Number
• Bank IFSC code
• Bank Account number
• Mobile number associated with your Aadhaar & Bank account
Turnaround time 15 Minutes Sameday
Loan on all days • Loan on all days, including saturday and sunday • Monday to Friday.
Pros • Comparatively lower interest rates
• Lower Processing Fee
• No prepayment charges after first EMI payment
• Mutual Fund Loans can be availed as overdraft
• Pay interest only on the used amount
• Competitive interest rates
• No prepayment charges
• Pay interest only on the used amount
Cons • The Minimum loan amount is higher • EMI option not available
Popular Products • Loan against Mutual Funds
• Loan against Shares
• Loan against Mutual Funds
List of Approved Schemes All Equity and Debt Mutual Funds Schemes All Equity and Debt Mutual Funds Schemes
Minimum Withdrawal Amount • Minimum withdrawal amount is ₹1,000 NA
Revolving credit • Available • Available
Loan Renewable • Renewal available after the loan tenure • Renewal available after the loan tenure
Annual Renewal Charges NA ₹999 + GST
Stamp Duty Charges ₹20 + GST ₹500 + GST
One-Time Lien Marking Charges • CAMS Lien marking charges : ₹500 + GST
• KFintech Lien marking charges: ₹300 +GST
NA
Support • Chat
• Mail
• Call
• Whatsapp
• Mon to Sun. 9 AM to 9 PM
• Mail
• Call
• Monday to Friday 9 a.m. to 6 p.m

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