Get Loan Against Mutual Funds
in 15 Minutes

Do you have Mutual Funds worth ₹ 50,000?
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1. Apply
Online

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2. Pause
SIP

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3. Pay
EMI

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4. Repay
Loan

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5. Restart
SIP

BORROW SMARTLY

Let your money continue to earn returns during the loan tenure.

TRUSTED PARTNERS

What Is Digital Loan Against Mutual Funds?

With a Digital Loan against Mutual Funds, you offer your Mutual Fund 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 redeem or sell them while you have pledged them to the lender.
You may borrow up to 50% of the value of your Equity Mutual Fund schemes in your portfolio. The value of your Mutual Fund scheme is derived by multiplying the number of units by the scheme's NAV. The total value of all Equity Mutual Fund schemes will be used to calculate your portfolio value.

BENEFITS

What you get

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15 minute process

Borrowing with DhanLAP is easy. Complete the simple loan process and your loan application will be processed immediately within 15 minutes.
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Fully Digital Process

With DhanLAP’s online loan application process, you will not be required to submit any physical documents at any time during the application process.
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Loan Tenure

We are currently offering loan tenures of 6 months, 12 months 18 months and 24 months.
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Get Instant disbursal to your Bank Account

Apply and get funds directly to any of your bank accounts from the comfort of your home.
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Best Interest Rate

Get a loan at an attractive Interest rate starting at 10% p.a on the utilised amount.
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Loan Value

With DhanLAP you can get a loan starting at a minimum of ₹25,000 onwards.
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Retain Ownership

Pledging your investments ensures that your savings grow, and your wealth plan remains intact even while you borrow.
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Preclosure charges

At DhanLAP, we offer maximum flexibility for our customers. Hence, there are no pre-payment charges or penalties after 6 months.
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Repayment

We offer two repayment options for the loan: EMI and Balloon repayment. You also can choose any date for your monthly repayment from 1 to 28.
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Approved funds across all AMCs

All Equity Mutual Funds offered by all Mutual Fund companies are eligible for loans at DhanLAP.

PROCESS

As simple as 1, 2, 3...

Signup

Download our app or Signup with you email and mobile number in web
1

Verification

One-time online verification using your PAN & Aadhaar details
2

Select Mutual Funds

Select the Mutual Funds for which you are going to take loan
3

Bank Verification

Verify your bank account and setup E-mandate
4

Video KYC

Our Agent will verify you and your PAN details via video call
5

Lien marking

Lien mark your funds at CAMS & KFINTECH RTAs
6
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Read & E-Sign loan agreement

Digitally sign loan agreement with OTP authentication
7
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Overdraft or Immediate disbursal

Whatever you apt for, you will receive your money within the same day
8

CALCULATOR

How much will it actually cost?

With our overdraft facility you will pay Installment only on the amount that you choose to get disbursed

CHOOSE AMOUNT & TENURE
Interest 10%
Loan Amount
Tenure

Estimated Installment

EMI
8,791
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EMI(Interest + Principal)
Pay equal monthly installments towards Interest & Principal.
OR
Balloon
833
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Balloon(Interest only)
Pay monthly installments towards interest only. Settle the principal at the end of tenure.
Loan Against Securities

Maximum Annual Percentage Rate (APR): 10%

1. Example - Balloon Payment
-Principal Amount => ₹1,00,000
-Annual Interest Rate(APR) = 10%
-Tenure => 12 Months
-Pay only Interest for 12months = ₹833.33 x 12 = 10000. (The principal amount needs to be repaid at the end of the loan tenure)
-Processing Fee = ₹1000 + GST
-Stamp Duty = ₹20 + GST
-Total Loan Repayment Amount = ₹110000 (Principal and Interest)
-Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹10000 + ₹1000 + ₹20 = ₹11020 (Excluding GST)
For the loan against securities with a balloon payment, the borrower pays only the interest amount of ₹10000 for 12 months, and repays the principal amount of ₹1,00,000 at the end of the 12-month tenure, with a total loan repayment amount of ₹1,10,000 and a total cost of loan of ₹11,020 (excluding GST).
2. Example - EMI Payment
-Principal Amount => ₹1,00,000
-Annual Interest Rate(APR) = 10%
-Tenure => 12 Months
-EMI => Principal + Interest = ₹8791.59.
-Processing Fee = ₹1000 + GST
-Stamp Duty = ₹20 + GST
-Total Loan Repayment Amount = ₹105499 (Principal and Interest)
-Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹5499 + ₹1000 + ₹20 = ₹6519 (Excluding GST)
For the loan against securities with EMI payment, the borrower repays the loan in equal monthly installments of ₹8,791.59 for 12 months, with a total loan repayment amount of ₹1,05,499 and a total cost of loan of ₹6,519 (excluding GST), including processing fees and stamp duty.

Documents required

(This is an end-to-end digital process. Hence, no physical documents are required to be submitted.)

Aadhar Black Icon
Aadhaar number
Pan Black Icon
PAN Number
IFSC Black Icon
Bank IFSC code
Bank Black Icon
Bank Account number
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Mobile number associated with your Aadhaar & Bank account

Eligibility

You should be between 18 and 65 years of age
Your entire mutual fund portfolio should not be less than ₹50,000
You should hold Mutual Funds approved with CAMS & Kfintech (RTAs). Debt & ELSS funds are not eligible.
Joint mutual fund holders are not eligible for loan
You should be an Indian resident

CHARGES

We are transparent about our charges

Minimum loan amount
₹25,000
Loan Tenure
6 months to 24 months
Interest rate
Flat 10% p.a (on utilized amount)
You can opt for overdraft facility. And pay installments only on utilized amount.
Processing Fee
1.5% 1%*
For e.g., You’ll pay ₹ 500 for ₹ 50,000 loan amount.

ONE-TIME LIEN MARKING CHARGES


Stamp Duty
₹20 + ₹3.6 GST
CAMS Lien marking charges
₹500 + ₹90 GST
Charged only if you lien mark funds managed by CAMS
KFintech Lien marking charges
₹300 + ₹54 GST
Charged only if you lien mark funds managed by KFintech

PREPAYMENT CHARGES


(By prepaying your Installments can be reduced)
Upto 3 Months
3% of Prepayment amount
3 months 1 day to 6 months:
2% of Prepayment amount
More than 6 months
NIL
Same charges applicable for loan foreclosure

OTHER CHARGES


Annual charges
NIL
Withdrawal charges
NIL
Collection charges
NIL
In case of Default

OUR LENDING PARTNER

*Taxes as applicable
Our vision is to provide customers with the most efficient way of managing their assets to get more out of it.
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DhanLAP, dhanlap.com are brand and product of Ark Neo Financial Services Pvt. Ltd.
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