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.
What are the documents required to get a Loan against Mutual funds?
1. Aadhar number
2. PAN number
3. Bank account number
4. IFSC code
5. You also need to have access to the mobile number associated with your Aadhar and bank account.
Can I lien mark any mutual fund units of my choice?
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.
When will my funds be unlienmarked?
Once you repay your full loan amount, your funds will be unlienmarked in 2-3 Business days.
Which mutual funds are eligible for a loan?
We support all mutual funds across all Asset Management Companies (AMCs) for loans, except for locked-in units in Equity Linked Savings Scheme (ELSS) funds.
What is lien marking?
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.
How to update your mobile number or email address in your CAS?
You can change your email/mobile number though MFCentral
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
What is Loan Against Shares?(LAS)
Loan Against Shares helps you avail loan by pledging your shares with DhanLAP, you can get upto 5 cr as loan by pledging your shares to meet your personal needs.
How much money can I borrow as a loan?
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.
Do you support all Equity shares for Loan against Shares?
What is the eligibility to get loan against my shares from DhanLAP?
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.
Do you support all depositories?
We currently support only Brokers that are registered with NSDL.
When will you remove the pledge on my shares?
Once you settle your outstanding loan amount, the pledge on your shares will be removed immediately.
Our vision is to provide customers with the most efficient way of managing their assets to get more out of it.
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.
DhanLAP, dhanlap.com are brand and product of Ark Neo Financial Services Pvt. Ltd.
