Loan Against Securities: How Mirae Asset Financial Services is simplifying the process

Loan against mutual funds and loan against shares have been available for years but most retail investors are not aware of them. Even investors who are aware do not avail it, largely because of the difficult physical process involving multiple branch visits, reaching out to RM and submitting tons of documents for KYC, lien marking, etc. After all this hassle, investors have to wait for days for the loan account to be created. And if they want to de-pledge securities, then the process is even tougher and time-consuming.

Mirae Asset Financial Services provides loan against mutual funds in just 15 minutes and loan against shares on the same day. Loan against securities is provided as an overdraft facility, where one can withdraw the required amount and repay partially or completely without any prepayment charges. The interest is charged only on the amount utilised and for the duration it is utilised. If no amount is withdrawn, then no interest is charged. It’s a great tool to have emergency funds available at all times while the long-term investments grow.

Customers can avail the loan by completing these simple steps:

Mirae Asset Financial Services is quick, economical and provides greater repayment flexibility compared to unsecured loans and credit cards.

With loan against securities, investors can take care of their short-term financial needs without redeeming their long-term investments and compromising their goals.

(Above mentioned article is a sponsored feature, This article is a paid publication and does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever)