PhonePe IPO39 min ago
How to avail HDFC Bank Digital Loans against Mutual Funds in just 3 min
HDFC Bank has just made life simpler for those who invest in mutual funds. The private lender on Wednesday launched its Digital Loans against Mutual Funds (LAMF) scheme, in partnership with transfer agent CAMS. Customers can avail this product through the HDFC Bank website in few easy steps. Here is how:
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1/7Log in to HDFC Bank Netbanking
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2/7Enter your KYC and other personal details
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3/7After choosing relevant options, register for myCAMS and choose the fund type you would want loan against
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4/7Login to your myCAMS account
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5/7Select which mutual funds you would like to pledge from your portfolio
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6/7Click on loan terms and conditions
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7/7Input one-time password (OTP) and overdraft will be ready to use in your account
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