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How to avail HDFC Bank Digital Loans against Mutual Funds in just 3 min

May 24, 2018, 04:31 PM IST

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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Log in to HDFC Bank Netbanking

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Enter your KYC and other personal details

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After choosing relevant options, register for myCAMS and choose the fund type you would want loan against

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Login to your myCAMS account

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Select which mutual funds you would like to pledge from your portfolio 

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Click on loan terms and conditions 

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Input one-time password (OTP) and overdraft will be ready to use in your account