Since cash crunches have become a common phenomenon, having affordable funding solutions is an essential requisite. Having said that, these funding solutions need to be really affordable and accessible in order to be helpful.

For instance, a loan against mutual funds which lets people mortgage their mutual funds bonds and avail a loan against it can be a good option. However, in order to optimize the facility to a maximum, the applicant must be completely aware about all the ins and outs. Hence, on a similar note, below is a small guide on how to get a loan against property. 

What is a loan against mutual funds? 

A loan against mutual funds is a type of mortgage loan wherein the applicant gets to pledge their bonds and other securities as collateral to borrow a loan. The said facility can be availed from any bank or NBFC given the borrower has the required creditworthiness. The best part about this facility is, the borrower gets the desired financing while securing the maturity value of the investment at the same time.

How to apply for a loan against bonds? 

The application procedure is very simple. You can visit the nearest branch of the bank or NBFC you wish to proceed with for the loan and apply then and there. You can also use the online application feature provided by the lender to avail the loan. Just navigate to the online application feature, fill in the application form, attach all the necessary documents and then submit it. Once approved, the money will be disbursed directly into your bank account.

To know more about this facility, click here: A Handy Guide on How to Take a Loan Against Mutual Funds    

There arise many instances in our lives wherein we require funds on a short notice but we do not have the requisite amount in our savings. The emergency is of such a pressing nature that we cannot wait for a bonus or salary hike and the assets cannot be liquidated on such a short notice. Despite this many individuals go ahead and sell their assets at a loss and lose ownership as well.

What such people do not know is that instead of selling off their high-value investments such as mutual funds, they can apply for a loan against it. This not only helps in retaining ownership but they also continue to earn interest for the period during which they are pledged as a collateral.

Availing Loan Against Mutual Funds

There are a number of financial institutions including NBFCs (Non-Banking Financial Companies) which offer loan against mutual funds at nominal rates. One of the biggest benefits provided by NBFCs is that of the sanctioned amount, you have the liberty to use as much money as you require and pay interest only for the part that is used. This greatly reduces the installment which is paid each month.

Loan Against Mutual Funds

The process of application is very easy. Here’s how you can do it - 

1. Apply for the loan online
2. Fill out the application form with the basic details
3. A confirmatory text will be sent along with an email regarding the status
4. Next, a representative will visit you to complete the process and gather documents
5. Once your documents have been verified, the funds are disbursed in a very short span of time. 

You can also track the disbursal of the loan from the online account which is provided to you.

To know more about this loan facility, click here: How to Avail a Loan Against Mutual Funds

Did you know that your fixed asset such as property can be a lifesaver especially in times of financial need. It can be used to pay for expensive purchases, for medical treatment, higher education, wedding and much more.

Lenders let you avail loan against property for residential or commercial. Where, as a borrower you can obtain up to a maximum of 60% to 70% of the market value of the property as loan.



Here’s a low down of the various aspects of the loan against property -

The Application Process - It is very easy to obtain the loan online. You have to simply fill up an e-form and provide the necessary details to get started. The process does not take long, is hassle free and secure, as your personal information is never compromised. Moreover, if you prefer getting in touch with the lender’s representative you can do so too at your convenience and have the process done at any of your nearest branch.

The Paper Work - One of the most important aspect of the loan is the documentation which supports your loan application. Be it your KYC documents or the copy of the property to be mortgaged submitting the relevant documents, when needed, will increase the chances of your application getting accepted for the loan. If you fall short of any paperwork have them arranged in advance and keep original copies with you for record-keeping purposes.

Easy Repayment - Get the loan from reputed lenders such as NBFCs who offer facilities such as - the Flexi Hybrid and Balance Transfer to help you manage your finances well.

Additional Reads:

How to Qualify for Loan Against Property in 5 Steps?
Everything you Need to Know about Loan Against Property