Customers can get hassle-free loans ranging from Rs 5 lakh to Rs 2 crore through Tata Capital Ltd's mutual fund loans. The digital lending programme is available for a variety of mutual fund equity and debt schemes.
Customers can get a loan by putting a lien on mutual fund units that are managed by various asset management firms.
The following are some of the most significant advantages of a digital loan against mutual funds:
It offers consumers an end-to-end online experience, from onboarding to disbursement.
The loan can be used as either an overdraft or a term loan.
The auto renewal feature is included in the package and is available for periods longer than one year, subject to a mutual fund portfolio review.
The entire onboarding process takes only a few minutes.
Drawdown, distribution, extra pledging, and de-pledging are all available through the service site. It also allows for simple document execution through the internet.
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