Benefits:
Get instant money without selling your mutual funds or shares.
Low interest rates starting at just 8% p.a.
Affordable processing fee - only 2%.
Loans starting from ₹10,000, up to 75% of your mutual fund value.
No income proof or CIBIL score needed.
Keep earning returns on your investments while borrowing.
- Quick & fully digital process with instant disbursal..
ZERO prepayment or foreclosure charges - no extra costs!
Whom to sell?
1. Customers must have mutual funds/shares/bonds etc worth ₹20,000 or more. They can buy mutual fund and then apply in next 2 days.
2. No cibil score, income proof and professional details required.
3. Documents required - PAN & Aadhaar Linked with mobile number.
4. Email ID should be registered on CAMS for mutual fund verification.
5. Available PAN-India.
6. Tax saver mutual funds (ELSS) are not eligible for loan
How it works?
(Extra 0.60% on Loan disbursement of more than ₹25,000)
Steps for Applying for a Loan via Abhiloans:
1. Jast apply now
2. click on the apply now and provide basic information.
3. Fill in the OTP received from CAMS/MF Central on the customer's mobile number.
4. If they have eligible mutual funds, the amount will be displayed on the screen.
5. Click on the "Apply Now" button.
6. Log in to Abhiloans via your Aadhaar-enabled mobile number.
7. Verify the mobile number using OTP.
8. Upload your KYC documents or use DigiLocker to complete eKYC.
9. Select the purpose of the loan.
10. Fill in address and bank account details.
11. Select preferable mutual funds or shares against which you wish to take a loan.
12. If shares are selected:
- Choose whether your Demat Account is with NSDL or CDSL
- Enter your NSDL/CDSL account details and select the shares you wish to take a loan against (as collateral).
13. Eligible loan amount, tenure, and other details will be displayed on the screen.
14. Read and accept all the terms and conditions and complete the eSign process for disbursement.
15. For mutual funds:
Choose CAMS.
- Enter your registered email ID with CAMS and select the mutual funds you wish to take a loan against (as collateral).
- Eligible loan amount, tenure, and other details will be displayed on the screen.
- Read and accept all the terms and conditions and complete the eSign process for disbursement.
16. Mark a lien on the mutual funds or shares starting at ₹20,000.
17. Relax and wait for your loan to be disbursed into your account within 4 hours.
18. Once your customer's personal loan is approved, the loan amount will be transferred to their savings account.
19. The amount will reflect on the GroMo app within 7 days.
Terms & Conditions
1. apply Now the loan process.
2. This offer is valid only for new customers.
3. Interest rates may vary depending on the customer's profile.
4. Customers must possess mutual funds, shares, bonds, or similar assets to qualify. Lead Payout is only for customers with eligible mutual fund of ₹50,000 or more.
5. Single mutual fund unit holders are eligible to borrow a loan.
6. Mutual fund units registered with CAMS, KFintech, or held in a Demat account are eligible for lending.
7. Loans can be availed against approved shares units in NSDL.
8. A loan against shares provides a convenient option for stock market investors to borrow money by pledging their shares held in a Demat account.
9. If the partner suppresses any information or gets involved in fraudulent activity, they will be liable for the losses, and their account and earnings will be blocked or frozen..
10. The partner must not accept any payment or offer any incentives to the customer.
11. The partner must avoid making false promises or providing misleading information to the customer. They will be held accountable for any claims arising from such actions.
12. The partner must not indulge in any malpractices, including but not limited to:
- Sharing their ID with others.
Subcontracting their work.
- Using their own number instead of the customer's.
- Processing an application without the customer's consent.
- Mis-selling or failing to clearly explain the loan details to the customer.
Note: Partners and customers are advised to adhere strictly to these terms to ensure a smooth and transparent loan application process.