Loan Against Mutual Funds
Interest Rates
At Abhiloans, we strive to provide transparent and competitive rates and fees to our valued customers. Here is a breakdown of the rates and fees associated with our loan products:
| Rate of Interest (Flat or Reducing) * | 8% to 24% Per Annum |
| Loan Tenure | 12 to 36 Months (Renewal Basis) |
| Loan Processing Fee | 2% of the Sanctioned Loan Amount or ₹ 1000 + GST (whichever is higher) |
| Installment Bouncing Charges | ₹ 500 + GST |
| Pre-closure Charges | Nil |
| Repayment Schedule | Nil |
| Pre-payment in Part or Full | Nil |
| Late payment/ Delay/Overdue interest charges | 2% Per Month on Overdue Amount |
| CIBIL Report Retrieval Fee | Nil |
| Legal Notice Legal Charges | Nil As Per Actuals |
| No Due Certificate (NDC)/No Objection Certificate (NOC) Duplicate NOC Pledge Creation Fees | Nil Nil Nil |
| De-Pledge Fees | Nil |
| Commitment Charges / Non-Utilization Fee (Applicable for Overdraft Facility) Cheques/ACH swapping | Nil Nil ₹ 500 + GST |
| Non-Registration of NACH | ₹ 1500 + GST Every Month |
| e-NACH cancellation without enabling alternative e-NACH | ₹ 1500 + GST Every Month |
We believe in maintaining transparency regarding our rates and fees. To obtain the most accurate and up-to-date information on rates and fees for your specific loan requirements, we recommend reaching out to our customer service team.
FAQs on Rates & Charges
Most frequent questions and answers
When you take out a loan against your mutual funds, the interest on the loan is generally charged monthly. To calculate the interest on the loan, the lender usually applies the interest rate to the outstanding loan balance.
Yes. We charge 2.36% of the loan amount or flat Rs. 1180 (whichever is higher) as processing fees. This includes all the taxes.
No. The interest rate won’t get changed during the loan tenure.
No, Abhiloans do not charge any prepayment charges or penalties
Apart from interest rate and processing fees, we do not have any additional or hidden charges for loans against mutual funds. You can refer to our Schedule Of Charges page.