FinEzzy : Mutual Funds Loan

FinEzzy offers an innovative solution for obtaining a loan against your mutual funds, allowing you to maintain your investments while gaining access to cash swiftly. The process is entirely digital, ensuring a secure experience with the convenience of receiving funds in less than 15 minutes, which enhances its appeal for those in need of quick financial support.

Key Features:

• Competitive Interest Rates: Starting as low as 7.46% per annum.
• Maximized Loan-To-Value: Borrow up to 95% of the current value of your holdings.
• Flexible Repayment Options: Choose between EMI or interest-only repayment plans.
• No CIBIL Score Requirement: No need for bank statements or income proof.

Reasons to Consider FinEzzy:

• Funds are directly credited to your bank account within 15 minutes.
• A fully digital journey simplifies the entire process.
• No processing fees are involved.
• No hidden costs or charges for early loan closure.
• The system guarantees proper pledging of mutual funds for the loan.
• Your financial data and investments remain entirely secure.

Simple 4-Step Process:

1. Consent to fetch mutual fund holdings from AMCs.
2. Assess credit limit and pledge mutual fund units.
3. Complete the paperless KYC process.
4. Voila! Receive the money within 15 minutes.

Loan Terms:

• Tenure: 6 months to 24 months.
• Loan Limit: ₹5,000 (minimum) to ₹15,00,000 (maximum).

Sample Loan Calculation (Illustration):

• Principal Amount: ₹1,00,000
• Tenure: 12 months
• EMI: ₹8,955 (includes both principal and interest)
• Total Loan Repayment Amount: ₹1,07,460
• Total Cost of Loan: ₹7,460 (interest only)
• Annual Percentage Rate: 7.46%

An interest-only loan against your mutual funds would involve a monthly payment of ₹1,000 in interest for a year, with the repayment of the principal amount due at the end of the term, totaling ₹1,12,000.

About FinEzzy:

This platform is designed for individuals seeking swift loans against their mutual fund portfolios. It supports all Asset Management Companies (AMCs), providing a seamless and efficient borrowing experience with attractive terms and flexible EMIs starting at 7.46% per annum.

Frequently Asked Questions (FAQs):

How does FinEzzy work?

The platform connects borrowers with various financial institutions including banks and NBFCs that provide loans against mutual funds.

What is the minimum and maximum loan amount?

The minimum loan amount available is ₹5,000, while you can borrow up to ₹15 lakhs.

I have a very low CIBIL score. Can I obtain a loan?

You can still secure a loan against your mutual funds regardless of your CIBIL score, as the loan is backed by your holdings.

Are there any pre-closure charges?

No pre-closure charges apply.

Is income proof or bank statement required?

No documentation such as income proof or bank statements is necessary to secure a loan against mutual funds.

Can I use this loan for any purpose?

The loans can be utilized for unforeseen financial needs such as medical emergencies or other personal requirements without restrictions.

If you have further inquiries, you can reach out via email at [email protected] or chat on WhatsApp at +91 9311266450. The registered office is located at Radical Advisors India Private Limited, 520 Somdutt Chamber-II, 9 Bhikaji Cama Place, New Delhi 110066.

Lending Partner: Grow Money Grow Money Website

Main Website: FinEzzy Website

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