Fibe Loan Against Mutual Funds

High Loan Amount | Low Interest Rates | Interest-only Repayment APPLY NOW

Imagine needing funds immediately but not wanting to sell the mutual fund (MF) investments you added to your carefully curated portfolio. With a Fibe Loan Against Mutual Funds available on Bajaj Markets, you can now borrow up to ₹10 Lakhs.

This quick financing option helps you meet urgent financial needs without disrupting your investment strategy. It comes with interest rates starting from just 11% p.a. and a tenure of 6 months. Whether it's an urgent expense or a short-term goal, this loan helps you to stay financially stable while your mutual funds continue to grow.

Interest Rates and Charges

The Fibe Loan Against Mutual Funds interest rates and charges are as follows:

Interest Rate	11% p.a. onwards
Processing Fee	Up to 1.5% of the loan amount (minimum ₹399 and maximum ₹5,999)
Late Payments Fee	₹100
Foreclosure Charges	Nil
Lien Marking Charges	₹500
Partial Unlien Fee	₹550

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

Features and Benefits

High Loan Amount

Depending on your eligibility and the loan-to-value (LTV) ratio offered by Fibe, you can get a loan ranging from ₹15,000 to ₹10 Lakhs.

Interest Rates

You can get the loan at interest rates starting as low as 11% p.a., enabling you to save on repayment costs.

Rapid Disbursal

Once approved, the loan amount may be credited to your bank account within just 2 minutes.

Interest Only Repayment

You can opt for balloon payments where you are required to pay the interest charges each month. The principal amount should be paid at the end of the set tenure of 6 months.

Highest Number of Scrips

You can pledge from a wide variety of mutual funds (up to 8,000 options) to secure the loan. This ensures you are not restricted by the type of MF you hold, making the loan more accessible.

LTV Ratio

Get a loan of up to 80% of your mutual fund’s current market value with a Fibe Loan Against Mutual Funds.

Eligibility Criteria and Documents Required

Here are some simple eligibility requirements you may have to fulfil to qualify for a Fibe Loan Against Mutual Funds:

You must be between 19 and 65 years of age
You must have a CIBIL score of 500 or more

Note: If you have demat-based mutual funds, you may not be eligible for a Fibe Loan Against Mutual Funds.

Alongside this, you may also be required to furnish the following documents when applying for the loan:

Proof of Identity and Address: PAN and Aadhaar card
Bank Details

You may be asked to submit some additional documents. Thus, be sure to get a complete list of the documents required from the lender.

How much can I borrow with a Fibe Loan Against Mutual Funds?

You can borrow anywhere between ₹15,000 and ₹10 Lakhs. This depends on your mutual fund’s market value and the loan-to-value (LTV) ratio, which can go up to 80%.

What is the interest rate for this loan?

The interest rate ranges from 11% p.a. to 14% p.a., offering a cost-effective borrowing option.

How quickly can I get the loan amount?

The loan is disbursed within 2 minutes of approval, making it an ideal solution for urgent financial needs.

Is there a processing fee for the loan?

Yes, a processing fee of up to 1.5% of the loan amount applies. The minimum fee is ₹399, and the maximum is ₹5,999.

Are there any prepayment or foreclosure charges?

No, there are no foreclosure charges for this loan, giving you the flexibility to repay early without penalties.

Can I pay only the interest during the tenure?

Yes, the loan offers an interest-only repayment option, where you pay only the interest each month and the principal at the end of the 6-month tenure.