Securing a advance against your equity fund holdings has become an increasingly accessible option for many, but understanding the present interest landscape is crucial. As of [Date - e.g., October 26, 2023], rates generally fall between 6.5% and 11.5%, though this can vary significantly based on the lender, your credit rating, and the overall value
Loan against Mutual Funds: An Interest Rate Overview
Considering a loan/advance/borrowings against your mutual funds? It can be a flexible/convenient/handy way to access funds/capital/cash, but it's crucial to understand the interest rates/cost of borrowing/financing charges involved. The interest rate per annum on loans against mutual funds is influenced by/determined by/affected by several factors,
Access Liquidity with a Loan Against Mutual Funds
Are your facing an unexpected situation and require immediate access to funds? A loan against mutual funds can be a valuable solution. This type of loan allows investors to use the value of their existing mutual fund investments as security for a loan. By borrowing a loan against your funds, yourselves can circumvent selling your investments at pot