back Back

5 FinTechs offering Mutual Fund-Backed Loans in India

By Gloria Mathias

April 15, 2024

  • 50Fin
  • Credit Solutions
  • DhanLAP
Share

Fintech, Lending, Loans, Mutual Funds, Credit Solutions, Fintech listicle, Loans against mutual fund, Fintech news, Fintech solutions, Fintech APAC, Volt Money, Yenmo, FinEzzy, 50Fin, DhanLAP,

In India, the lending sector has experienced a significant transformation, with FinTech companies playing a pivotal role in reshaping the landscape. FinTechs have emerged as key players in the lending space by leveraging technology to streamline processes, improve accessibility, and provide innovative financial products. With a large population underserved by traditional banks, FinTech lenders have filled the gap by offering quick, convenient, and often more inclusive lending solutions.

One niche category within the Indian lending sector that has gained traction is loans against mutual funds. This innovative financial product allows individuals to unlock the value of their mutual fund investments without having to liquidate them. With the ongoing emphasis on personal savings and financial investments, Mutual funds are the popular choice. By pledging their mutual fund units as collateral, borrowers can access funds quickly and conveniently, often at lower interest rates compared to traditional loans.

This offering not only provides borrowers with liquidity when needed but also allows them to continue benefiting from potential market gains on their mutual fund investments. FinTech companies specialising in loans against mutual funds have streamlined the application and approval process, making it easier for individuals to access this form of credit with minimal hassle.

Listed below are 5 FinTechs disrupting the lending space in India:

Dhanlap, launched by Ark Neo Finance, is a digital LPaaS (Loan Platform as a Service) that caters to retail investors. Their flagship product, Loan Against Mutual Funds (LAMF), allows investors to unlock liquidity without selling their assets, with plans to expand to Loan Against Shares (LAS), Loan Against Insurance (LAI), and Loan Against Gold (LAG). The platform provides an easy, end-to-end digital process, ensuring quick disbursement of funds within 15 minutes.

50Fin is a financial services company that specialises in loans against securities. It believes in the power of financial independence and empowers Indian retail investors to unlock the true potential of their investments by providing loans against securities at just 11% simple interest per year and loans against mutual funds. It aims to help one achieve their financial goals effortlessly.

FinEzzy is a one-stop personal finance solution designed to address savings, investments, protection (insurance), and credit within a single platform. FinEzzy empowers users to secure short-term credit against their mutual fund investments during financial emergencies rather than redeeming their investments.

Volt Money is a B2C lending platform that enables retail customers to get instant, low-cost & flexible credit by pledging their Mutual funds & stocks via a 100% digital.

Yenmo is a financial platform that allows you to take loans at an interest rate of only 10.5% by pledging your mutual funds. It works with banks and NBFCs in India to offer a secure and seamless experience.

ALSO READ: Wealth Management & Private Banking Systems Report Q1 2024

Previous Article

April 15, 2024

SBI SECURITIES partners with Broadridge for post-trade solution

Read More
Next Article

April 16, 2024

Nium approved as a ‘Registered Financial Service Provider’ in New Zealand

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

50Fin

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 16, 2024

Tandem appoints Suavek Zajac as new Chief Technology Officer

Read More

May 16, 2024

Cashinvoice adds former TATA Motors VP, Ramesh Dorairajan to its Advisory board

Read More

May 16, 2024

Celerant & Sezzle offer BNPL functionality at the Point of Sale

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023