Tata Capital Ltd has launched ‘Loan Against Mutual Funds’ (LAMF), a first of its kind end-to-end digital offering. This offering will help customers in availing quick and hassle-free loans ranging from Rs 5 lakhs and Rs 2 crores.
Tata Capital’s digital loan offering is provided against equities and debt schemes across mutual funds. Customers will now be avail the loan amount by marking a lien on the mutual fund units which are managed by various asset management companies. Backed by technology and analytics, LAMF is a personalized product to meet the diverse fund requirements of the customer. The loan amount is customized based on the value of the units in the mutual fund folio and tenure.
Speaking on the launch of LAMF, Abonty Banerjee, Chief Digital Officer, Tata Capital said, “Mutual funds as an investment category has shown tremendous growth over the last decade and continues to gain momentum. Our latest digital product gives customers an opportunity to easily meet their fund needs in a seamless manner, even while retaining control over their portfolio. This is in line with our strategy of constantly offering innovative products which offer customer convenience.”
Customers applying for Loans Against Mutual Funds can simply log on to https://www.las.tatacapital.com/online/loans/las/apply-now-las-loan