FAQs
What does 50Fin do?
50Fin is a digital platform that enables loans against your mutual fund portfolio without the need for liquidation.
What are Loans Against Mutual Funds (LAMF)?
LAMF is a type of secured loan product that allows you to borrow money by pledging your mutual fund investments as collateral. It offers you a way to access funds without having to redeem your mutual fund units. This way, you continue earning returns on your investments while meeting your financial needs.
What are the product offerings?
Loan Against Mutual Funds
Borrow against your mutual funds securely. Keep ownership while accessing funds based on your portfolio/invested value.
Loan Against Shares
Secure a loan using your shares or stocks as collateral. Keep ownership while accessing funds based on your portfolio/invested value.
What are the differences between a Loan Against Mutual Funds and a Personal Loan?
Loan Against Mutual Funds: Secured loan product, Low interest rates, Simple interest, No documentation or No minimum CIBIL checks.
Personal Loan: Unsecured loan product, High interest rates (16%+ p.a.), Fixed compulsory EMI payments, Complicated documentation such as income proof, tax returns, etc., and minimum credit score check.
