AbhiLoans

Following are the key details of AbhiLoans:

The key features of loan options offered by AbhiLoans are mentioned below:

• Purpose: To meet short-term liquidity needs.
• Flexible loan amount: AbhiLoans offers quick capital against your securities starting from Rs. 15,000 up to Rs. 1,00,00,000.
• Repayment tenure: The loans against shares and mutual funds at AbhiLoans come with a minimum repayment period of zero months, as it provides you with the option to pay when you want without any prepayment charges. The maximum repayment period is one year, which can be renewed.
• Types of loans: 
  • Loan Against Mutual Funds: Get an instant loan against mutual funds without credit checks at low interest rates while earning dividends.
  • Loan Against Shares: Get an instant loan against your shares/stocks without a credit score.
• Low EMI: AbhiLoans offers a low Equated Monthly Instalment (EMI) on loans against securities, starting from just Rs. 1,166 per month for a loan of Rs. 1,00,000.
• Retain fund growth: By pledging your investments, you can ensure that your savings grow while your wealth plan remains intact even when you borrow.
• No prepayment charges: You are free to pay at will as AbhiLoans lets you prepay your loan without any prepayment charges.
• Direct bank deposit: Apply for loans and get funds disbursed directly to any of your bank accounts from the comfort of your home.

Additional Info: Get a Personal Loan in Bangalore, and check the interest rate before applying.

AbhiLoans offers the following two types of loan facilities:

Loan Against Mutual Funds

• Quick money on mutual funds in 4 hours. If there is a delay, 50% of your processing fee will be returned.
• Flexible loan amount on your mutual funds ranging from Rs. 15,000 to Rs. 1,00,00,000.
• Get a loan size of up to 75% of your mutual fund unit’s value
• Low EMI starting from just Rs. 1,166 for Rs. 1,00,000 loan amount.
• Pay interest only on the amount utilised.

Loan Against Shares

• Flexible loan amount ranging from Rs. 15,000 to Rs. 1,00,00,000.
• Zero prepayment charges on low-interest loans against shares.
• Loan value up to 65% of your shares.
• Low EMI of just Rs. 1,166 for a loan of Rs. 100,000.
• Fully digital process with approval and disbursal within 4 hours.

Applying for a loan at AbhiLoans has the following benefits:

• Access an instant loan without a credit check by leveraging your shares and mutual funds.
• Get instant approval on your loan against securities. 
• Get the loan disbursed into your bank account within 4 hours. In case of any delay, you will get 50% of your processing fee returned.
• Borrowing with AbhiLoans is simple and easy. 
• AbhiLoans ensures quick paperless loan application and disbursal within the same day.
• You can repay early without any prepayment charges while earning from dividends and capital growth on assets.
• AbhiLoans is known for an urgent loan with bad credit in India.

The interest rate at AbhiLoans is calculated daily on the daily outstanding amount, which has to be repaid monthly. AbhiLoans provides the best loan against securities at highly affordable interest rates starting from 13% for EMI-based loans, where borrowers have to pay the principal loan amount along with interest monthly. On the other hand, AbhiLoans also offers overdraft loans at a 16% interest rate, where borrowers have to pay only the interest amount every month.

Anyone can apply for AbhiLoans quick loan against securities without a credit check if they meet the following criteria.

• Any person who is an Indian citizen and is currently residing in India can apply for AbhiLoans.
• The applicant should have active Shares and/or Mutual Funds that are eligible for a loan.
• For Loan Against Mutual Funds:
  • Single mutual fund unit holders can borrow the loan.
  • Mutual funds units in KFintech, CAMS, and DEMAT can get lending too.
• For Loan Against Shares:
  • All approved share units in NSDL are eligible for a loan.
  • Share units in KFintech, CAMS, and DEMAT can also get lending.
• All loans are sanctioned based on AbhiLoans internal policies.

The loan application process at AbhiLoans is fully digital. Hence, you must have a reliable internet connection. You will need the following documents to apply for the loan: 

• Soft copy of PAN (front)
• Soft copy of Aadhaar (front and back)
• The mobile number linked to Aadhar
• Proof of address if your current address does not match your Aadhar records
• CAMS-linked mutual fund units
• ID of CAMS
• Documents for Loan Against Mutual Funds

Either upload the following documents or use Digilocker:

• PAN Card
• Address Proof (Aadhaar/ Driving License/ Passport/ Voters ID)
• Applicant’s photo and signature
• Bank Proof (Name printed cheque leaf/ Bank statement)
• Documents for Loan Against Shares

The shares units must be reflected in the NSDL portal to qualify for the loan. Either upload the following documents or use Digilocker:

• PAN Card
• Address Proof (Aadhaar/ Driving License/ Passport/ Voters ID)
• Applicant’s photo and signature
• Bank Proof (Name printed cheque leaf/ Bank statement)

Anyone can apply for AbhiLoans by directly clicking on the ‘Apply’ button on Abhiloans.com and following the steps mentioned below:

• Login into Abhiloans.com with your Aadhar-enabled mobile number.
• Upload your KYC documents, or you can also fill them in afresh to start the lending process.
• Mark lien on your mutual funds or shares starting from Rs. 15,000.
• Relax and wait while your loan is disbursed into your account within just 4 hours.

Regarding any query, feedback, complaint, and/or suggestion about AbhiLoans and its products, you can contact us through any of the following ways:

• Send your concern via email at: support@abhiloans.com
• Call at: +91 93106 37483
• Visit Registered Office:
  2 Floor, GR Towers, L-127,
  4th Main Rd, Sector 6,
  HSR Layout, Bengaluru, Karnataka - 560102