Mirae Asset Financial Services (India) has reduced its interest rate on loans against mutual funds and shares by 25 basis points. The revised rate of 10.25% will be effective from July 1.
The company said the rate cut applies to both existing customers and new applicants.
“We are passing on the benefit from the reduced cost of funds to our customers,” said Krishna Kanhaiya, CEO of Mirae Asset Financial Services.
The company aims to help mutual fund investors meet short-term financial needs without redeeming their investments.
Since launching in 2022, Mirae Asset has offered fully digital loans against mutual funds and shares. Customers can borrow from ₹10,000 to ₹1 crore against equity funds and shares, and up to ₹3 crore against debt mutual funds, all at a uniform lending rate.
Borrowers have commonly used these loans for purposes such as home or office renovation, children’s school fees, insurance premiums, medical emergencies, and vacations.
Kanhaiya said digital pledging of mutual fund units makes the loan process faster and easier than traditional asset-backed lending.
Mirae Asset Financial Services, established in 2020, is a Reserve Bank of India-registered NBFC and part of the global Mirae Asset Group. It focuses on providing fast, transparent, and technology-driven credit access.
What are loans against mutual funds and shares?
Loans against mutual funds and shares allow investors to pledge their holdings as collateral in exchange for a credit line or loan. Unlike traditional asset-backed loans, these loans do not require liquidation of investments.
Borrowers continue to benefit from market growth while accessing funds for personal or business use.
First Published: Jun 20, 2025 2:58 PM IST