FinEzzy : Mutual Funds Loan
FinEzzy : Mutual Funds Loan is made and published by Radical Advisors India Private Limited. AppBrain is an independent app data site and isn't affiliated with Radical Advisors India Private Limited. The app name, icon, screenshots and description belong to Radical Advisors India Private Limited and are shown as published on the App Store.
AppBrain's verdict
- Last updated
- October 8, 2024
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Releases
Updates seen on the App Store- Version
- 3.36.0
- Launched
- September 2022
No changelog data
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Technology
Found in the app by AppBrain- Price
- Free
- App size
- 23.8 MB
- Content rating
- Everyone
Technologies used by FinEzzy : Mutual Funds Loan
About the app and developer
About FinEzzy : Mutual Funds Loan
FinEzzy : Mutual Funds Loan is a finance app developed by Radical Advisors India Private Limited.
What is the rating of FinEzzy : Mutual Funds Loan?
FinEzzy : Mutual Funds Loan has no ratings yet.
Is FinEzzy : Mutual Funds Loan free?
FinEzzy : Mutual Funds Loan is free. The app size is 23.76 MB. The latest version available is 3.36.0. The last update was on October 8, 2024.
What are the requirements for FinEzzy : Mutual Funds Loan?
The app has a content rating of Everyone. The app has been available on the App Store since September 2022.
Developer information for Radical Advisors India Private Limited
Store listing
By Radical Advisors India Private Limited, from the App StoreDescription by Radical Advisors India Private Limited Written by the developer, not by AppBrain. Click to read.
Get a quick and hassle-free loan against mutual funds while keeping your investments intact. With FinEzzy, you can now avail cash against your MF holdings without the need for income proof or a CIBIL score and that too at a very low interest cost. Plus, you will save on taxes by avoiding selling. Loan against securities, such as shares and bonds, will also be available shortly.
Key Features:
* Best Interest Rates starting with as low as 7.46% p.a.
* Maximised Loan-To-Value: Borrow up to 95% of your current holding value
* Flexible Repayment Options: Choose EMI or Interest-only, as it works for you
* No requirement of CIBIL score, bank statements, or income proof
Why Choose FinEzzy?
* Money directly credited to your bank account in less than 15 minutes
* Enjoy a complete digital journey with simple clicks
* Zero Processing Fee
* No hidden costs, No early loan closure charges
* Our system ensures you pledge the right mutual funds for your loan
* Your financial data and investments are 100% secure
Quick 4-Step Process:
1. Fetch Mutual Fund Holdings from MF Companies upon your consent
2. Check credit limit and pledge mutual fund units
3. Complete Paperless KYC
4. Voila! Receive money within 15 minutes
Loan Terms:
Tenure ⇒ 6 months to 24 months
Loan Limit ⇒ ₹ 5,000 (Minimum) to ₹ 15,00,000 (Maximum)
Sample Loan Calculation (Illustration)
Principal Amount ⇒ ₹ 1,00,000
Tenure ⇒ 12 months
EMI ⇒ Principal Repayment + Interest ⇒ ₹ 8955
Processing Fee ⇒ Zero
Total Loan Repayment Amount ⇒ ₹ 8955 x 12 (Principal and Interest) ⇒ ₹ 1,07,460
Total Cost of Loan ⇒ Interest Amount + Processing Fees ⇒ ₹7460 + ₹0 ⇒ ₹ 7,460
Annual Percentage Rate ⇒ 7.46%
For an interest-only loan against mutual fund, pay ₹1000 monthly interest for 12 months. Repay the ₹1,00,000 principal at year's end, totaling ₹1,12,000 with a ₹12,000 loan cost.
FinEzzy is your go-to online platform for instant loans against your mutual fund portfolio. By pledging your mutual fund units, you can get a loan with ease. All AMCs are supported.
Enjoy choices like flexible EMIs and attractive interest rates starting at just 7.46% per annum
How does FinEzzy work?
FinEzzy is a digital platform that seamlessly connects borrowers and lenders in one place. Acting as a marketplace, it hosts a variety of financial institutions, including banks and NBFCs, that provide credit against mutual funds to borrowers.
What is the minimum and maximum loan amount?
You can get a minimum loan amount starting at ₹5,000 and the maximum loan amount is Rs.15 lakhs.
I have a very low CIBIL score. Can I get a loan against mutual funds?
Yes, you can get a loan against mutual funds, as the loan amount will be backed against your mutual fund units and even a low or no CIBIL score does not matter.
What will be the pre-closure charges?
There are no pre-closure charges.
Do I need to submit any income proof or bank statement to get a loan?
No, you don't need to submit any income proof or bank statement to get a loan against your mutual funds.
Can I get a loan against mutual funds to buy a car, house, or for any other use?
Loans against mutual funds can be used for unexpected financial emergencies, such as hospitalisation or urgent working capital needs, or any purpose you want, we have no restrictions.
More Questions?
Mail us at support@finezzy.com or Chat with us on WhatsApp @ 9311266450
Lending Partner: Grow money https://growmoneycapital.com/
Website: https://finezzy.com/
Privacy Policy: https://finezzy.com/privacy-policy
Terms and Conditions: https://finezzy.com/t-cs