Mirae Asset Fin: Loans 1.11.09

Mirae Asset Financial Services: An Overview of Loan Options

Mirae Asset Financial Services presents a digital approach to personal financing, aiming to streamline and simplify the loan acquisition process. Their platform facilitates access to both secured and unsecured loans without the need for in-person visits, extensive paperwork, or hidden fees.

Products and Services Offered:

1. Personal Loan for Salaried Individuals
   Loans up to ₹5 lakh are available at competitive interest rates with a straightforward online application process.
   • Loan sanctioned in approximately 10 minutes
   • No hidden charges
   • Fully digital process eliminating branch visits
   • Tenure options available up to 48 months
   • No foreclosure charges
   • No physical paperwork required

   Interest Rates, Tenure, and Charges:

   • Interest Rates: 11.49% to 20% per annum
   • Loan Amount: ₹50,000 to ₹5 lakh
   • Loan Tenure: 6 to 48 months
   • Minimum APR: 13%
   • Maximum APR: 37%
   • Processing Fees: 2.5% to 3.5%*
   • Stamp Duty: ₹200
   • Minimum Income Requirement: ₹20,000 per month
   • Credit Score Requirement: 700+

   *Interest rates and processing fees may vary based on loan amount and tenure.

2. Loan Against Mutual Funds and Shares
   This option provides an overdraft facility where interest is charged solely on the utilized amount for the duration it is borrowed. The product allows flexibility with interest-only monthly payments and principal repayment at the borrower's convenience.
   • Quick process—15-minute approval for loans against mutual funds and same-day approval for shares*
   • Entirely digital experience
   • Instant disbursement of funds
   • Wide list of approved securities available for lien marking
   • No prepayment or foreclosure charges

   Interest Rates, Tenure, and Charges:

   • Annual Interest Rate: 10.5%
   • Maximum APR: 27.3%
   • Tenure: 12 months (fixed)
   • Processing Fee: ₹999 + GST
   • Stamp Duty: ₹500

   *Loan Against Mutual Funds in 15 minutes; Loan Against Shares on the same day.

Mirae Asset Financial Services strives to offer a seamless borrowing experience tailored to the needs of its clients. Their comprehensive approach accommodates various financing requirements from personal loans to secured loans against mutual funds and shares.

For further details regarding their services or to initiate an application, please visit their official website: www.miraeassetfin.com. You may also review their privacy policy at Privacy Policy.