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AbhiLoans

AbhiLoans offers instant loans up to Rs. 1 Crore on your shares and mutual funds in just 4 hours without a credit check. It enables you to unlock quick capital without liquidating your assets. The loan comes with the freedom to pay at will, as there are no prepayment charges on the loan.

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AbhiLoans Details

Following are the key details of AbhiLoans: 

Loan offered againstShares and mutual funds
Loan amountRs. 15,000 to Rs. 1 Crore
Rat of interest13% p.a. onwards
Lowest EMIRs. 1166 per Rs 1,00,000 
Prepayment chargesNil
Loan to value (LTV)50% to 75% of the value of pledged securities. 
Turnaround time4 hours

AbhiLoans Features

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 offer a low Equated Monthly Instalment (EMI) on loan 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 let 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.

AbhiLoansTypes

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 size of Rs. 100,000.
  • Fully digital process with approval and disbursal within 4 hours.

Why Apply for AbhiLoans?

Applying for a loan at AbhiLoans has the following benefits:

  • Get access to 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 you keep earning from dividends and capital growth on assets.
  • AbhiLoans is known for an urgent loan with bad credit in India.

AbhiLoans Interest Rate

Interest rate at AbhiLoans is calculated on a daily basis on the daily outstanding amount, which has to be repaid on a monthly basis. 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. 

AbhiLoans Eligibility Criteria

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 shares units in NSDL are eligible for a loan.
    • Share units in KFintech, CAMS, and DEMAT can also get lending.
  • All loans are sanctioned on the basis of AbhiLoans internal policies.

AbhiLoans Documents Required

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)
  • 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)

How to Apply for AbhiLoans?

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.

AbhiLoans Contact Details

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

Send ou 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

AbhiLoans FAQs

What does loan against securities mean?

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A loan against securities is a loan that is offered against marketable securities. In this loan, customer pledges their investment in favour of the concerned lender and borrows funds to meet their financial and personal requirements without selling their investment.

How much loan amount is offered against mutual funds by AbhiLoans?

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Loans against mutual fund units start at Rs. 15,000 and can go up to Rs. 1,00,00,000, which makes AbhiLoans a great option to get quick capital against the mutual fund.

What do I require to apply for a loan at AbhiLoans?

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The applicant should have:

  • Good internet connection
  • Aadhar Card
  • Pan Card
  • Mobile number linked with Aadhar
  • Address proof if your current address is different from the address mentioned on your Aadhar Card.
  • Mutual Funds linked with CAMS and having an ID of CAMS.

How can I check my loan amount eligibility?

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You can check your AbhiLoans loan amount eligibility using the Eligibility Calculator available on Abhiloans.com. Just put the shares or mutual funds you own to check the eligible loan amount.

For what purposes can I use a loan against securities?

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With loans against securities, you can take care of all your investment as well as personal needs like meeting contingencies, financial requirements and/ or investment needs. It is an ideal option to get funds without liquidating your securities.

What are the types of loans against securities offered by AbhiLoans?

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Currently, AbhiLoans offers the following two types of loans under loans against securities:

  • Loan Against Shares
  • Loan Against Mutual Funds

What are the features of AbhiLoans loan against securities?

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  • Loans available from Rs. 15,000 up to Rs. 10,00,000 (Rs. 10 Lakhs only). For all loans above that, you will have to drop a message to support@knabfinance.com.
  • Loan repayment tenure is up to 12 months (renewable).
  • Only interest has to be paid monthly on the loan amount.
  • Daily update on the performance of your portfolio.
  • Instant digital loan.

What is the Loan to Value and Margin at AbhiLoans?

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  • Loan to Value (LTV) is calculated on the market value of the securities on a real-time basis.
  • LTV = Total Loan Outstanding/ Current Value of the Securities
  • You can get LTV from 50% to 75% of the value of pledged securities.

How can I repay the loan amount?

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You can repay the loan amount either in part or full via RTGS or NEFT at any point of time during the loan tenure.