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How to get a loan against mutual fund?

Wednesday, August 30, 2017, 5:25 AM

Loan against your equity or hybrid mutual fund units could be taken from a bank or a non-banking finance company by pledging your mutual fund units. You can pay back the loan at the interest rate agreed with the financier. Depending on the quantum of loan you take and the tenure, the interest rate could be anywhere between 10-11% on these mutual fund units.
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