Jio Finance launched a loan against a mutual fund. Borrow a loan on behalf of your mutual fund value. This is another type of collateral loan. Get the lowest interest rate 9.9% per annum.
The loan procedure is simple and minimal documents are needed for the Jio Finance Loan Application.
Jio Finance Loan Recap
| Loan Amount | 50% of Mutual Fund Valuation |
| Interest Rate | 9.9% p.a. |
| Age | 18 to 75 years |
| Loan Tenure | 36 months |
| Eligible For | Self Employed / Salaried Person |
Benefits of Jio Finance Loan on Mutual Fund
Hassle-free Process: Loan against mutual fund available without hassle. The process is quick and an instant loan is available within 10 minutes.
No Documents Required: Instant loan available without submitting additional documents.
100% Digital Loan: The entire process of a Jio Finance loan is digital. You are not required to visit a branch for loan approval.
Attractive Interest: Get a Jio finance loan against a mutual fund at 9.9% p.a. The interest is cheap and affordable compared to other loan products.
Value of Mutual Fund: Borrow a loan of your mutual fund valuation which is available up to 50% loan of your current mutual fund value.
Jio Finance Loan Eligibility Criteria
- Citizenship must be Indian
- Age: Borrower age must be between 18 to 78 years.
- Holding Mutual Fund: You must hold the mutual fund for the Jio Finance loan.
- Income Requirement: Your income must fall under the Self-employed or Salaried category.
- Credit Score: The borrower’s credit score must be decent.
4 Benefits of Jio Finance Loan Against Mutual Fund
- No More Extra Hassle: Mutual fund loans are hassle-free compared to traditional loans.
- Cheap Interest Rate: Obtain a Jio Finance loan at 9.9% ROI (Rate of Interest).
- Simple Process: The loan application process is simple from application to disburse.
- Flexible Tenure: You can borrow a loan for 3 years. Pay your loan without paying penalties.
Required Documents for Jio Finance Loan
The following documents must be needed for a Jio Finance loan on a Mutual Fund:
- Identity Proof: Pan Card / Aadhaar Card / Passport / Driving License
- Address Proof: Aadhaar Card / Voter Card / Passport
- Mutual Fund Details: Required mutual fund details like account number and folio number.
Jio Finance Loan EMI Calculator
Get instant calculation results of a Jio Finance loan on a mutual fund. Provide information like loan amount, interest rate, and loan tenure to know the EMI.
Required smartphone and internet connection for EMI Calculation.
Loan EMI Calculator
Total Down Payment (TDP)
(TDP = D + P)
Loan EMI (LE)
(PLA= A – D)
(PLA = Principal Loan Amount)
(LE = [PLA x R x (1+R)^T]/[(1+R)^T-1] )
Total Interest Payable (TIP)
(TIP = LE * T)
Total Payment (TP)
(TP = LA + TIP + P)
How to Apply for a Jio Finance Loan
1. Visit Jio Finance’s official website and fill in your details.
2. Check your eligibility through the online process for a Jio Finance loan.
3. Provide your additional information to create a Jio Finance account.
4. Submit necessary documents like PAN card, Aadhaar Card, and mutual fund details.
5. Wait for a while, Jio Finance check your creditworthiness.
6. After approval, the lender directly disburses your loan amount.
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FAQs on Jio Finance Loan
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What are the age criteria for a Jio Finance loan?
Your age must be 18 to 75 years old for an eligible Jio Finance loan on a mutual fund.
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Is the Jio Finance loan process digital?
Yes, Jio Finance provides a digital loan process. No need to go bank for a loan. You can directly apply from home.
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What is the interest rate of a Jio Finance loan?
Borrow a Jio Finance loan on a mutual fund at a 9.9% interest rate per annum.
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What documents are needed for a Jio Finance loan against a mutual fund?
Documents like PAN card, Aadhaar Card & mutual fund details are needed for the Jio Finance loan process.