Tata Capital Introduces Digital “Loan Against Mutual Funds”. How to register


Mumbai: Tata Capital Ltd, the flagship financial services company of the Tata group, announces the launch of “Loan Against Mutual Funds” (LAMF), the industry’s first end-to-end digital offering. Customers can avail quick and hassle-free loans ranging from ??5 lakh and ??2 crores.

Tata Capital’s digital loan offering is provided against a wide range of equity and debt programs in mutual funds. The clients can avail the loan amount by scoring a lien on the mutual fund units which are managed by various asset management companies. Backed by technology and analysis, LAMF is a product customized to meet the various fund requirements of the client. The loan amount is personalized based on the value of the mutual fund units and the length of life.

Speaking on the launch of LAMF, Abonty Banerjee, Chief Digital Officer, Tata Capital said, “Mutual funds as an investment category have experienced tremendous growth over the past decade and continue to gain ground. the extent. Our latest digital product gives clients the ability to easily meet their fund needs in a transparent manner, while maintaining control of their wallet. This is in line with our strategy of constantly offering innovative and practical products for the customer. “

The main advantages of Tata Capital’s digital LAMF are:

End-to-end online journey – from integration to disbursement

The loan can be applied as an overdraft facility or as a term loan

Automatic renewal facility available for longer than one year (subject to review of the mutual fund portfolio)

The integration process is completed in a few minutes

Marking of mutual fund online privileges via the CAMS API

The service portal includes functionality for disbursement, withdrawal, additional pledging and release.

Online execution of documents

The client benefits from the growth benefits and the dividend received from the MF portfolio

How to register

1) Clients applying for mutual fund loans can simply log into https://www.las.tatacapital.com/online/loans/las/apply-now-las-loan

2) Now there are two options – new customers and existing customers

3) New customers should fill in their name and other personal information such as date of birth, PAN, Aadhaar, email id, etc.

4) After entering all your information, now press “Send”.

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