How is the interest in LAS account calculated?
Interest is calculated on daily basis on the utilized amount and charged on the last working day of the month. The borrower needs to service the same on monthly basis.
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What are the Interest charging procedures?
Interest will be charged on the basis of daily outstanding balance in the loan account and will be accounted monthly. You are requested to pay interest debited every month to avoid account becoming a Non Performing Asset ( NPA).
What are the repayment modes available?
You can repay the loan either by selling shares pledged to us or by paying the amount. If you wish to sell the shares, please inform us through mail and we will sell the shares to settle the loan outstanding plus interest. You can close the loan by ...
What should I do if the Digital Loan Against Mutual Funds Account opening does not go through successfully?
You can write to our customer service team at mcare@miraeassetfin.com or contact us at 1800 2099 180 (Monday to Friday 9 am to 6 pm, excluding holidays) in case you face any issues while applying for ‘Digital Loan Against Mutual Funds’ and can apply ...
How can I get my shares back?
After closing the loan the shares will be transferred to your Demat account as per your instruction.
How can I avail this facility?
You can avail Loan Against Securities in below three steps. Create an account & do your KYC Select your scheme & pledge shares E-sign your loan agreement