Will the functionality work if the customer is not registered with myCAMS?

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• If my total holding value declined as per market conditions, how it will affect my loan portfolio?

  If there is any margin shortfall above the permissible limit, we will inform it through your registered email id and you can clear the margin shortage by using any of the repayment modes mentioned above or by transferring additional securities. ...

• How will disbursement take place?

  An overdraft account will be set up with MAFS. This account will have a certain drawing limit, which you can utilize as and when required. Drawing limit depends upon the eligible LTV and value of the mutual fund unit’s pledge/ lien by you.

• What will be the loan amount I can get?

  The loan amount will depend on the Securities pledged. You will get up to 50% of the pledge value. 

• What is the minimum and the maximum credit that a customer can avail through 'Digital Loan Against Mutual Funds'?

  The minimum amount is Rs 50,000/- and the maximum can go up to Rs 1 crore in case of equity mutual funds and up to Rs. 3 crores in case of debt mutual funds.

• 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).