AbhiLoans offers instant loans against securities such as shares, mutual funds, and bonds. Their services are designed for individuals who need quick access to funds without liquidating their investments. Loans are disbursed within four hours, with flexible repayment options and no prepayment charges. The platform provides a fully digital and paperless loan process, making it convenient for users to obtain loans ranging from ₹15,000 to ₹1 crore.
Highlights of AbhiLoans
The table below gives the highlights of AbhiLoans:
| Feature | Details |
|---|---|
| Loan Type | Loan against securities (mutual funds, shares, and bonds) |
| Loan Amount Range | ₹15,000 to ₹1 crore |
| Interest Rate | Starting from 8% p.a. |
| Disbursal Time | Loan disbursal in 4 hours |
| Loan-to-Value (LTV) | Up to 75% of market value |
AbhiLoans Interest Rate
The interest rate starts at 0.67% per month (equivalent to 8% per annum), with interest due on the 1st of every month and debited from your bank account via NACH mandate on the 5th of every month.
*Note that the loan interest rates vary based on the creditworthiness of the borrower and as per the terms set by the lender. Please check with the respective lender for updated information.
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AbhiLoans Fees & Charges
Apart from the payable interest, there can also be other charges to avail of a loan. Let’s go through the details from below:
| Category | Details |
|---|---|
| Penal Interest Rate | 2.00% per month for the default period |
| Collection Charges | ₹5,000 (in case of default) |
| Bounce Charges | ₹500 + GST |
| Legal Charges | ₹5,000 (in case of default) |
| Stamp Duty Charges | NIL |
| Top-Up/Security Withdrawal Charges | NIL |
| Foreclosure Charges | NIL |
| Security Invocation Charges | NIL |
AbhiLoans Eligibility Criteria
Anyone can apply for an AbhiLoans quick loan without a credit check if they meet the following eligibility criteria:
- The applicant must be an Indian citizen residing in India.
- The applicant should have active shares and/or mutual funds that are eligible for a loan.
Eligibility for Loan Against Mutual Funds
- Only single mutual fund unit holders are eligible.
- Mutual fund units held in KFintech, CAMS, and DEMAT are eligible for lending.
Eligibility for Loan Against Shares:
- Approved share units in NSDL are eligible for a loan.
- Share units held in KFintech, CAMS, and DEMAT can also qualify for lending.
Eligibility for Loan Against Bonds:
- Single bond unit holders can borrow a loan.
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Abhi Loans EMI Calculator
Easily calculate your loan EMI with an online EMI calculator. Simply enter the loan amount, interest rate, and tenure to quickly see your monthly EMI.
Your Amortization Schedule (Yearly/Monthly)
AbhiLoans Documents Required
To apply for an AbhiLoans quick loan, applicants need to provide valid KYC documentation. You can either submit physical copies or use DigiLocker for seamless verification. The following documents are required:
- Identity Proof: PAN Card
- Address Proof: Aadhaar, Driving License, Passport, or Voter ID
- Additional Requirements: Applicant’s recent photo and signature
- Bank Proof: Name-printed cheque leaf or a recent bank statement
Documents for Loan Against Mutual Funds: For documentation, applicants can submit KYC documents or use DigiLocker. The following documents are accepted:
- Identity Proof: PAN Card
- Address Proof: Aadhaar, Driving License, Passport, or Voter’s ID
Documents for Loan Against Shares:
- Eligibility for Loan: Shares units must be reflected in the NSDL portal to qualify, even with a low CIBIL score.
- KYC Documents: PAN Card, Aadhaar, Driving License, Passport, or Voter’s ID
Documents for Loan Against Bonds: For documentation, you can provide KYC documents or use DigiLocker, including PAN Card, address proof (Aadhaar, Driving License, Passport, or Voter’s ID), applicant photo, signature, and bank proof (name-printed cheque leaf or bank statement).
Types of Loans Offered by AbhiLoans
AbhiLoans offers the following types of loan facilities:
Loan Against Mutual Funds
AbhiLoans offers loans against mutual funds, allowing you to access quick funds without selling your investments.
| Category | Details |
|---|---|
| Maximum Loan Amount | Loan Against Equity Mutual Funds: ₹1,00,00,000 (Up to 65% LTV) Loan Against Debt Mutual Funds: ₹1,00,00,000 (Up to 75% LTV) |
| Minimum Loan Amount | ₹15,000 |
| Loan Tenure | Up to 3 years (Renewable) |
| Fixed Processing Fees | 2% of loan amount or ₹1,000 (whichever is higher) + GST |
| Loan Disbursal | Promise to disburse the loan within 4 hours (50% of processing fee refunded if delayed) |
| Interest Rate | Starting at 0.67%/month – Interest is due on the 1st of every month and debited on the 5th via NACH mandate. Annual renewal charges: ₹999 + GST |
| Interest Rate Per Annum | Starting 8% per annum flat |
| Minimum Withdrawal Amount | ₹1,000 (No limit on the number of withdrawals) |
Additional Notes: Loan against mutual funds in DEMAT form is available on business days from 7 a.m. – 7 p.m.
Key features:
- Quick Disbursal: You can get a loan against your mutual funds within 4 hours. In case of a delay, 50% of the processing fee will be refunded.
- Flexible Loan Amounts: You can borrow anywhere between ₹15,000 and ₹1,00,00,000 based on the value of your mutual funds.
- High Loan-to-Value: You can receive loans up to 75% of the value of your mutual fund units.
- Low EMI Example: You can pay just ₹1,333 per month for a ₹1,00,000 loan.
- Interest on Usage: You only pay interest on the amount you use, not the full loan.
- Available for Bad Credit: You can apply for urgent loans in India, even if you have bad credit.
Loan Against Shares
AbhiLoans offers loans against shares, allowing you to meet your financial needs without selling your investments.
| Category | Details |
|---|---|
| Maximum Loan Amount | Loan Against Shares: ₹1,00,00,000 (Up to 50% LTV) |
| Minimum Loan Amount | ₹15,000 |
| Loan Tenure | Up to 3 years (Renewable) |
| Fixed Processing Fees | 2% of loan amount or ₹1,000 (whichever is higher) + GST |
| Loan Disbursal | Promise to disburse loan within 4 hours (50% of processing fee refunded if delayed) |
| Interest Rate | Starting at 0.67% per month – Interest is due on the 1st of every month and debited on the 5th via NACH mandate. Annual Renewal Charges: ₹999 + GST |
| Interest Rate Per Annum | Starting at 8% per annum flat |
| Minimum Withdrawal Amount | ₹1,000 (No limit on the number of withdrawals) |
Additional Notes: Loan against shares will be processed within business hours, and DEMAT shares will take at least 12 hours after DP’s approval.
Key features:
- No Prepayment Charges: You can enjoy zero prepayment fees on low-interest loans against shares.
- High Loan-to-Value: You can borrow up to 65% of the value of your shares.
- Flexible Loan Amounts: You can choose loan amounts ranging from ₹15,000 to ₹1,00,00,000.
- Low EMI Example: You can pay just ₹1,333 per month for a loan of ₹1,00,000.
- Fast & Digital Process: You can get loan approval and disbursal within 4 hours through a fully digital process.
- Available for Bad Credit: You can still apply for urgent loans in India, even if you have bad credit.
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Loan Against Bonds
AbhiLoans offers loans against bonds, allowing you to meet your financial needs without selling your investments. You can pledge your bonds online and access quick funds to handle financial emergencies.
| Category | Details |
|---|---|
| Maximum Loan Amount | ₹1,00,00,000 (Up to 65% LTV) |
| Minimum Loan Amount | ₹15,000 |
| Loan Tenure | Up to 3 years (Renewable) |
| Fixed Processing Fees | 2% of loan amount or ₹1,000 (whichever is higher) + GST |
| Loan Disbursal | Promise to disburse loan within 4 hours (50% of processing fee refunded if delayed) |
| Interest Rate | Starting at 0.67% per month – Interest is due on the 1st of every month and debited on the 5th via NACH mandate. Annual Renewal Charges: ₹999 + GST |
| Interest Rate Per Annum | Starting at 8% per annum flat |
| Minimum Withdrawal Amount | ₹1,000 (No limit on the number of withdrawals) |
Additional Notes: Currently, loans against bonds in DEMAT form are available on business days from 10 a.m. to 5 p.m.
Key features:
- Fast Loan Disbursement: You can receive funds within 4 hours of applying. In case of delay, 50% of the processing fee will be refunded.
- Flexible Loan Amounts: You can borrow between ₹15,000 and ₹1,00,00,000 against your bonds.
- High Loan-to-Value: You can get up to 65% of the value of your bonds as a loan.
- Low EMI Example: You can pay just ₹1,333 per month for a loan of ₹1,00,000.
- Interest on Usage: You only pay interest on the amount you use, not the full loan.
- Available for Bad Credit: You can access urgent loans, even if you have bad credit.
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Steps to Apply for AbhiLoans Online
You can apply for AbhiLoans in just 4 steps. Here is how you can apply for a loan through AbhiLoans:
- Step 1: Log in to AbhiLoans.com using your Aadhaar-enabled mobile number.
- Step 2: Submit your KYC documents or complete them online to begin the application process.
- Step 3: Mark a lien on your bonds, starting with amounts as low as ₹15,000.
- Step 4: Your loan will be disbursed to your bank account within 4 hours.
AbhiLoans Contact Details
Here are the contact details for AbhiLoans:
Location: A 31, 1st Floor, Sara House, Hauz Khas, New Delhi, Delhi 110016
Email Contacts
- For Existing Customers: support@AbhiLoans.com
- For New Customers: customerservice@AbhiLoans.com
Phone Contacts
- For Existing Customers: +91 99907 95000
- For New Customers: +91 84480 86922
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