50Fin: Loan on Mutual Funds

100K+
Downloads
Content rating
Everyone
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About this app

Get ready to unlock the value of your mutual fund investments within 7 minutes. 🚀
50Fin revolutionizes the lending game by offering instant, hassle-free loans against your mutual funds. No paperwork, no credit checks – just fast approvals and disbursal within 4 working hours. It's as easy as 1-2-3:

🔹 Fetch Your Portfolio
🔹 Pledge Your Mutual Funds
🔹 Complete e-Agreement & e-Mandate

With 50Fin, get access to low-interest credit products that empower you to seize opportunities.

Features:
✅ Instant 7-Minute Approval
✅ No Minimum CIBIL Required or Income Proof Required
✅ Money in Your Account Within 4 Hours
✅ 100% Digital, 0% Hassle
✅ Zero Preclosure Charges

Visualize Your Loan Experience:
🔹 Loan Amount: ₹1 lakh
🔹 Interest Rate: 10.5% per annum (simple interest)
🔹 Tenure: 12 months (pre-closure without penalty)
🔹 Monthly Interest Payment: ₹875 for 12 months
🔹Processing Fee: Starts from ₹999 + GST
🔹Total Loan Repayment Amount - ₹ 1 lakh + monthly interest amount
🔹At the end of the 12th month, the borrower repays the principal amount in addition to the last interest amount of ₹875
🔹Total Cost of Loan = ₹10,500 as interest + Processing fee


How does 50Fin Stands Out?
🎯 Instant Approval, No Hassle
Your portfolio is the key to instant approval with a minimum of ₹50,000 in mutual funds.
📈 7,000+ Mutual Funds Covered
We've got your back with a wide array of mutual fund schemes.
🔐 Simple Interest, No EMI
No complexity – just a flat 10.5% per annum rate. No strings attached!



Eligibility and KYC Checklist:
➡️ Only Mutual Funds Accepted
➡️ Age Range: 18 to 65 years
➡️ Minimum MF Portfolio: ₹50,000
➡️ Indian Nationality & Reputed Bank Account

✅ KYC Documents: Aadhaar, PAN, Selfie Verification

Stay Ahead with 50Fin:
🌟 Partners in Prosperity
Our esteemed partners include Bajaj Finserv & Cholamandalam Finance.
🗓️ Flexible Repayment
Repay anytime with no pre-closure charges.
📱 Manage on the Go
Our app lets you effortlessly manage payments and schedules.

Key Points to Keep in Mind:
✅ Collateral is Your Mutual Fund Portfolio
✅ No Pre-closure Charges, Ever!
✅ 10.5% Annual Simple Interest
✅ Processing Fee Starts at ₹999 + GST

Lending Partners:
Bajaj Finserv & Cholamandalam Finance
🔗 Visit Our Website: https://www.50fin.in/
🔒 Privacy Policy: https://www.50fin.in/privacy-policy
📧 Contact Us: support@50fin.in
Updated on
May 22, 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Location, Personal info and 4 others
No data collected
Learn more about how developers declare collection
Data is encrypted in transit
You can request that data be deleted

What's new

Bug fixes and improvements

App support