Finance Desk – Mutual funds are a popular choice for investing because they offer good returns. Not only this, you can also use mutual funds to get loans when you need money.
Biggest advantages of getting a loan against your mutual funds is that you don’t have to sell your investments.
The interest rates for these loans are usually between 9% and 11%. This means you end up saving money on interest.
Getting a loan against mutual funds is now faster and less complicated. You can get the funds you need without a long wait.
You can borrow money as you need it and repay it when it’s convenient for you. There are usually no extra fees for paying off the loan early.
Getting a loan against mutual funds, you’re not selling your investments, so you don’t have to pay any capital gains tax.
Loans against mutual funds offer a combination of low interest rates, flexibility, quick approvals, and tax benefits, making them a smart choice.
