New Delhi: Yes Bank has launched a new facility called ‘Digital Loans on Securities’. With the help of this, customers will be able to take a quick and hassle-free loan against their mutual funds Yes Bank by sitting at home digitally. No additional documentation will be required. This digital solution has been launched under the bank’s ‘Loan in Seconds’ platform. Customers can set an instant credit limit in exchange for their securities.
Through this new facility of Yes Bank, the customer can take loans on both debt and equity mutual funds. Loans up to Rs 1 crore can be taken on debt mutual funds. The customer can retain the mutual fund portfolio without liquidation. The interest under the loan will be levied only on the same amount as the amount used for the days of usage.