Question 1

What is Liquify?

Accepted Answer

At Liquify, we make it possible to avail loans by leveraging your investments such as mutual funds, bonds, and insurance policies.

Question 2

How does a loan against mutual funds work?

Accepted Answer

You take a loan by giving your mutual fund units as collateral. Liquify facilitates this process by pledging the units to secure the loan while allowing you to continue earning returns on your investment.

Question 3

How long does it take to get the loan?

Accepted Answer

Once the loan application is submitted and approved, it typically takes a few hours for the funds to be credited into your account.

Question 4

What is the minimum and maximum loan amount?

Accepted Answer

The minimum loan amount is Rs. 25,000, and the maximum amount depends on the value of the mutual fund units or other assets used as collateral.

Question 5

What are the interest rates?

Accepted Answer

Liquify offers a competitive interest rate of 10.5% per annum on loans against mutual funds.