Which loan option is more flexible: a loan against mutual funds or a gold loan?

Loans against mutual funds are more flexible, as your investments continue to grow, and you can often repay early without hefty penalties.

What are the eligibility criteria for both types of loans?

For a gold loan, you only need to own gold. For LAMF, you must hold mutual fund investments and meet basic credit requirements.

Gold loans are quicker, with funds disbursed within hours. Loans against mutual funds may take 1-2 days.

No direct tax implications exist for either loan type, as the amount borrowed is not considered income.

For a gold loan, the lender may auction your gold. For LAMF, the lender can liquidate your mutual fund units to recover the loan amount.

Loading...

Gold loans vs Loan against mutual funds - Liquify

Home > Blogs > Loan Against Mutual Funds vs. Gold Loans: A Detailed Comparison

Liquify | Tuesday, November 26th, 2024, 6:23:25 PM

ISO 27001

certified

AMFI ARN

305575

CIN: U62099GJ2024PTC151691