Jio Finance Offer: 1 crore loan in just 10 minutes: Jio Finance Limited has entered the digital loan against securities. You can get a loan of up to Rs 1 crore in just 10 minutes from the JioFinance app. There will be no foreclosure fee.
Jio Finance Offer, 1 crore loan in just 10 minutes: Jio Finance Limited (JFL) has entered the field of Loan Against Securities (LAS). Customers will be able to take loans by pledging securities such as shares and mutual funds kept in demat accounts and that too without selling them. The company claims that this process is completely digital, secure and OTP-based. A loan of up to Rs 1 crore can be taken in just 10 minutes through the Jio Finance app. Let us tell you that Jio Finance Limited (JFL) is the NBFC (Non Banking Financial Company) branch of Jio Financial Services Limited.
The company is calling it a one-stop destination for digital-first financial services. It has been designed to meet the financial needs of the customers. Which includes services like loan against shares and loan against mutual funds. The interest rates for the loan will be in accordance with the personal risk profile of the customer. The company has tried to keep them very low, interest rates will start from 9.99%. These loans will be for a maximum period of three years and there will be no foreclosure charges.
Kusal Roy, Managing Director and CEO, Jio Finance Limited, said, “The launch of Loan Against Securities is part of our comprehensive digital strategy aimed at transforming the way customers access financial services. This launch is an important step in our mission to make financial services more accessible, faster and customer-centric.”
Along with Loan Against Securities, home loans, loan against property and corporate financing can also be done through the Jio Finance app. Apart from this, the Jio Finance app offers a wide range of financial services, such as UPI payments, money transfer, savings accounts, digital gold, insurance and investment portfolio tracking etc.
