Why am I not eligible for a loan?

1Answer

Loan eligibility is subject to mutual fund schemes you hold and their current market value. 
Presently, our lender supports Non-ELSS and open-ended schemes provided by the following fund houses:

AXISBaroda PioneerBOI AXA
Canara RobecoDHFL PramericaEdelweiss
EsselIDBIIndiabulls
InvescoJM FinancialLIC
Mirae AssetsMotilal OswalPrincipal
NipponQuantumTaurus
UTI  

Furthermore, the loan eligibility is dependent on the current market value of the mutual funds. The minimum loan amount you can borrow is ₹50,000. To be eligible, the current market value of your MF holdings should be ₹1 lac or more as your lender provides a 50% and 75% loan to value for Equity and Debt MF respectively. 

...