IDFC FIRST Bank offers a loan against securities structured as an overdraft facility against mutual funds and shares, with interest charged only on the utilized amount. The facility carries a floating interest rate of 8.25% to 9.5%, a processing fee of 0%, and is auto-renewed annually as a 12-month facility, with an Annual Maintenance Charge of ₹1,000 on each renewal and a penal charge of 12% p.a. on any overdrawn amount.
Loan amounts range from ₹10,000 to ₹1,00,00,000 (the ₹1,00,00,000 cap applying separately to Equity and Debt Mutual Funds), and only non-Demat mutual funds under a single holding pattern, drawn from the bank's approved list, are eligible, along with unblocked ELSS units. Foreclosure and part-payment charges are NIL. IDFC FIRST Bank was established in 2015 and is headquartered in Mumbai. Minimum CIBIL score, age, salary, employment type, and documentation requirements are not published for this product.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
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