Volt Money: Mutual Fund Loan 4+
Loan against Mutual Funds
SALTER TECHNOLOGIES PRIVATE LIMITED
-
- Free
iPhone Screenshots
Description
India’s first app to offer instant online credit line against securities, making credit easily accessible to millions of Indians right when they need it in under 5 minutes.
Benefits with Volt Money:
* Interest rates starting at 9%
* Withdraw flexibly
* Repay easily
* Secure & paperless
With our Loan against a mutual fund, you can obtain funds to cover unexpected financial emergencies such as medical bills, working capital, home renovations, finance your education, plan a vacation, or cover expenses for events such as a family wedding. You can obtain loans up to ₹1 crore and choose to pay only interest with Volt money while paying the principal amount at your convenience.
Get loan in 4 simple steps:
* Check credit limit
* Pledge your assets
* Instant digital KYC
* Withdraw money
Documents required for KYC:
* Aadhaar card
* PAN card
Example of loan against mutual fund
Principal Amount => ₹1,00,000
Annual Interest Rate(APR) = 9.5%
Tenure => 12 Months
Pay only Interest for 12 months = ₹791.66 x 12 = 9500. (The principal amount needs to be repaid at the end of the loan tenure)
Processing Fee = ₹999 + GST
Total Loan Repayment Amount = ₹109500 (Principal and Interest)
Total Cost of Loan = Interest Amount + Processing Fees = ₹9500 + ₹999 = ₹10499 (Excluding GST)
For the loan against mutual fund with a balloon payment, the borrower pays only the interest amount of ₹9500 for 12 months, and repays the principal amount of ₹1,00,000 at the end of the 12-month tenure, with a total loan repayment amount of ₹109500 and a total cost of loan of ₹10499 (excluding GST).
Volt Money is a digital platform that unlocks the value of financial assets like mutual funds, allowing retail investors to avail loans against them instantly. With a hassle-free process and an array of options, including overdrafts and term loans, customers can access cash loans, credit lines, affordable interest rates, and flexible EMIs, while keeping their financial assets intact. Join us on our mission to democratize credit and experience a fast, seamless, transparent, and secure lending process.
Lending partner - Bajaj finance
Website - https://voltmoney.in/
Privacy policy - https://voltmoney.in/privacy/
Reach out to us - support@voltmoney.in
What’s New
Version 6.9
Loan closure handling
App Privacy
The developer, SALTER TECHNOLOGIES PRIVATE LIMITED, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Not Collected
The developer does not collect any data from this app.
Privacy practices may vary based on, for example, the features you use or your age. Learn More
Information
- Provider
- SALTER TECHNOLOGIES PRIVATE LIMITED
- Size
- 32.7 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 13.0 or later.
- iPod touch
- Requires iOS 13.0 or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
-
English
- Age Rating
- 4+
- Copyright
- © 2023 SALTER TECHNOLOGIES PRIVATE LIMITED
- Price
- Free