DhanLAP- Loans

In today's unpredictable financial environment, having quick access to funds can significantly alleviate stress, especially during emergencies. DhanLAP offers a comprehensive solution by providing loans against securities, mutual funds, and shares. With a swift and paperless process, DhanLAP ensures you have the necessary funds in the shortest time possible.

Product Features

1. Fast Processing: Experience a rapid 15-minute process to get your loan approved and disbursed.

2. Paperless Application: Enjoy a hassle-free, entirely digital application process with no need for paperwork.

3. Flexible Payment Options: Opt for either EMI or interest-only payment plans to suit your financial requirements.

4. Flexible Tenure: Choose loan tenures ranging from 6 months to 24 months, giving you the flexibility you need.

5. Quick Disbursal: Benefit from fast disbursal of your loan amount directly to your bank account.

DhanLAP collaborates with its NBFC partner, IFIN Securities Finance Limited (ISFL), to provide secure and reliable financial solutions.

Loan Against Securities

DhanLAP’s Loan Against Securities is designed to help you manage financial needs during emergencies, fund education, plan vacations, or cover expenses for family weddings. Loan amounts start at ₹25,000, with tenures ranging from six months to two years, offering a flexible financial solution.

Example: Balloon Payment

• Principal Amount: ₹1,00,000
• Annual Interest Rate (APR): 10%
• Tenure: 12 Months
• Interest Payments: ₹833.33 x 12 = ₹10,000
• Processing Fee: ₹1,000 + GST
• Stamp Duty: ₹20 + GST
• Total Loan Repayment Amount: ₹1,10,000 (Principal + Interest)
• Total Cost of Loan: ₹10,000 (Interest) + ₹1,000 (Processing Fee) + ₹20 (Stamp Duty) = ₹11,020 (excluding GST)

In this balloon payment example, you pay only the interest amount of ₹10,000 for 12 months and repay the principal amount of ₹1,00,000 at the end of the tenure. The total repayment amount is ₹1,10,000, with a total cost of ₹11,020 (excluding GST).

Example: EMI Payment

• Principal Amount: ₹1,00,000
• Annual Interest Rate (APR): 10%
• Tenure: 12 Months
• EMI: ₹8,791.59
• Processing Fee: ₹1,000 + GST
• Stamp Duty: ₹20 + GST
• Total Loan Repayment Amount: ₹1,05,499 (Principal + Interest)
• Total Cost of Loan: ₹5,499 (Interest) + ₹1,000 (Processing Fee) + ₹20 (Stamp Duty) = ₹6,519 (excluding GST)

In this EMI payment example, you repay the loan in equal monthly installments of ₹8,791.59 for 12 months. The total loan repayment amount is ₹1,05,499, with a total cost of ₹6,519 (excluding GST).

Loan Against Mutual Funds

With DhanLAP, you can use your mutual fund units as collateral to secure a loan. Your mutual funds will continue to earn returns while serving as collateral.

Steps to Get a Mutual Funds Loan:

1. KYC Verification: Complete the Know Your Customer verification process to establish your identity.
2. Select Mutual Funds: Choose the mutual funds to lien mark as collateral.
3. Check Instalments: Review and confirm your loan instalment plan.
4. E-sign Loan Agreement: Electronically sign the loan agreement to finalize the terms.
5. Disbursement: The loan amount is promptly disbursed to your bank account.

Maximum Annual Percentage Rate (APR): 10%

Why Choose DhanLAP?

1. 15-Minute Process: Get your loan approved and disbursed within 15 minutes, providing timely access to funds.
2. No Paperwork: Enjoy a completely digital and paperless application process.
3. Flexible Repayment Options: Choose between EMI and interest-only payment plans to fit your financial preferences.
4. Quick Disbursal: Receive funds quickly, ensuring you have access to money when you need it most.
5. Trusted NBFC Partner: Partnering with IFIN Securities Finance Limited (ISFL), DhanLAP provides reliable and secure financial solutions.

DhanLAP, powered by Ark Neo Financial Services Pvt Ltd, offers a robust platform for loans against securities, mutual funds, and shares. With over 100-man years of experience, the team at DhanLAP understands the common challenges faced by investors and provides a simple, hassle-free process to access funds quickly. Whether you need money for an emergency, education, vacation, or family event, DhanLAP ensures you get the financial support you need.