Jio Finance Limited forays into Digital
Loan Against Securities
Customers can get loans of up to Rs. 1
crore in just 10 minutes through the JioFinance App
Mumbai / Chennai, April 8, 2025: Jio Finance Limited ( JFL), the NBFC
arm of Jio Financial Services Limited, has introduced fully digital Loan
Against Securities (LAS) for its customers. The LAS offering from JFL is a
secured lending product that allows customers to leverage their investments,
such as shares and mutual funds, to avail loans at competitive interest rates,
all within just ten minutes through a completely digital process.
Available through the JioFinance app, a one-stop destination for
seamless and digital-first financial services, LAS – comprising Loan Against
Shares and Loan Against Mutual Funds – is designed to meet the financial needs
of customers, without requiring them to sell their securities. Customers can
avail loans up to Rs. 1 crore with interest rates starting at 9.99%, tailored
to their individual risk profile. These loans are for a maximum tenure of up to
three years, with no foreclosure charges. By choosing LAS on the JioFinance
app, customers gain convenient access to short-term funds, while keeping their long-term
investment growth on track.
“The launch of Loan Against Securities is part of our comprehensive
digital strategy aimed at transforming the way customers access and interact
with financial services. With a strong focus on innovation and user experience,
this launch is a significant step in our mission to make financial services
more accessible, efficient, and customer-centric,” said Kusal Roy,
Managing Director and CEO, Jio Finance Limited.
JFL is pioneering a customer-first journey by empowering customers with
quick and flexible access to capital through diverse lending solutions,
including home loans, loan against property, and corporate financing, all
conveniently accessible via the JioFinance app. The JioFinance app also offers
a comprehensive suite of financial services, such as UPI payments, money
transfer, savings accounts, digital gold, insurance, and investment portfolio
tracking.
To download the JioFinance app, click here
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