Unlock INstant Cash Against Your Mutual Funds
Get up to ₹2 Crore at interest rates as low as 10.5% per annum without selling your investments.
Repay early without penalties
Available for new to credit users
No EMIs, only pay interest monthly
Easily renewable 12-month term
What is INsta Plus?
Insta Plus allows you to access a secured loan by pledging your mutual funds as collateral, similar to how a Gold Loan works. You can withdraw funds based on your mutual fund value, without selling them. Continue earning returns while using the loan for immediate financial needs.
How to get INstant cash against your Mutual Funds with Insta Plus?
How does INsta Plus work?
Imagine you have mutual funds worth ₹10 Lakh and need ₹1 Lakh for an immediate expense, like buying new furniture. Instead of selling your mutual funds and disrupting their growth, you can pledge them with INsta Plus and borrow ₹1 Lakh at a low interest rate of 10.5%. Your monthly payment will only be ₹875 in interest, with no need to pay off the principal until the end of the term.
INsta Plus provides a flexible, cost-effective solution to meet your immediate cash needs. With rates as low as 10.5% per annum, you save significantly compared to personal loans that charge 16-30% interest. Plus, your mutual fund investments continue to grow while pledged.
Benefits of Loan Against Mutual Funds
Low Interest Rates
Borrow at just 10.5% per annum compared to personal loans that go up to 35%.
Flexible Withdrawals
Withdraw up to ₹2 Crore and pay only for what you use.
Keep Your Investments
Your mutual funds continue to grow even when pledged.
No Prepayment Charges
Repay or foreclose your loan anytime without penalty.
New-to-Credit Friendly
Even if you don’t have a credit score, Insta Plus is available to you.
Lending Partners
INDmoney has partnered with TATA Capital, one of India’s most trusted financial institutions, as the official lending partner for INsta Plus. You can now access INstant cash against your mutual funds with the confidence and reliability of TATA Capital.
Lender: Tata Capital Limited
Products: Loan Against Mutual Funds
Details: https://www.tatacapital.com/
Frequently Asked Questions
What is INsta Plus?
Insta Plus is a loan product by INDmoney that allows you to borrow money by pledging your mutual funds as collateral. You can access up to ₹2 Crore without selling your investments, and continue earning returns on them while you pay only the interest monthly.
How much can I borrow with INsta Plus?
You can borrow between ₹25,000 and ₹2 Crore, depending on the value of your pledged mutual funds. Credit limits are typically 45% of equity funds and 75% of debt funds.
What is the interest rate for INsta Plus?
The interest rate is as low as 10.5% per annum, significantly lower than personal loans or credit card loans, which can go up to 35%.
Do I need a good credit score to apply?
No, Insta Plus is available to both new-to-credit users and those with established credit histories(Credit score of 650 and above).
How fast can I get the funds?
The entire loan application process is 100% digital, with funds disbursed in under an hour—much faster than redeeming mutual funds, which takes 2-3 working days.
How do repayments work?
You only need to pay the interest monthly, and you can repay the principal whenever convenient. There’s no fixed EMI for the principal, giving you flexibility.
Are there any foreclosure charges?
No, there are no foreclosure or early repayment charges. You can repay the outstanding amount anytime without any penalties.
Can INsta Plus help build my credit score?
Yes, Insta Plus can be a credit score builder for new-to-credit users or help improve the score of those with a lower rating by enabling them to repay existing loans at a lower interest rate.
How do I set up INsta Plus?
Simply apply via the INDmoney app, pledge your mutual funds, and complete the KYC process. It’s entirely digital with no paperwork required.
Can I continue earning returns on my mutual funds while using INsta Plus?
Yes, you retain full ownership of your mutual funds, allowing them to continue growing while using Insta Plus for your immediate cash needs.