Loan against Mutual fund calculator
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Loan Details
Loan Amount
₹
₹1,00,000₹3Cr
Tenure
yrs
1yrs20yrs
Interest with Loan against Mutual Funds @10.49%%
Option 1: Pay principal at the end
- Monthly EMIDaily interest at ₹0
- ₹0
- Total Interest
- ₹0
- Total repayment
- ₹20,00,000
Invest remaining cash of ₹0 in Nifty 50 index fund @14% return over a period of 10 years to earn a minimum of ₹0.
Option 2: Pay principal every month
- Monthly EMI
- ₹0
- Total Interest
- ₹-20,00,000
- Total repayment
- ₹0
Your client will save ₹0 with LAMF as monthly EMI with personal loan @18% will be ₹0 and a total repayment of ₹0.
Repayment Schedule
- Loan Amount
- ₹20,00,000
- Interest rate
- 10.49%
- Tenure
- 10 years
- Total interest
- ₹-20,00,000
- Total repayment
- ₹0
- Payment schedule
| Month | Principal | Interest | Amount payable | Outstanding balance |
|---|
Quicklend Loan Against Mutual Fund (LAMF) Calculator: A Comprehensive Guide
The Loan Against Mutual Fund (LAMF) calculator on Quicklend is a powerful tool designed to help borrowers assess their loan options when leveraging mutual fund holdings. This guide will walk you through the key functionalities, benefits, and provide answers to common questions.
Key Features
- Loan Estimation: Calculate the loan amount you can receive against your mutual fund units.
- Flexible Tenure Options: Choose from short-term to long-term repayment periods
- Interest Rate Customization: Adjust the interest rate to understand EMI obligations.
- Repayment Strategies: Evaluate the impact of paying only the interest or both principal and interest.
- Real-time Results: Instant calculations for better decision-making.
How to Use the LAMF Calculator
- Input Loan Amount: Specify the amount you intend to borrow.
- Select Tenure:Choose the duration for which you want to take the loan.
- Set the Interest Rate: Input the applicable interest rate.
- Review EMI Details: Get the monthly installment breakdown.
- Compare Scenarios: Adjust variables to explore different repayment strategies.
Benefits
- Helps in financial planning
- Saves time and effort
- Provides accurate and quick results
- Allows users to explore different repayment options
LAMF vs Personal Loan (PL): A Comparison
| Feature | Loan Against Mutual Fund (LAMF) | Personal Loan (PL) |
|---|---|---|
| Interset Rate | Lower due to secured nature | Higher due to unsecured nature |
| Collateral Requirement | Mutual fund units | No collateral required |
| Tenure Flexibility | Flexible, depending on lender | Fixed tenure |
| Loan Amount | Based on mutual fund value | Based on income and credit score |
| Impact on Portfolio | Retains ownership and gains | No impact on investments |
Get instant cash with
Loan against
Mutual
Funds at 10.49%
interest only.
Know moreLoan against
Mutual
Funds at 10.49%
interest only.
