You can close a loan at any time by visiting our website and raise the request. Before you close a loan you should have cleared all the pending dues, interest and principal. There will not be any pre-closure charges.

With a loan, the amount is deposited into your bank account. The interest starts accruing from that day and needs to be repaid in EMIs. A credit line on the other hand gives you an option to not utilise the amount from day one. You only consume the amount you need only when you need it. No interest will be charged for a credit line that is unused. Interest will be charged only for the amount you draw from it. Also, there is no need to repay the principal i.e., no EMIs as long as you keep servicing the interest.

Since the entire process is digital we don’t require any physical documents. All the requisite documents will either be fetched in digital form or be generated (e.g., loan agreement) and to be signed digitally.

You can keep it open as long as you like. In some cases you may have to renew it once a year for a minimal renewal charge.

No. You can pre-close a loan at any time absolutely free of charge.

No. We do not need a credit score to issue loans against mutual funds.

We have partnered with multiple loan providers. The lender's details will be clearly mentioned in the loan agreement document.

You will receive a grace period and sufficient notifications to repay the loan. However, in an unfortunate event of non-repayment, the lender reserves the right to liquidate the pledged securities (mutual funds or shares) to recover the outstanding loan amount. Any excess amount after recovery will be returned to you. It is important to note that non-repayment may also impact your credit score. We strongly recommend reaching out to our support team at the earliest if you anticipate any difficulty in making repayments, so we can help explore available options such as restructuring or extending your repayment timeline.

No. You pay interest only on the amount consumed from the credit line.

Interest has to be serviced in full once a month.

No. As long as you are servicing the monthly interest payment you do not have to pay the principal amount.

QuickLend is a Lending Service Provider, a platform that offers the best possible interest rates and experience for borrowers by tying up with multiple lenders.

This feature allows you to link and view mutual fund portfolios of multiple PANs under the same Quicklend account, all using a single mobile number. Each PAN gets its own profile, but everything stays accessible from one login.

You can add additional PANs by creating separate profiles. Follow these steps:

1. Click on the profile icon at the top right corner of your dashboard.
2. Select "Create New Profile"
3. Enter the family member's name as per PAN, PAN, and DOB
4. Once done, their mutual fund portfolio will sync automatically.

If your spouse, parents, or children have their own mutual fund portfolios, you can now track all of them from a single account. This makes it easier to view consolidated wealth, evaluate credit limits, and plan borrowing decisions.

Yes. Each profile (PAN) displays its own eligible credit limitbased on that portfolio’s value. Switching between profiles lets you instantly check limits across all family portfolios.

No. You can add as many family PANs as you want, as long as you have their consent and verification details.

Yes, but only with the respective family member’s OTP-based consent. If consent is not provided, the profile will remain for tracking only.

No. Each loan can only be taken against the mutual fund units linked to one PAN at a time.

For example, if your portfolio is worth ₹10L and your spouse’s is worth ₹20L, you cannot combine them for a single ₹15L loan. You would need to take two separate loans, one against your ₹10L portfolio and another against your family member’s ₹20L portfolio.