Looking for State Bank of India Loan Against Mutual Funds?
Compare SBI's Loan Against Mutual Funds offering with Quicklend's 10.3% p.a. transparent rate — and decide what works best for you.
What is State Bank of India Loan Against Mutual Funds?
State Bank of India's Loan Against Mutual Funds (LAMF) is a secured credit facility that lets you pledge your mutual fund units as collateral and borrow against their market value — without selling your investments.
SBI offers this as an overdraft facility, meaning you only pay interest on the amount you actually use. Your mutual fund units remain invested and continue to earn returns throughout the loan tenure.
This is particularly useful when you need short-term liquidity but do not want to disrupt your long-term investment strategy by redeeming your mutual funds.
State Bank of India is India's largest public sector bank and a leading provider of loan against mutual funds through its YONO digital platform.
SBI LAMF Interest Rates & Charges
| Charge Type | SBI |
|---|---|
| Interest Rate | 10.75% – 11.75% p.a. |
| Processing Fee | 0.50% of the loan amount (minimum ₹500) |
| Renewal Fee | ₹500 per renewal |
| Prepayment Charges | Nil for floating rate loans |
SBI's LAMF interest rate is linked to its base rate and varies based on loan amount, fund type, and prevailing market conditions. Rates are subject to revision. Rates subject to change. Please verify current rates directly with State Bank of India.
Eligibility Criteria for SBI LAMF
To apply for a Loan Against Mutual Funds from State Bank of India, you generally need to meet the following criteria:
- Must be an existing SBI account holder
- Age: 18–70 years
- Mutual fund units must be held in demat form or as folios
- Funds must be from AMCs on SBI's approved list
- No minimum CIBIL score mandated for existing customers
- NRI customers can also apply with NRE/NRO mutual fund holdings
Note: Quicklend has no bank account requirement — any investor with a mutual fund portfolio can apply, regardless of which bank they use.
LTV Ratio & Loan Amount for SBI LAMF
LTV – Equity Funds
50%
LTV – Debt Funds
75%
Max Loan (Equity)
₹20 lakh
Max Loan (Debt)
₹5 crore
The Loan-to-Value ratio determines how much you can borrow against your mutual fund portfolio. For example, if you hold ₹10 lakh in equity funds,SBI allows you to borrow up to ₹5 lakh (50% LTV). For debt funds worth ₹10 lakh, you can borrow up to ₹7.5 lakh (75% LTV).
Quicklend offers the same 50% LTV on equity funds and up to 80% on debt funds — and the minimum loan amount starts at ₹55,000, with no upper limit based on your portfolio value.
Calculate your eligible loan amount →Eligible Mutual Funds for SBI LAMF
State Bank of India accepts open-ended mutual fund schemes from empanelled Asset Management Companies (AMCs). The following fund types are generally eligible:
- Equity mutual funds (open-ended)
- Debt mutual funds (open-ended)
- Balanced / Hybrid funds
- Index funds
- Liquid funds (selected schemes)
- ELSS funds (after lock-in period)
Closed-ended funds, NFOs, and fund-of-funds are typically not eligible. Always confirm with SBI before applying.
Documents Required for SBI LAMF
To apply for a Loan Against Mutual Funds from State Bank of India, you will typically need to submit the following documents:
- PAN card
- Aadhaar card (identity and address proof)
- SBI account details
- Latest mutual fund statement (CAMS / KFintech)
- Demat account statement (if units are in demat form)
- Recent passport-size photograph
Quicklend's document requirements are similar — PAN, Aadhaar, mutual fund or demat statement — and the entire submission is done digitally. No physical copies or branch visits required.
How to Apply for SBI LAMF
Here is a step-by-step guide to apply for a Loan Against Mutual Funds from State Bank of India:
- 1Log in to YONO app or SBI NetBanking
- 2Navigate to 'Loans' → 'Loan Against Mutual Funds'
- 3Select your mutual fund folio and units to pledge
- 4The system calculates the eligible loan amount based on NAV and LTV
- 5Accept the terms and submit your application
- 6Lien is marked on your funds; overdraft facility is activated within minutes
Processing time at SBI: 10–30 minutes (digital via YONO). Keep in mind that branch-based applications may take longer.
SBI vs Quicklend: LAMF Detailed Comparison
Here is a feature-by-feature comparison of State Bank of India's LAMF and Quicklend's offering, so you can make an informed decision.
| Feature | SBI |  |
|---|---|---|
| Interest Rate | ~10.75% – 11.75% p.a. | 10.3% p.a. (fixed, transparent) |
| LTV – Equity Funds | 50% | 50% |
| LTV – Debt Funds | 75% | 80% |
| Application Process | App / Branch (SBI account required) | 100% Online (no account needed) |
| Approval Time | 10–30 minutes (digital via YONO) | Same day |
| Minimum Loan | ₹25,000 – ₹1 lakh | ₹25,000 |
| Bank Account Required | SBI savings or current account required | No – any bank account accepted |
| Lending Partner | SBI | Bajaj Finance Ltd (India's #1 NBFC) |
| Prepayment Charges | Nil (floating rate) | Zero |
The table above highlights the key differences between State Bank of India and Quicklend for LAMF. While SBI is a reliable option for its existing customers, Quicklend stands out on three dimensions most borrowers care about: rate, speed, and accessibility.
Quicklend's rate of 10.3% p.a. is fixed and fully transparent — there are no surprises when the base rate changes. With a 100% digital process backed by Bajaj Finance Ltd, you get the trust of India's largest NBFC without needing to be a customer of any specific bank.
* SBI rates are indicative and subject to change. Verify current rates at State Bank of India's official website.
Why Choose Quicklend Over SBI for LAMF
Both SBI and Quicklend offer Loan Against Mutual Funds — but Quicklend is purpose-built for speed, transparency, and accessibility. Here is why thousands of investors choose Quicklend:
Transparent 10.3% p.a. Rate
Quicklend charges a fixed 10.3% p.a. — no hidden charges, no rate fluctuations tied to bank benchmarks. You know exactly what you pay from day one.
100% Online Process
Apply, upload documents, get approved, and receive funds — entirely online. No branch visits, no physical paperwork, no queues.
Same-Day Approval & Disbursement
Quicklend's digital-first process ensures your application is reviewed and funds are disbursed on the same day — ideal when you need quick liquidity.
No Bank Account Requirement
Unlike banks that restrict LAMF/LAS to their own account holders, Quicklend is open to every investor in India, regardless of which bank you use.
Bajaj Finance Ltd Partnership
Your loan is powered by Bajaj Finance Ltd — India's largest NBFC with a 35+ year track record and an AAA credit rating. Rock-solid reliability.
Higher LTV on Debt Funds
Quicklend offers up to 80% LTV on debt mutual funds — matching the best rates in the market — so you unlock more value from your portfolio.
Zero Prepayment Charges
Repay part or all of your loan any time without penalty. Flexibility to manage your loan tenure on your own terms.
ISO 27001 Certified Security
Quicklend is ISO 27001 certified, meeting international standards for information security. Your financial and personal data is fully protected.
How to Apply for Quicklend LAMF
Applying for a Loan Against Mutual Funds with Quicklend takes under 15 minutes — entirely online, with no branch visit required.
- 1
Visit Quicklend
Go to quicklend.in and click on 'Loan Against Mutual Funds'.
- 2
Enter Your Details
Provide your mobile number, PAN, and basic information. No CIBIL score check required.
- 3
Link Your Portfolio
Share your CAMS/KFintech statement or connect your demat account to show your mutual fund holdings.
- 4
Get Instant Approval
Quicklend evaluates your portfolio in minutes and shows you the eligible loan amount at 10.3% p.a.
- 5
Receive Funds Same Day
Accept the offer, complete e-KYC and e-sign — funds are credited to your bank account the same day.
Frequently Asked Questions: SBI LAMF vs Quicklend
Disclaimer: The bank rate information on this page is indicative and based on publicly available data as of 2026. Actual rates may vary. Please verify current rates directly with State Bank of India before applying. Quicklend operates through Bajaj Finance Ltd and all loan products are subject to their terms and conditions.