Now instead of mutual funds, loan will be available in minutes, launch of new facility of HDFC Private sector HDFC Bank has started a new facility to provide loans (LAMF) instead of mutual funds. Here you will get a loan in just a few minutes. You have to do 3 simple ways to do this Those who benefit from this facility will be able to lift those mutual fund schemes, which are the registrar CAMS. With this, people who benefit from this facility will also be able to lift, which has no credit history yet. The investor can reach the CAMS website through the Bank's website. After that you have to choose your own fund. After the choice will have to follow the rule and terms. Here you will finally have to generate a one-time password.
Once you enter it, your process will be completed. As you complete this process, you will get an overdraft limit of mutual fund investment. You can use this amount within the limit when you wish If the customer wishes, he can take a loan in return for all his mutual fund policies or he can take the loan on his own basis depending on his choice. Traditionally, borrowing can take 5 to 6 days instead of a mutual fund. But after that you get an overdraft facility in just a few minutes. There is a good thing in that it can take overdrafts if the customer wishes in exchange for a mutual fund. This money will be given on the money when the money will be used after taking into account the overdraft facility.CAMS is the registrar of 10 mutual fund companies. These 10 companies manage nearly 60 percent of the mutual fund's total asset under management (AUM). Earlier, HDFC Bank had also offered such facilities to the Shares. click here
