He is working towards the creation of a technology-based lending ecosystem that will democratize the usage of Mutual Funds and Shares as collateral to get low-interest loans to retail customers. He drives the technology, risk, operations, and distribution functions over here in Abhiloans to enable customers to get instant loans in 24 hours. Mr. Deepit Singh is an avid golfer and a member of the Young President’s Organization. He is also active in philanthropy through the various foundations of the family. Among others, he is also a director with Gopalpur ports Limited. His personal interests are collecting old records, golfing, and vintage cars.
1. Please explain the benefits of taking a loan against shares or mutual fund holdings versus taking a personal loan from a bank.
People have always been unclear about what to choose between a loan against shares or MF and
personal loans and most of the time they end up taking the latter due to a lack of awareness towards loans against shares and MF. However, as the times are changing, people want quick disbursals and competitive EMIs, and they tend to take up the options where they could meet up with both purposes at the same time. At Abhiloans, people can pay as low as Rs 1330 per month for a disbursal of Rs 1 Lakh.
This story is from the December 2022 edition of Investors India.
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This story is from the December 2022 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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