HDFC Digital Loan Against Mutual Funds (LAMF)

HDFC Bank, one of the leading private sector banks in the country, has launched its Digital Loan Against Mutual Funds (LAMF), in partnership with mutual fund transfer agent CAMS. HDFC Bank is one of the first to offer, Digital Loan Against Mutual Funds (LAMF).

In this post, let’s take a look at how to avail HDFC Digital Loan Against Mutual Funds (LAMF).

What is Digital Loan Against Mutual Funds (LAMF)?

Digital Loan Against Mutual Funds (LAMF) is an instant facility offered by Once you apply for LAMF, an overdraft limit will be set in your account in just 3 minutes. With this facility, now you can enjoy the benefits of instant availability of funds, retention of mutual fund returns without liquidation or stopping your SIPs.

Benefits of HDFC LAMF

Following are the key benefits of

1. The LAMF facility is available across the country on HDFC Bank website.

2. There is no need to sell your best performing mutual funds instead you can use LAMF facility.

3. Instant online approval of the loan in few minutes.

4. The loan is available against both debt & equity mutual funds.

5. No need to visit bank branch as the entire process online.

6. First-time borrowers without credit history can also access loans.

7. New loans and enhancements can be done online any time.

8. Interest is applicable only on the utilized amount.

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HDFC utual Funds

HDFC Digital Loan Against Mutual Funds is offered against both equity and debt mutual funds offered by following

1. Aditya Birla Sun Life Mutual Fund

2. DSP Black Rock Mutual Fund

3. HDFC Mutual Fund

4. HSBC Mutual Fund

5. ICICI Prudential Mutual Fund

6. IDFC Mutual Fund

7. IIFL Mutual Fund

8. Kotak Mutual Fund

9. L&T Mutual Fund

10. Mahindra Mutual Fund

11. PPFAS Mutual Fund

12. SBI Mutual Fund

13. Shriram Mutual Fund

14. Tata Mutual Fund

15. Union Mutual Fund

Purpose of HDFC LAMF

Please also note that Digital Loan Against Mutual Funds is granted only for personal purposes only. The loan amount cannot be used for the following purposes.

1. For speculative activities.

2. For any purpose linked to capital market activities.

3. For any anti-social purposes.

Interest Rate for HDFC LAMF

Annual Percentage Rate applicable for

1. Equity Mutual Funds

Min APR – 9.25%

Max Apr – 11.14%

Avg APR – 10.32%

2. Debt Mutual Funds

Min APR – 7.95%

Max APR – 10.62%

Avg APR – 9.71%

Annual Maintenance Charges

- Minimum Rs. 1000

- Maximum Rs. 5000

Processing Fees

How to avail HDFC Digital Loan Against Mutual Funds?

Step by step instructions to avail HDFC Digital Loan Against Mutual Funds is given below.

1. Visit HDFC website (https://apply.hdfcbank.com/dapweb/las#).

2. Enter your HDFC customer Id and mobile number.

3. Enter the given code and click on “Proceed” arrow.

4. Enter your Aadhaar number and, click on box to accept terms & conditions.

5. Select “Yes” or “No” option against “Are you registered with MyCAMS”.

6. Select mutual fund types (Equity or Debt).

7. Authorize HDFC bank to share your KYC details and email id with CAMS.

8. Click on “Proceed” button.

9. Now you will be redirected to MyCAMS website.

10. If you are not registered with MyCAMS then you have to register yourself on MyCAMS. If you are already registered with MyCAMS then just login using your password.