Jio Financial Services has rolled out a new digital loan option that lets customers borrow money by pledging their existing investments like stocks and mutual funds. This service allows users to access funds without having to sell their securities.
Jio Financial Services has also introduced a fast loan facility where users can get loans up to Rs 1 crore (around $120,000) in just 10 minutes. The process is fully digital, offering a quick and easy way to meet urgent financial needs.
Jio Financial Services has launched a fully digital Loan Against Securities (LAS) service. Through the JioFinance app, customers can get loans of up to Rs 1 crore at interest rates starting from 9.99%. The loans are available against shares and mutual funds, with a maximum repayment period of three years. There are no charges for early repayment.
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