Mukesh Ambani Jio Finance: Jio Finance has launched a completely digital Loan Against Securities facility, through which customers can get a loan of up to ₹ 1 crore in just 10 minutes. Shares and mutual funds are pledged in this service, interest rates start from 9.99%.

Mukesh Ambani Jio Finance: Jio Finance, the NBFC arm of Jio Financial Services, has launched a completely digital Loan Against Securities (LAS) facility for customers. Through this new product, customers can get a loan of up to Rs 1 crore within 10 minutes by pledging their investment assets like shares and mutual funds - that too without any documentation hassle.

You will get loan through JioFinance app, you will not have to sell your capital

This service is completely digitally powered through the JioFinance app. Customers can avail this facility without selling their existing investment assets. It includes two main options:

• Loan Against Shares (LAS-Shares)
• Loan Against Mutual Funds (LAS-MFs)

Interest rates start from 9.99%, No foreclosure charges

In this digital loan service:

• Loan amount: Up to ₹1 crore
• Interest Rate: Starting from 9.99%, depending on the customer's risk profile
• Loan tenure: Maximum three years
• No additional charges on prepayment (Foreclosure)

Need liquidity? Investments should be safe

This facility is especially useful for customers who need cash in the short term but do not want to liquidate their long-term investments. This product provides investors with quick access to capital while maintaining the safety of their assets.

Kushal Roy, MD and CEO, Jio Finance, said: "The launch of Loan Against Securities is an important part of our digital approach, which aims to give customers easy, fast and reliable access to financial services. We prioritize innovation and customer experience."