LAMF - Loan Against Mutual Funds

You must fulfil the following eligibility conditions to apply for a Loan against Mutual Funds:

• You must be minimum 18 and a maximum of 75 years of age

• You should have a valid e-mail ID and mobile number

• Only individual customers are eligible to apply for equity-oriented funds. HUFs, companies, sole proprietors and partnerships do not qualify

• For Debt Fund Individuals, HUFs, companies, sole proprietors and partnerships may apply

• The final loan sanctioned depends on the list of approved Mutual Funds and credit assessment of the borrowers.

If you are eligible for a Loan against Mutual Funds and choose to proceed through the offline process, you must provide the following documents to verify your information:

• Photograph

• Address proof (Aadhaar Card/Passport/Driving License/Voter ID)

• Identity proof (Aadhaar Card/Passport/Driving License/Voter ID)

• PAN Card

• Signature verification (PAN Card/Passport/Banker's verification)

• Original Mutual Fund statements/Demat holding statement

• Bank cheque

• For non-individual customers, the standard KYC documents for an Overdraft/Current Account opening may be required. Please click here.

• Additionally, we may require an audited balance sheet, Net Worth Certificate and profit and loss accounts etc., as per the credit requirement.

If you are eligible for our pre-approved Insta Loan Against Mutual Funds and choose to proceed through the digital process, you can avail the facility through our Retail Internet Banking site or the iMobile app without any documentation, just by fulfilling the below criteria:

• Pre-approved eligibility for Insta Loan Against Mutual Funds

• Registered e-mail/mobile with Computer Age Management Services (CAMS)*

• Mutual Funds should be included under ICICI Bank’s approved list of Mutual Funds.

*CAMS (Computer Age Management Services) is a Mutual Fund transfer agency serving Indian Asset Management Companies.

Interest rates and charges

For Loan Against Securities, like Mutual Funds, you get an Overdraft facility up to a certain amount. You can withdraw the funds as required and pay interest only for the amount utilised. The interest calculation takes place daily and is debited to the Current Account at the end of each month. Here is an overview of the applicable interest rates and charges: