Digital Loans can be avail by HDFC Customers based on Mutual Funds
HDFC Bank launched its Digital Loans against Mutual Funds (LAMF), in partnership with transfer agent CAMS. HDFC Customers can now avail mutual fund assets online and get overdraft limit set in their account in under three minutes. This is the first time a bank (HDFC) has partnered with CAMS agent for transfer and mage the entire process online. This is the good option for HDFC customer to avail benefits Mutual fund's digital loans can be availed in three steps via HDFC Net banking Step 1 : Log in to myCAMS via HDFC Bank's Net banking portal and select which mutual funds you want to pledge from your portfolio Step 2 : Click on loan terms and conditions Step 3 : Input one-time password (OTP) and the overdraft will be ready to use in your account. Arvind Kapil, Group Head - Unsecured Loans, Home, and Mortgage Loans, HDFC Bank says , " In emergencies, customers will not be forced to liquidate assets at less than optimal market conditions. They can instead desi...