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Jio Finance Digital Loan Against Securities Launched

9 April 20251 min read
BANKING & FINANCEJio Finance DigitalLoan AgainstSecuritiesLaunched9 April 2025safalsetu.com

Why in the news

Jio Finance rolled out a digital product letting investors borrow against their holdings.

Key facts

  • Product: Loan Against Securities (LAS), fully digital.
  • Ceiling: ₹1 crore; rate from 9.99%, based on risk profile.
  • Collateral: shares and mutual funds; time taken: 10 minutes.

Significance

  • Funds without selling long-term investments.
  • Positions Jio Finance as a competitive fintech lender serving investors who want liquidity without disturbing portfolio growth.
  • Shows a deeper push into digital lending using its technology base.

Exam angle

  • Launched by: Jio Finance.

Test yourself

1. What is the maximum loan under Jio Finance's new digital Loan Against Securities product?

Loans go up to ₹1 crore.

2. Jio Finance's digital LAS offering carries interest rates starting at what level?

Interest starts at 9.99% based on risk profile.

3. Which assets can customers pledge for Jio Finance's fully digital Loan Against Securities?

Shares and mutual funds can be pledged.

This topic is part of Daily Current Affairs 9 April 2025 (25 topics).

All topics of the dayDay quizApril 2025

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