Jio Finance Limited, the non-banking financial company arm of Jio Financial Services Limited, has introduced a fully digital Loan Against Securities product.
The new service allows customers to borrow money by leveraging their investments in shares and mutual funds, with simple loan approval process of just 10 minutes.
Customers can avail loans up to Rs 1 crore, with interest rates starting at 9.99% and tailored to individual risk profiles.
Jio Finance Limited aims to transform the way people use and interact with financial services in India through its digital-first approach and a broader financial ecosystem.