JIO Financial Services Ltd.

Jio Finance (JFL), the NBFC arm of Jio Financial Services, has introduced fully digital Loan Against Securities (LAS) for its customers. The LAS offering from JFL is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates, all within just ten minutes through a completely digital process.

Available through the JioFinance app, a one-stop destination for seamless and digital-first financial services, LAS--comprising Loan Against Shares and Loan Against Mutual Funds--is designed to meet the financial needs of customers, without requiring them to sell their securities.

Customers can avail loans up to Rs 1 crore with interest rates starting at 9.99%, tailored to their individual risk profile. These loans are for a maximum tenure of up to three years, with no foreclosure charges. By choosing LAS on the JioFinance app, customers gain convenient access to short-term funds, while keeping their long-term investment growth on track. 

Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).