Jio Finance Ltd has unveiled a new digital Loan Against Securities product that allows customers to secure loans of up to ₹1 crore with interest rates starting at 9.99%.

Jio Finance Ltd (JFL), the NBFC arm of Jio Financial Services Ltd (JFSL), has introduced a digital Loan Against Securities (LAS) product for its customers. Customers can avail of loans up to ₹1 crore with interest rates starting at 9.99 per cent, tailored to their risk profiles.

The LAS offering, which is available for a maximum tenure of up to three years, with no foreclosure charges, 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, within ten minutes through a completely digital process, JFSL said in a statement.

“Available through the JioFinance app, LAS is designed to meet the financial needs of customers, without requiring them to sell their securities

“Customers gain convenient access to short-term funds, while keeping their long-term investment growth on track,” the company said.

Kusal Roy, Managing Director and CEO, Jio Finance, said the launch of LAS is part of JFL’s digital strategy aimed at transforming the way customers access and interact with financial services.

JFL offers home loans, loans against property, and corporate financing via its app. The app also offers financial services such as UPI payments, money transfers, savings accounts, digital gold, insurance, and investment portfolio tracking.

Published on April 8, 2025