“Loans against shares and mutual funds are the best options to tackle immediate crunch of funds”

Mr. Deepit Singh is the Founder of Abhi Loans and an experienced finance professional and entrepreneur, who has started companies in various diverse sectors such as Finance, textiles, infrastructure, mining, etc. He is an MBA from ISB, Hyderabad, and a bachelor’s in mechanical engineering from the University of Wisconsin-Madison.

- Deepit Singh

He is working towards the creation of a technology-based lending ecosystem that will democratize the usage of Mutual Funds and Shares as collateral to get low-interest loans to retail customers. He drives the technology, risk, operations, and distribution functions over here in Abhiloans to enable customers to get instant loans in 24 hours. Mr. Deepit Singh is an avid golfer and a member of the Young President’s Organization. He is also active in philanthropy through the various foundations of the family. Among others, he is also a director with Gopalpur ports Limited. His personal interests are collecting old records, golfing, and vintage cars.

1. Please explain the benefits of taking a loan against shares or mutual fund holdings versus taking a personal loan from a bank. 

People have always been unclear about what to choose between a loan against shares or MF and

personal loans and most of the time they end up taking the latter due to a lack of awareness towards loans against shares and MF. However, as the times are changing, people want quick disbursals and competitive EMIs, and they tend to take up the options where they could meet up with both purposes at the same time. At Abhiloans, people can pay as low as Rs 1330 per month for a disbursal of Rs 1 Lakh.