South Indian Bank has launched a new digital loan facility – a loan against investment funds – so that customers can use loans against their investment funds.
The application process of the loan is completely digital and paperless and ensures rapid payment with minimal procedures. This innovative service was introduced in collaboration with Ark Neo Financial Services, which manages the DHANLAP digital platform.
This initiative enables the investment investors to meet their immediate financial needs without endangering their investment goals, said Sanchay Kumar Sinha, Chief General Manager & Head – Retail Activa of South Indian Bank. By using digital technology, the bank has aimed at offering fast, safe and flexible financial solutions that match the evolving needs of the customer.
Customers can easily request the loan by registering and completing KYC verification with the help of their pan and Aadhaar. Once verified, they have access to funds based on their investment investments to use a redstand. This facility is available for persons aged 18 to 75, regardless of whether they are existing bank customers or not.
For Equity investment funds, up to 50 percent of the value of the fund can be used as a loan, while for debt investment funds up to 70 percent is permitted. This process enables all investors to access funds when needed, without disturbing their investments that continue to achieve the return, a press note said.
Published on September 9, 2025
#South #Indian #Bank #launches #digital #loan #investment #funds