Get Yes Bank loan in seconds! Digital ‘Loan against Securities' launched
Yes Bank on Monday launched digital ‘Loan against Securities’ scheme, a unique solution enabling customers to mark their mutual funds digitally and avail quick and hassle-free loans.

Yes Bank on Monday launched digital ‘Loan against Securities’ scheme, a unique solution enabling customers to mark their mutual funds digitally and avail quick and hassle-free loans. This digital solution has been launched under YES BANK’s ‘Loan in Seconds’ platform, allowing customers to set an instant credit limit against securities held. Customers can now avail a loan digitally without any additional documentation from the safety and comfort of their homes.
Speaking on the launch, Rajan Pental, Global Head – Retail Banking, YES BANK said, “This launch is a testament to YES BANK’s digital innovation and technology capabilities, aimed at offering convenient, fast and easy-to-use solutions and products to customers. This solution provides a differentiated banking experience to customers as the limit is set-up instantly in a completely paperless and hassle-free manner. We are pleased to be the first Bank to partner with KFin Technologies to provide a completely digital loan against mutual funds to our customers.”
Sreekanth Nadella, CEO, KFin Technologies, said, “It gives us immense pleasure to partner with YES BANK and provide a unique experience to customers by providing instant loan against Mutual Funds. This is a truly digital offering without any paperwork. Customer convenience has always been the core of our organisation and this digital offering is another step in that direction. We look forward to a long and mutually beneficial relationship with YES BANK.”
See Zee Business Live TV streaming below:
Key benefits of this Yes Bank move are as below:
1] Instant availability of funds in account within minutes;
2] Loan up to Rs. 1 crore against debt mutual funds;
3] Available against both Debt and Equity Mutual Funds;
4] Customer retains mutual fund portfolio without liquidation; and
5] Interest applied only on the amount utilized for the number of days of utilization.
Key features of this Yes Bank solution are as below:
1] First Bank to tie-up with KFin Technologies for online lien marking of mutual funds;
2] Completely digital and seamless for customers, wherein the limit would be set in their account in few minutes;
3] No additional documentation required; and
4] Two validations from the Bank and two validations from KFin Technologies to ensure safety.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

EPS Pension Calculation: Rs 40,000 basic salary, 30 years of service, what will be your monthly EPS pension amount?

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

Top 5 SBI Mutual Fund Schemes: Rs 1 lakh lump sum investment has grown to Rs 2.84 lakh-3.50 lakh in 5 years; see list

IND VS PAK Live Cricket Score Streaming APPS: When and where to watch India vs Pakistan ICC Champions Trophy 2025

SBI vs PNB vs BoB- 5 year FD Scheme: Which bank can give you higher return on Rs 1 lakh and Rs 2 lakh investment?

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates

Income Tax Calculations: Is your annual salary Rs 6.75 lakh, Rs 9.25 lakh, Rs 14.50 lakh, or Rs 18.50 lakh? Know how much tax you will pay in old and new tax regimes
09:20 AM IST