Jio Finance now offers loans against shares in 10 minutes Newspoint  |  08/04/2025 23:39:15

Jio Finance now offers loans against shares in 10 minutes
08 Apr 2025


Jio Finance Limited (JFL), a subsidiary of Jio Financial Services, has introduced a digital Loan Against Securities (LAS) service.

The new offering allows customers to borrow up to ₹1 crore against their investments, including shares and mutual funds.

The loans are offered at interest rates starting at 9.99%, with a maximum tenure of three years and no foreclosure charges. JFL promises to process the loans in just 10 minutes.


Here's what the company said
Statement


JFL's customers can use their investments to avail these loans at competitive interest rates, all through a fully-digital process.

"With a strong focus on innovation and user experience, this launch is a significant step in our mission to make financial services more accessible, efficient, and customer-centric," said Kusal Roy, JFL's Managing Director and CEO.


Recent investment and financial performance
Stats


In a recent development, Jio Financial Services invested ₹1,000 crore in JFL by subscribing to equity shares. The investment will help JFL run its business.

On the financial front, Jio Financial Services posted a consolidated net profit of ₹295 crore for Q3 FY25, almost flat from the same quarter last year.

However, on a sequential basis, net profit fell 57% from Q2 FY25 while revenue declined 37% from the July-September quarter.

Read more
Patna Heatwave: City Faces Drinking Water Scarcity As Temperatures Rise and Coolers and Kiosks Fail
Theindiaprint
Greater Noida Railway Station: 12 Platforms, Metro, and Bus Service How the Most Up-to-Date Transit Hub in North India Will Help NCR Connectivity
Theindiaprint
News from Bihar: More Than 1500 Women Engage in Discussion in Saran, Draw Attention to Education, Infrastructure, and Welfare Deficits | Details
Theindiaprint
The First-Ever Fan-To-Billboard Experience Will Allow RCB Fans to Meet Their Heroes
Theindiaprint
NBA 2025 Scores for April 24: Celtics and Cavaliers Win, Rockets Level Series, Warriors Face Dilemma Due to Jimmy Butler Injury
Theindiaprint
IPL 2025: Boult claims that Rohit is a world-class player who doesn’t require an introduction
Theindiaprint
The First Exotic Bag? Five Things Every Buyer Should Consider Before Making a Major Purchase
Theindiaprint
Learn about the Ather Energy IPO’s price range, issue size, most recent GMP, and other details. It opens on April 28
Theindiaprint
In FY25, Adani’s cement giant ACC records the highest-ever yearly PAT of Rs 2,402 crore
Theindiaprint
Investor interest in Kretto Syscon is still high, and the company will release its Q4 results on April 24
Theindiaprint