Jio Finance Offers Rs 1 Cr Loan in 10 Mins via App

Jio Financial Services Launches Fast Digital Loan Facility

In a bold move to disrupt the digital lending market, Jio Financial Services, a Mukesh Ambani-led NBFC under Reliance Industries, has launched a Loan Against Securities (LAS) feature through its newly launched JioFinance App. This cutting-edge service enables users to get instant loans up to ₹1 crore—all within 10 minutes, fully online.

What Is the Loan Against Securities (LAS)?

Understanding LAS

The Loan Against Securities is a secured loan offering that allows customers to borrow money by pledging their existing investments like shares or mutual funds, without the need to liquidate them.

No Need to Sell Your Investments

This offering is ideal for investors who want liquidity but wish to retain the long-term growth potential of their assets.

How to Apply for the Rs 1 Cr Loan on JioFinance App

Step-by-Step Application Process

Download the JioFinance App from Play Store or App Store
Register with your PAN and linked mobile number
Choose the Loan Against Shares or Loan Against Mutual Funds option
Link your demat account or mutual fund folio
Get eligibility confirmation instantly
E-sign the agreement and receive funds in your account in under 10 minutes

Interest Rates & Key Features

Interest Rates

Starting from 9.99% per annum
Depends on collateral value and credit profile

Tenure & Charges

Loan tenure up to 3 years
Zero foreclosure charges, giving flexibility to repay early without penalty
Minimum documentation required

Why This Move Matters for India's Financial Sector?

Push for Digital-First Finance

This launch is in line with the government's vision of a digitally empowered economy. By offering large loans in real-time through a simple app, Jio Finance is setting a new benchmark in fintech innovation.

Boosting Financial Literacy & Inclusion

For many Indians unfamiliar with pledging securities for loans, this feature opens new avenues for safe borrowing while continuing their investment journey.

Eligibility Criteria for Jio Finance LAS

Who Can Apply?

Indian residents above 18 years of age
Valid PAN & linked mobile number
Active demat or mutual fund account

Expert Viewpoint: A Game-Changer in Fintech

Financial analyst Meera Nair commented,

“With this product, Jio Finance is targeting urban salaried individuals and investors who want liquidity without disturbing their portfolio. The quick processing and low interest rates are game-changers.”

Real-Life Example: What You Can Get

Investment Value	Eligible Loan Amount	Approx. EMI (3 yrs @ 9.99%)
₹10,00,000	₹7,00,000	₹22,500/month
₹50,00,000	₹35,00,000	₹1,12,500/month
₹1,00,00,000	₹70,00,000	₹2,25,000/month

Conclusion: Is It Worth It?

If you're an investor in mutual funds or stocks and need quick access to cash, JioFinance App’s Loan Against Securities is a fast, secure, and efficient solution. With low interest rates, zero paperwork, and instant disbursal, it's perfect for emergencies or large expenses.