Loan Against Mutual Fund Calculator – Calculate LAMF EMI Amount

Loan Against Mutual Fund Calculator is an online tool designed to help investors estimate their EMI affordability and repayment obligations when opting for a loan against their mutual fund holdings. It considers various factors such as:

• The type and value of mutual fund units pledged
• Loan-to-Value (LTV) ratio offered by lenders
• Loan against mutual fund interest rate
• Repayment tenure and EMI calculations

By using an EMI calculator mutual fund, individuals can get a clear picture of their financial commitments before taking out a loan.

To avail of a loan against mutual funds on smallcase, follow these steps:

1. Visit the smallcase app and log in with your credentials.
2. Go to the ‘More’ section of the smallcase app and click ‘Loan Against Mutual Funds’.
3. Tap on the ‘Apply Now’ button to start the application process.
4. Enter the OTP to fetch your credit limit. Calculating your credit limit on smallcase will not affect your CIBIL score.
5. Enter and check the loan amount after checking the credit limit.
6. Link your bank account.
7. Select the eligible funds you want to pledge. However, once mutual fund units are pledged, they cannot be sold after the loan is closed.
8. Finally, sign the digital loan agreement.

Lenders charge interest on a daily reducing balance basis. Your rate depends on a few things:

• Are you pledging debt funds or equity funds?
• How does the lender assess risk?
• How long will you take to repay?

The math behind your EMI looks like this:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Here’s what those letters mean:

• P = Principal Loan Amount
• R = Monthly Interest Rate (Annual Interest Rate/12)
• N = Number of Monthly Instalments

An EMI calculator handles this formula for you. You just input the numbers, and it shows you what you’ll pay each month. This helps you plan your finances better.

Using a loan calculator gives you real advantages:

• You get accurate EMI estimates: The calculator shows you what you’ll actually pay each month based on the interest rate.
• You can assess affordability: Before you borrow, you’ll know if the loan fits your budget.
• Comparing lenders becomes easier: Different lenders charge different rates. The calculator lets you compare them quickly.
• It saves you time: No need to crunch numbers yourself. The calculator gives you instant results, so you can decide faster.

Using the Loan Against Mutual Fund Calculator is simple and user-friendly. Follow these steps:

• Loan amount: Enter the desired loan amount you want to borrow against your property on the mutual funds EMI calculator.
• Interest rate: Input the expected loan against mutual fund interest rate provided by the lender.
• Tenure: Select the repayment tenure in months or years.
• Calculate EMI: Click “Calculate” to instantly determine the EMI amount.

The results provided by this calculator are for illustrative purposes only and are based on the inputs provided by the user, including the monthly or lump sum investment amount, expected rate of return, and the investment time period.

The calculator assumes a constant rate of return and does not account for market fluctuations. Therefore, the actual future value of the investment may differ from the estimated value.

smallcase makes no representations or warranties regarding the accuracy of the calculator’s results and is not responsible for any errors, omissions, or inaccuracies. The calculator does not consider taxes, fees, or other factors that may affect investment performance.

This calculator and the results generated are not intended as a solicitation to invest or as a recommendation for any particular investment product. Users are encouraged to consult with a qualified financial advisor before making any investment decisions.