Neoble provides loans against securities such as mutual funds, shares, and bonds, allowing investors to access liquidity without liquidating their assets. This service enables users to maintain their investment growth while meeting immediate financial needs, with loans available quickly and without the requirement of income proof or high credit scores.
Funding
Funding not disclosed
Founders
Product
Problem
Investors sometimes need immediate access to funds but don't want to sell their investments, potentially missing out on future gains and compounding benefits. Traditional loan options often require extensive paperwork, high credit scores, and proof of income, making them inaccessible or inconvenient for some investors.
Solution
Neoble provides loans secured by investors' existing mutual fund, share, and bond holdings, enabling them to access liquidity without liquidating their assets. This allows investors to maintain their investment positions and continue benefiting from market growth while addressing immediate financial needs. Loans are processed quickly with minimal documentation, and are available even to those with low credit scores or without proof of income. Interest is charged only on the amount utilized and for the period it is utilized, offering a flexible and cost-effective solution.
Target Audience
Neoble targets individual investors who hold mutual funds, shares, or bonds and require access to immediate liquidity without selling their investments, including those with low credit scores or without traditional income verification.
Features
- Loan amounts up to 80% of the value of pledged investments
- Interest rates starting at 10.5% per annum, charged only on the utilized amount and period
- Digital KYC and paperless documentation for quick processing
- Lien on investments allows continued ownership and benefits
- Flexible repayment options, including interest-only payments and no prepayment charges
- Eligibility even with a low CIBIL score or without immediate borrowing plans
- Consolidated mutual fund portfolio view with PAN and mobile number
- Calculator to estimate gains with Loan Against Mutual Funds (LAMF)