Fintech Loans Against Mutual Funds: Quick Cash with Risks

Fintech apps now let you borrow money using your mutual funds as collateral.

This means you can get a loan quickly, with the money deposited in your bank account fast.

You’ll pay interest on the loan, and the amount you can borrow depends on the type of fund you use.

However, if the market goes down, you might be asked to put up more funds, or your investments could be sold.

It's generally better to use debt funds since they offer a higher LTV and lower volatility but always be careful and consider the risks before taking a loan.