At Mirae Asset Financial Services the interest rate of the loan against mutual funds is 10.5% p.a. The interest is calculated on a daily basis on the utilized amount and will be due on 1st working day of the next month. The same will be debited on the 3rd working day of the next month from your Bank Account via NACH mandate. The borrower needs to service the same on a monthly basis.
Please Note: Interest payments cannot be made using the Pay Now function and will be adjusted via NACH mandate only.