Hi @track0123456789, thank you so much for taking the time to share your feedback. Your input genuinely helps us improve. 🙏 When we designed LAMF, our goal was to offer a solution that’s transparent, affordable, and user-friendly: - Interest Rates: At 10.5%, our rates are among the lowest in the industry, while many other lenders charge upwards of 20%, even for secured loans. - Processing Fee: We’ve kept a nominal fee of ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher. There’s always room for improvement. We’ve noted your feedback on the credit line and fees. We will be discussing this internally to see how we can make LAMF even better for users like you.😊
Hi @TahirAkhlaq, here's a breakup of the charges you could incur with LAMF on INDmoney: - Interest Rates: At 10.5%, our rates are among the lowest in the industry, while many other lenders charge upwards of 20%, even for secured loans. - Processing Fee: We’ve kept a nominal fee of ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher. We recommend exploring LAMF on our app to instantly check your credit limit. We’d love to hear your thoughts! 🙌
@@INVESTING-MEN Stay tuned for loan against shares by INDmoney. Till then, you can definitely consider Insta Plus - Loan Against Mutual Funds, where you can keep your mutual funds intact while getting instant cash at just 10.5% interest
Hi @AbdulRehman-jn6we, the processing fee for LAMF is ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher.😊
@ processing fee is negotiable and 2% processing fee is like higher side. Many times processing fee are even refunded. I tried LAMF one time and it didn’t workout for me… may be for large amount of loan it may workout, but then LAMF gives only about 50% of invested amount as loan
Hi @ajaygimit, thank you so much for taking the time to share your feedback. Your input genuinely helps us improve. 🙏 We’ve kept a nominal processing fee of ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher. Nevertheless, we’ve noted your feedback on the credit line and fees. We will be discussing this internally to see how we can make LAMF even better for users like you.😊
Hi @bishalbiswas06, the processing fee for LAMF is ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher.😊
Can we foreclosed at any time? Or is there any lock in period to forecloing the llne
Processing fee is too high.
Credit line is less than 50% for equity mutual funds.
Loan interest rates are very high, provided this is a secured loan.
@@track0123456789 Exaxtly. Not everything these “Finfluencers” say is useful. On-ground reality is much different
Hi @track0123456789, thank you so much for taking the time to share your feedback. Your input genuinely helps us improve. 🙏
When we designed LAMF, our goal was to offer a solution that’s transparent, affordable, and user-friendly:
- Interest Rates: At 10.5%, our rates are among the lowest in the industry, while many other lenders charge upwards of 20%, even for secured loans.
- Processing Fee: We’ve kept a nominal fee of ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher.
There’s always room for improvement. We’ve noted your feedback on the credit line and fees. We will be discussing this internally to see how we can make LAMF even better for users like you.😊
Can we do part payment anytime any amount to principal component and no charges for that ?
Share something about processing Fee and other charges which make the APR 😢
Hi @TahirAkhlaq, here's a breakup of the charges you could incur with LAMF on INDmoney:
- Interest Rates: At 10.5%, our rates are among the lowest in the industry, while many other lenders charge upwards of 20%, even for secured loans.
- Processing Fee: We’ve kept a nominal fee of ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher.
We recommend exploring LAMF on our app to instantly check your credit limit. We’d love to hear your thoughts! 🙌
Processing fees are much higher
Liya kabi shares pay loan bro?
@@INVESTING-MEN Stay tuned for loan against shares by INDmoney. Till then, you can definitely consider Insta Plus - Loan Against Mutual Funds, where you can keep your mutual funds intact while getting instant cash at just 10.5% interest
Hi @AbdulRehman-jn6we, the processing fee for LAMF is ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher.😊
@ processing fee is negotiable and 2% processing fee is like higher side. Many times processing fee are even refunded. I tried LAMF one time and it didn’t workout for me… may be for large amount of loan it may workout, but then LAMF gives only about 50% of invested amount as loan
@@INDmoney I have only shares not a mutual fund can I get loan against shares
You should make the processing fees zero. Then this product will skyrocket. Because it will compete with bajaj finance flexi loan
Kya aap ne kiya Kabi shares pay loan,?
Hi @ajaygimit, thank you so much for taking the time to share your feedback. Your input genuinely helps us improve. 🙏
We’ve kept a nominal processing fee of ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher.
Nevertheless, we’ve noted your feedback on the credit line and fees. We will be discussing this internally to see how we can make LAMF even better for users like you.😊
Rip processing fee🤡
Hi @bishalbiswas06, the processing fee for LAMF is ₹1,000 + taxes, compared to 2% of the sanctioned amount that some players charge, which can be significantly higher.😊
First view
Hi @amanmathsteacher5670,
Thanks for taking the time to watch! 😊 Did you get a chance to explore and use LAMF yet? We’d love to hear your thoughts! 🙌