Yenmo- Mutual Funds Loan App 1.49

Yenmo.in positions itself as a noteworthy player in the realm of loans secured against stocks and mutual funds. The platform offers an innovative approach for investors looking to leverage their portfolio without the need to liquidate their assets.

Key features of Yenmo.in include:

• Access to loans up to 75% of the value of your stocks and mutual funds, with a flexible repayment structure.
• A loan term of 36 months, allowing borrowers to pay off any amount at any time without incurring additional fees, thereby reducing overall interest.
• An Annual Percentage Rate (APR) starting at 10.5%, which is competitive in the current market.

A representative example illustrates that for a loan of ₹1,00,000 over 12 months at an APR of 10.5%, the monthly interest-only payment would be around ₹875, culminating in a total repayment of ₹1,10,500, which includes ₹10,500 in interest.

The Yenmo.in app enhances the borrowing experience by ensuring transparency and security. Users can conveniently track their application status, view repayment schedules, and make payments directly through the app. This streamlined process underscores Yenmo.in's commitment to providing a user-friendly interface for accessing funds while preserving investment portfolios.