Short answer: SBI charges 11.50% with a 0.50% fee but needs an SBI account and only covers CAMS funds. Volt Money quotes 10.49% to 12%, covers both CAMS and KFintech funds through MF Central, and has no credit score or income checks.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
SBI Loan Against Mutual Funds vs Volt Money at a glance
| SBI Loan Against Mutual Funds | Volt Money | |
|---|---|---|
| Type | Public sector bank | Platform owned by DSP Finance (an RBI-registered NBFC) |
| Products | Loan Against Mutual Fund units (no loan against shares listed) | Loan Against Mutual Funds (credit line) |
| Securities accepted | Mutual funds registered with CAMS: equity, hybrid, ETF, debt, FMP | 8,000+ funds on CAMS or KFintech; ELSS after 3 years |
| Loan amount | ₹25,000 to ₹20 lakh for equity funds (FAQ says ₹10 lakh); up to ₹5 crore for debt funds | ₹10,000 to ₹5 crore |
| Loan-to-value (LTV) | Equity funds 50%; debt funds 75% | Not stated (DSP Finance: equity 50%, debt 80%, liquid 90%) |
| Interest rate | 11.50% a year, floating (1-year MCLR + 2.5%) | 10.49% to 12% a year (FAQ); another line says from 9% |
| Processing fee | 0.50% + GST (minimum ₹500, maximum ₹5,000; FAQ says ₹1,000 to ₹10,000) | From ₹999, varies with amount and stamp duty |
| Other charges | Renewal ₹1,000 + tax a year; no prepayment penalty | No prepayment charges |
| Tenure | 12 months, renewable | Not stated (DSP Finance: up to 3 years) |
| How it works | Overdraft; interest on what you use | Credit line; interest daily on what you use |
| Digital process | Yes, via YONO or net banking; CAMS lien by OTP | Yes; MF Central OTP, no statement upload; about 10 minutes |
| Who can apply | Individuals over 18 with steady income; no NRIs | Age 18 to 70; no CIBIL or income criteria |
| Also worth knowing | Applies online 24×7; Not for buying shares or speculation | No credit score or income checks; Swap pledged funds any time |
RBI limits: banks can lend up to 60% against listed shares, 75% against equity funds and ETFs and 85% against debt funds and AAA bonds, with a ₹1 crore cap per person against shares and equity funds. NBFCs follow their own RBI rules (usually 50% on shares). Lenders can lend less. See our loan against shares and loan against mutual funds calculators.
What it costs to use ₹2 lakh for 6 months from a ₹5 lakh limit
We assumed a ₹5 lakh sanctioned limit, ₹2 lakh drawn for 6 months, interest paid monthly on the amount used, and the first-year processing fee (with GST where quoted before tax). Yearly renewal or maintenance charges, stamp duty and pledge charges are extra where they apply.
| Provider | Scenario | Rate a year | Interest | Fees | Total cost |
|---|---|---|---|---|---|
| SBI Loan Against Mutual Funds | Published rate | 11.5% | ₹11,500 | ₹2,950 | ₹14,450 |
| Volt Money | Low end of FAQ range | 10.49% | ₹10,490 | ₹999 | ₹11,489 |
| Volt Money | High end | 12% | ₹12,000 | ₹999 | ₹12,999 |
Key differences
- Funds accepted: SBI CAMS-registered funds; Volt CAMS and KFintech (8,000+ schemes).
- Rate: SBI 11.50%; Volt 10.49% to 12%.
- Who can apply: SBI customers with steady income; Volt 18 to 70, no income or CIBIL check.
- Limit: SBI up to ₹20 lakh on equity funds; Volt up to ₹5 crore.
Which should you choose?
SBI Loan Against Mutual Funds may suit you if you bank with SBI and your funds are with CAMS.
Volt Money may suit you if your funds are with KFintech, or you want a larger limit.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Check which of your holdings are on the lender’s approved list and the LTV for each type.
- Compare the processing fee on the whole limit and any yearly renewal fee, not just the rate.
- Keep a buffer: if markets fall, you may have to repay or pledge more within days, or the lender can sell your units.
- Use it for personal needs only. Lenders do not allow these loans to be used to buy shares or for speculation.
- Read the KFS: it must show the APR, every charge and how margin shortfalls are handled.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
What is MF Central?
A platform run by CAMS and KFintech that lets lenders fetch all your mutual fund holdings with one OTP.
Is a loan against mutual funds better than redeeming?
It can be if you expect to repay soon and do not want to sell at a loss or pay capital gains tax now. You still pay interest, and a market fall can trigger a margin call.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
Read more: LAS and LAMF rates of 10 lenders · Loan against shares calculator · Loan against mutual funds calculator · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.