LAMF- Loan Against Mutual Funds

• Age: 18 - 75 years

• Contact Information: A working mobile number and e-mail ID

• Equity Mutual Funds: Only individual applicants qualify. Partnerships, Corporations and HUFs are not eligible

• Debt Mutual Funds: Available to Partnerships, Single Proprietors, Businesses, HUFs, and Individuals

• Approval: Dependent on credit evaluation and whether Mutual Fund is part of ICICI Bank’s approved list of Funds.

• Recent passport-sized photograph

• Aadhar Card, Passport, Driving License or Voter ID as Address Proof

• PAN Card for identification

• Signature verification (PAN Card, Passport or Banker’s verification)

• Original Mutual Fund / Demat holding statement

• Bank cheque for processing

• For non-individuals, standard KYC documents and financial statements such as audited Balance Sheets or Net Worth Certificates, might be required.

Digital Loan Against Mutual Funds is also available for select customers. The entire process is online, with minimal documentation required. This facility can be availed through Internet Banking or the iMobile app by select customers, against ICICI Bank-approved Equity and Debt Mutual Funds registered with CAMS (Computer Age Management Services).

When you avail of a Loan Against Mutual Funds, you get an Overdraft facility up to a certain amount as per the Net Asset Value (NAV) of the Funds pledged. You have to pay interest only for the amount utilised and for the utilised period. The interest calculation takes place daily and is debited from the Overdraft Account at the end of each month. Here is an overview of the applicable interest rates and charges:

Notes:

• The specific interest rate applicable to a customer is dependent on the segment and asset category.

• ICICI Bank reserves the right to revise the Rate of Interest and Processing Fee from time to time, at its sole discretion.