Jio Finance launches fully digital loan against securities

Jio Financial Services Limited (JFSL) has announced the launch of its fully digital Loan Against Securities (LAS) offering through the JioFinance app. This new service allows customers to leverage their existing investments in shares and mutual funds to secure loans at competitive interest rates. Customers can avail loans up to INR 1 crore with interest rates starting at 9.99%, tailored to individual risk profiles. The loans have a maximum tenure of three years and no foreclosure charges. Kusal Roy, Managing Director and CEO of Jio Finance Limited, emphasized the company's commitment to transforming financial services access through innovation and customer-centric solutions. JFSL operates a full-stack financial services business, including Jio Finance Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.