Yenmo
Loan against mutual funds made easy
Yenmo is a digital lending platform in India that provides secured loans against pledged mutual fund investments, allowing borrowers to access funds without redeeming their units. Loan amounts range from ₹25,000 up to ₹5 crore, with interest charged only on the amount withdrawn rather than the approved limit. The platform supports individuals holding mutual fund units in their own name, including single and joint holders, while non-individual entities such as HUFs and private limited companies may require offline assistance.
The application process runs fully online through four steps: instant KYC using PAN and Aadhaar, one-click fetching of investments, e-mandate setup for automatic repayments, and digital agreement signing. Pledges are managed by CAMS and KFin, SEBI-regulated entities, and the platform can assist with mutual funds held through brokers like Zerodha, Groww, and Upstox, including demat holdings. Repayment allows interest-only payments during the tenure with principal due at the end, and there are no foreclosure or prepayment charges. Yenmo is an AMFI-registered Mutual Fund Distributor and offers a mobile app for iOS and Android.
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