India, 21^st March 2022 (GPN):  DhanLAP has partnered with MF Utilities to provide an end-to-end digital platform that provides loans against mutual funds. DhanLAP provides a revolutionary process without any paperwork and disburses the loan against mutual funds within 15 minutes. Such time-sensitive offerings are a much-needed financial solution for a varied class of investors

DhanLAP provides a great alternative to redeeming the mutual funds and streamlines the utilization of existing mutual funds to meet the short to medium-term financial requirements. This easily facilitates the steady growth of the portfolio and enables in achieving the financial objective. DhanLAP can also be used to get an overdraft amount with interest being charged only on the amount being used.  

About DhanLAP :- 

DhanLAP, launched by fintech startup Ark Neo, is an end-to-end digital platform for instantly availing loans against financial products including mutual funds, shares, insurance, for retail investors.

Developed by a team with over 100 man-years of experience in digital retail financial products, DhanLAP, is a first of its kind comprehensive digital platform in the country to avail finance against retail financial products. The first product offered under DhanLAP is Loan Against Mutual Funds (LAMF). It is a robust LPaaS (Loan Platform as a Service) that has seamlessly integrated Asset Management Companies, Registrar and Transfer Agents (RTAs), Advisors, Investors, and Non-Banking Financial Companies, to simplify and digitize the entire mutual fund loan process for retail investors. With its comprehensive LAMF solution, mutual fund investors can now digitally avail finance on their mutual fund investments in less than 15 minutes and hence raise funds without redeeming or selling their mutual fund investments.