Jio Financial Services Unveils Digital Loan Against Securities, Expanding Fintech Offerings
Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited (JFSL), has introduced a fully digital Loan Against Securities (LAS) product. The new offering allows customers to borrow up to Rs. 1.00 crore against their securities holdings, with interest rates starting from 9.99% and a maximum tenure of three years. The loan process is entirely digital through the JioFinance app, with approval and disbursement within 10 minutes. This launch is part of JFSL's broader strategy to expand its digital financial services portfolio and enhance financial inclusion in India.

*this image is generated using AI for illustrative purposes only.
Jio Financial Services (JFSL), a leading player in India's fintech landscape, has announced a significant expansion of its digital financial services portfolio. The company's NBFC arm, Jio Finance Limited (JFL), has introduced a fully digital Loan Against Securities (LAS) product, marking a notable step in its mission to revolutionize the lending sector.
Digital-First Approach to Secured Lending
The new LAS offering allows customers to borrow money against their securities holdings, including shares and mutual funds. This innovative product is designed to provide quick and convenient access to funds without requiring customers to liquidate their investments.
Key features of the LAS product include:
- Loans up to Rs. 1 crore
- Interest rates starting from 9.99%
- Maximum tenure of up to three years
- No foreclosure charges
- Fully digital process through the JioFinance app
- Loan approval and disbursement within 10 minutes
Expanding Financial Services Ecosystem
Kusal Roy, Managing Director and CEO of Jio Finance Limited, emphasized the strategic importance of this launch, stating, "The launch of Loan Against Securities is part of our comprehensive digital strategy aimed at transforming the way customers access and interact with financial services. With a strong focus on innovation and user experience, this launch is a significant step in our mission to make financial services more accessible, efficient, and customer-centric."
The introduction of LAS complements JFL's existing suite of financial products, which includes:
- Home loans
- Loans against property
- Corporate financing
- UPI payments
- Money transfer services
- Savings accounts
- Digital gold
- Insurance products
- Investment portfolio tracking
Leveraging Technology for Financial Inclusion
JFSL's digital-first model aims to ensure the holistic financial well-being of Indian citizens. The JioFinance app serves as a one-stop destination for seamless, digital-first financial services, enabling customers to borrow, transact, save, and invest with ease.
This move aligns with JFSL's broader strategy to leverage technology in making financial services more accessible and user-friendly. By offering a diverse range of products through a single digital platform, Jio Financial Services is positioning itself as a comprehensive financial services provider in the rapidly evolving Indian fintech market.
As the company continues to expand its offerings and enhance its digital capabilities, it remains focused on contributing to the broader goal of financial inclusion in India's evolving financial services sector .
Historical Stock Returns for Jio Financial Services
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.73% | +7.15% | +12.28% | -25.12% | -34.87% | -0.98% |