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A loan against security is a loan advanced to a customer against a security. It can be a loan against insurance policy, mutual funds, National Savings Certificate and other securities. The amount varies based on the type of the security that is pledged. If you pledge your mutual fund investments, then you can get about 70-80 percent of your debt fund value as loan but for equity funds, the figure is closer to 50 percent. The benefit of taking a loan against a mutual fund or any other security is that…
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