India, April 8 -- Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited, has diversified its loan offerings by introducing loans against securities.

In a statement, the company said that the new offering will allow customers to leverage their investments, such as shares and mutual funds, to avail loans up to INR 1 Cr with interest rates starting at 9.99%.

The company claimed that the entire process will be digital and the loan will be disbursed within 10 minutes.

Jio Financial Services said that the loan can be availed via the JioFinance app and will have a maximum tenure of up to 3 years, with no foreclosure charges.

The new offering comes a few days after Jio Financial Services (JFS) infused INR 1,000.24 Cr (abou...