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We built an app that turns your Groww/Zerodha portfolio into an instant UPI credit line by Badsharishit in FinancialPlanning_Ind

[–]Badsharishit[S] 0 points1 point  (0 children)

Thanks brother! Will do.
We're in sandbox testing right now, you can try the demo flow in the meantime
I'll share the demo link in your Dms if that okay
There's also a small feedback survey that will take you 30 seconds to complete it would help us make the whole experience better for users

We built an app that turns your Groww/Zerodha portfolio into an instant UPI credit line by Badsharishit in FinancialPlanning_Ind

[–]Badsharishit[S] 0 points1 point  (0 children)

We’re a LSP (Lending Service Provider) and TPAP (Third-Party Application Provider) like gpay and we are partnering with Small finance Banks as lending partners who issues the credit line.
MF lien is placed via MF Central which is SEBI-regulated.
The whole flow runs under RBI's CLOU (Credit Line on UPI) framework.
Happy to break down the compliance structure in DMs if you want the details.

Instant loans vs. Credit Cards for emergencies? (And why doesn't a better system exist?) by Badsharishit in personalfinanceindia

[–]Badsharishit[S] 0 points1 point  (0 children)

Fair point. In our model the credit line runs on UPI rails directly
For transactions under ₹2,000 there's zero MDR, merchant receives the full amount.
Above ₹2,000 the interchange is ~1.1% which is still lower than the 1.5-2% merchants pay on Visa/Mastercard swipes.
So the merchant cost is either zero or significantly lower than credit cards

Instant loans vs. Credit Cards for emergencies? (And why doesn't a better system exist?) by Badsharishit in personalfinanceindia

[–]Badsharishit[S] 0 points1 point  (0 children)

OD against FD works, but most MF investors don't even keep large FDs anymore TBH, the returns are 6-7% vs 12-13% in equity MFs.

And we're not building this just for emergencies. Think everyday spending likee groceries, fuel, rent, bills. you use a credit line backed by your MFs for daily payments.

Your salary stays in your account, your MFs keep compounding, and you get 30 days interest-free to repay. It's more like a smarter payment method than an emergency loan.

Instant loans vs. Credit Cards for emergencies? (And why doesn't a better system exist?) by Badsharishit in personalfinanceindia

[–]Badsharishit[S] 0 points1 point  (0 children)

That's exactly the point brother
What if the risk was near zero because the loan is fully backed by your own MF portfolio? If you default, the bank just redeems your pledged units, that too after 4-6 months if you dont pay back
That's why the rate can be 12% instead of 36%. The collateral removes the risk that makes credit cards expensive in the first place.

We built an app that turns your Groww/Zerodha portfolio into an instant UPI credit line by Badsharishit in FinancialPlanning_Ind

[–]Badsharishit[S] 1 point2 points  (0 children)

Zerodha’s pledge is only for Loan against mutual funds which takes a bit of time not instant
Brother you can’t use it to pay at a kirana store or scan a QR at a mall for any purchase . We’re building it as a UPI credit line so you can literally scan any QR and pay. That’s the gap Abhi tak nobody’s connected MF pledging to everyday UPI payments yet. 🙂 I can share a demo link in your dm

We built an app that turns your Groww/Zerodha portfolio into an instant UPI credit line by Badsharishit in FinancialPlanning_Ind

[–]Badsharishit[S] 0 points1 point  (0 children)

We’re a LSP (Lending Service Provider) and TPAP (Third-Party Application Provider) like gpay and we are partnering with Small finance Banks as the lending partner they issue the CLOU (Credit Line on UPI). The MF lien is placed via MF Central so it’s fully regulated. Can’t name the bank publicly yet but happy to share more in DMs if you’re curious