Frequently Asked
Questions

1Fi offers a smarter way to own your Device without selling your investments. Through our partnership with DSP Finance (via their subsidiary Volt Money), we enable you to pledge your mutual funds and instantly access financing in a completely digital, paperless process.

Here's how it works:

You pledge your existing mutual fund units digitally while continuing to own your investments and earn returns.

The financing is processed seamlessly through Volt Money, integrated via 1Fi's secure API.

Once approved, DSP Finance disburses the loan amount directly, and your Device purchase is completed instantly.

You then repay the amount as per the chosen tenure.

After full repayment, your pledged mutual funds are automatically unpledged.

This model allows you to keep your wealth compounding while enjoying the latest Device today — a modern, secure, and efficient way to finance your lifestyle

A Loan Against Mutual Funds (LAMF) allows you to get instant cash by pledging your existing mutual fund investments as collateral without selling them. You continue to own your investments and earn returns on them, while using the borrowed amount for your needs like buying an Device, handling expenses, or managing short-term cash flow. It's a quick, paperless process where funds are approved within minutes, and you can repay anytime to release your pledged units.

Yes, absolutely. Your mutual fund remains completely safe and secure throughout the financing process.

When you pledge your mutual funds through 1Fi, the process is executed via DSP Finance, using regulated, SEBI-compliant mechanisms. The units are simply marked as "pledged" - they are never sold, transferred, or withdrawn.

You continue to own your investments and earn returns on them during the tenure of the loan. Once your loan balance is fully repaid, the mutual funds are automatically unpledged and restored to their original state.

In short, your wealth stays invested and protected while you enjoy instant access to liquidity — a safe and smart way to finance your purchases.

Anyone who holds mutual fund investments in their name and meets basic KYC requirements can apply for 1Fi's mutual fund–backed EMI option.

You are typically eligible if you:

Have mutual funds registered under your PAN (in demat or statement form).

Are an Indian resident above 18 years of age.

Have a valid KYC-compliant mutual fund account.

Your mutual funds remain in your name and ownership — they are simply pledged as collateral for the loan. You continue to be the rightful owner, and once you repay the loan, the pledge is automatically removed, and your funds are fully released back to you.

Yes. Even when your mutual funds are pledged, you continue to earn all the returns, dividends, and appreciation as usual. The loan does not impact the performance or growth of your investments.

No, pledged mutual funds cannot be sold or redeemed until the loan is fully repaid. Once you close the loan, the lien is lifted, and you can freely access, sell, or redeem your investments anytime.

The entire process is designed to be fast, digital, and hassle-free. Once you submit your details and pledge your mutual funds, the approval is completed within minutes through our secure integration partner. After approval, the loan amount is instantly disbursed, allowing your Device purchase to be completed almost immediately.

In most cases, the entire journey from application to disbursement takes less than 10 minutes, provided your mutual fund and KYC details are in order. So, you can get your Device the same day with zero paperwork, instant approval, and full transparency.

When you take a loan against your mutual funds, we lien mark/pledge your mutual fund units in the name of the lender, so that it cannot be redeemed/sold until you pay back the loan. The lien marking process is done 100% digitally and in real time.

You have the flexibility to request the removal of the lien from your mutual fund units at any time. Depending on your current loan amount and utilization, you can choose to remove the lien from specific mutual fund units or from all the units you have pledged.

You are required to repay the minimum interest amount, generally a very small amount.

For example - if your loan outstanding is ₹1,00,000 and the interest rate is 10.5%, you minimum monthly outstanding payment amount is ₹875 irrespective of the EMI plan you choose.

If you are unable to pay the minimum interest amount, your pledged mutual funds may be sold.

Yes, absolutely. 1Fi offers complete flexibility to pre-close your loan anytime during your tenure.

If you wish to repay your loan early, you can simply raise a pre-closure request through our support team or via partner portal. Once your outstanding balance is cleared, your mutual funds are instantly unpledged and released back to you.

Our loan is 100% flexible with no prepayment or fore closure charges. Early repayment helps you save on interest and regain control of your investments.

With 1Fi, you stay in charge of your money from start to finish.

Once your mutual fund pledge and financing are approved, your Device order is processed immediately.

In most cases, your Device is dispatched or made available the same day, depending on stock availability and your delivery location or partner store.

You'll receive real-time updates and confirmation as soon as the payment is completed on your behalf. So, you get your Device fast, seamlessly, and without paying upfront.

Absolutely. Every Device purchased through 1Fi comes directly from authorized sellers or verified partner stores. You receive a brand-new, sealed device with a standard warranty and official GST invoice, ensuring complete authenticity and peace of mind.

Yes! You're free to choose any Device model, colour, and storage variant available with our partner retailers. Whether it's the latest Device 17 Pro Max or a previous-generation model, 1Fi's flexible EMI structure applies to all so you can buy the phone that fits your lifestyle and budget.

Yes, you can claim GST input on your Device purchase if it is billed under your registered business name with a valid GST number.

1Fi aims to keep the process simple and affordable. A nominal one-time processing fee of ₹1,000+GST is charged for pledging of your funds when availing the loan against your mutual funds. But 1Fi gives you a 100% cashback of your processing fees once you've completed the purchase.

No, there are absolutely no hidden or extra charges beyond the interest. The one-time processing fees of ₹1,180 (incl. of GST) is charged for creation of the pledge. 1Fi provides a 100% cashback of this fee, ensuring there are no charges beyond the interest payment. 1Fi follows a 100% transparent pricing model, ensuring you know exactly what you pay and why.

The financing is designed to be low-cost and investment-backed. Instead of traditional loans, you unlock liquidity by pledging your mutual funds, which allows for attractive, lower interest rates compared to standard consumer loans (16-20%) or credit card EMIs.

We are running a short-term offer where we provide an additional cashback of ₹8000 (including cashback on the processing fees).