Jio Financial Services shares surge as NBFC forays into digital loans against stocks, mutual funds

Jio Financial Services Ltd’s (JFSL) on Tuesday, April 8, announced that its NBFC arm, Jio Finance Ltd (JFL), is foraying into Digital Loans Against Securities (LAS) via its Jio Finance App.

Shares of Jio Financial Services surged 5.45% to an intra-day high of ₹225.15 apiece on the National Stock Exchange (NSE) on Tuesday. It closed in the green at ₹224.81 apiece, up 5.29% on the NSE and was one of the top gainers on the NIFTY50 today,

The fully digital Loan Against Securities (LAS) service will allow customers to get loans up to ₹1 crore in 10 minutes, leveraging their investments, such as shares and mutual funds.

The LAS, comprising Loan Against Shares and Loan Against Mutual Funds, will allow customers to avail loans at competitive interest rates starting at 9.99%, tailored to their individual risk profile.

“These loans are for a maximum tenure of up to three years, with no foreclosure charges,” JFSL said in the regulatory filing.

The LAS service will be available through the company’s JioFinance app and is designed to meet people’s financial needs, without requiring them to sell their securities, it stated.

“By choosing LAS on the JioFinance app, customers gain convenient access to short-term funds while keeping their long-term investment growth on track,” the filing said.

Kusal Roy, Managing Director and CEO of Jio Finance Limited, said: “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.”

Jio Financial Services share performance

The stock lost 2.28% over the last week and 1.19% since the beginning of April. The scrip slumped 24.74% on a year-to-date basis.

Jio Financial Services has a total market capitalisation of ₹1.43 lakh crore as of April 8, 2025, on the NSE.