Sqrrl - Mutual Funds,SIP, ELSS

About Sqrrl - Mutual Funds,SIP, ELSS Android App

⭐️Google Play Store featured best mutual fund investing app. Trusted by millions of Indians for investing in mutual funds to reach their saving goals, starting SIP online, for income tax saving.⭐️



Sqrrl is an AMFI registered Mutual Funds Distributor (ARN-112848)



Sqrrl is a mutual funds investment platform. Achieve your financial planning objectives:
● SIP for achieving your long term goals. Be it building a house or saving for your children’s wedding - fulfill your dreams with our SIP investment app
● Invest your spare change in best funds for higher returns with Sqrrl Away. We track your spendings by monitoring your SMS and round-up your spare change effortlessly
● Easy income tax saving by investing in tax saving mutual funds called ELSS funds. By investing in tax saving mutual funds you get income tax exemption upto Rs 1.5 lakhs under section 80C.
● Start financial planning by investing in Equity mutual funds, Debt mutual fund, Gold funds, top ELSS fund with the best mutual funds app.



We’ve the best mutual funds partners to help you in saving & investing:
- SBI mutual fund
- HDFC Mutual Fund
- Mirae Asset Mutual Fund
- Kotak Mutual Fund
- ICICI Prudential Mutual Fund
- Axis Mutual Fund and many more



Our personal finance app accepts payments from all top banks inc. SBI Bank, ICICI Bank, HDFC Bank, CITI Bank, Yes Bank, Kotak Bank & more



We need permissions for:
- SMS: For automatically tracking your expenses & bills via transaction SMS on phone
- Camera & storage: To click selfie & other proofs needed for KYC verification to upload any image



Our Testimonials



★ BUSINESS STANDARD: “Sqrrl makes investing spare change effortless and fun”
★ OUTLOOK MONEY: “Helping millennials in rural and semi-urban India save by simplifying investing"
★ ECONOMIC TIMES: “The free Mutual fund app will solve all investment problems”



Trust and Security



● 100% secure with 128-bit encryption
● Best Mutual funds picked by a team of expert investors with over 60+ years of experience
● AMFI registered Mutual Fund Distributor (ARN-112848)



What's New?


Sqrrl now offers Loan against securities. Avail instant loan on your securities starting from Rs 15,000 to Rs 1,00,00,00 and get the money transferred to your bank account within 4 hours.


Features of Sqrrl – Loan against securties:

Instant Approval

Loan Range Between Rs. 15,000 to Rs. 1,00,00,000

No Foreclosure Charges

100% paperless loan application

Get instant credit line

Loan credited to your bank account within 4 hours

Loan repayment through various payment methods



Avail the money you need online via the Sqrrl. It is simple to use and the best online loan against securities platform in India.



Get up to Rs. 1,00,00,000 loan online or avail credit line using the Sqrrl. Know your loan eligibility in minutes and apply for a loan against securities easily.



Documents required to apply for a loan:

PAN card

ID Proof

Address proof



Interest, tenures, and other specifications



Minimum Repayment Tenure: 3 months

Minimum Repayment Tenure: 3 months

Maximum Repayment Tenure: 36 months

Processing Fee: 2% of loan amount or Rs. 1000 plus GST, whichever is higher

Penal Interest Rate: 2% P.M. for the default period

Interest rate: Starting at 0.67%/month

Annual Renewal Charges: Rs. 999+GST

Bounce Charges: Rs. 500+GST



Sample:

Loan amount: ₹100,000 at Fixed interest rate of 8% p.a. (Equivalent Reducing Interest Rate of 14.45%)

Loan Duration: 1 year

Total loan against securities interest = ₹ 7,999

Processing fees (PF) + GST = ₹ 2,360

Total Deductibles (PF + GST) = ₹ 2,360

In-Hand Amount: Loan Amount - Total Deductibles = ₹1,00,000 - ₹2,360 = ₹97,640

Total Repayable Amount (Loan Amount + Interest) = ₹1,07,999

Monthly EMI Repayable (Loan Amount + Interest / No of EMI’s): ₹ 9,000

PF + GST are deducted upfront during the loan disbursal.