ET Money review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

ET Money lends against mutual funds through a revolving credit line and a secured loan, which suits investors who already hold funds and want money only as they need it. Interest of 9.99% to 10.75% sits below the site median of 12%.

Key facts

Best for
Holding mutual funds and needing a secured line without a credit check
APR
9.99% to 10.75% (Source, checked September 26, 2026)
Loan amount
up to ₹20,000,000 (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
4-24 hours to set up the credit line; withdrawals instant under Rs 20 lakh, 2-3 hours above (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Age 18-70 years, individual applicants only, mobile number linked to Aadhaar and PAN (Source, checked September 26, 2026)
Loan types
Credit-line, Secured (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Money International (Source, checked September 26, 2026)
Headquarters
Belgium (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre, Community (Source, checked September 26, 2026)
Features
Same-day funding, Credit line
Official website
etmoney.com

Apps and profiles

Elsewhere
LinkedInXyoutube.com

Pros and cons

Pros

  • No credit check, so a thin credit history does not stand in the way
  • Free early repayment, so settling the balance early costs nothing extra
  • A direct lender, so the account, the collateral and the decision stay with one company

Cons

  • The eligibility rules are narrow: individual applicants only, with a mobile number linked to Aadhaar and PAN
  • Set-up takes a waiting period, and withdrawals above the smaller instant limit take hours
  • Credit needed is set at poor, the band 45.1% of the brands on the site sit in
ET Money

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Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Investors who already hold mutual funds and want to borrow against them
  • Borrowers whose credit history rules out a mainstream personal loan

Who should look elsewhere

  • Applicants who cannot link a mobile number to Aadhaar and PAN, which this lender requires
  • Anyone wanting an unsecured loan, since the products listed are a credit line and a secured loan

Safety and regulation

ET Money is a direct lender, so the credit decision and the account sit with the same company. It is registered with SEBI as an investment adviser, INA100006898, and with AMFI as a mutual fund distributor, ARN-112749. The same group is listed with Belgium's National Bank under PSD_PI BE_NBB!0475445104. The lending is secured on your holdings, so their value sets the risk.

Who runs it

The lending entity is Money International and the group headquarters sits in Belgium. Support runs on email, phone and help centre, so a question can go to a person as well as to the help centre. The SEBI registration INA100006898 and the AMFI registration ARN-112749 sit alongside the Belgian listing PSD_PI BE_NBB!0475445104.

How ET Money compares

Where ET Money is available

Available
Belgium, India
Licence in India
SEBI (Investment Adviser, RIA) (INA100006898), checked September 26, 2026
Licence in India
AMFI (Mutual Fund Distributor) (ARN-112749), checked September 26, 2026
Licence in Belgium
BE_NBB (PSD_PI BE_NBB!0475445104), checked September 26, 2026, also valid in Belgium

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do I pay on a loan against mutual funds?+

Interest runs 9.99% to 10.75% on the credit line and on the secured loan, both backed by your mutual funds. The rate is quoted as a band, so the figure you are offered depends on the holdings you pledge. Free early repayment means clearing the balance early adds no charge.

How much can I borrow?+

The credit line runs to up to INR 20,000,000, which is large next to most personal loans on the site. It is a limit, not a payout: you draw what you need, repay, and can draw again later. The mutual funds stay pledged for as long as the line is open.

Does a credit check decide this?+

No credit check is run, which is why the line suits borrowers with a thin or poor credit file. The decision rests on the funds you pledge rather than a credit search. Credit needed is set at poor, so a strong file gains little here.

What can I use the money for?+

Home improvement is the stated use, home improvement. The line is a revolving facility rather than a single instalment loan, so you can repay and redraw as the work goes on. Anything else is a question to settle with the lender before you draw.

Which company am I dealing with?+

The lending entity is Money International, with the group headquartered in Belgium. It is a direct lender, so the credit decision comes from the same company that holds your account and the funds you pledge. Registrations sit with SEBI in India and with the National Bank of Belgium.

How fast can I get the money?+

The listed features, same day funding and credit line, put speed first. Setting up the credit line takes a waiting period measured in hours, withdrawals below the instant limit are immediate, and larger drawdowns take a few hours rather than a day.

Sources

  • euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026

    Backs: Licences, Headquarters, Legal entity

    “EntityCode=BE_NBB!0475445104; EntityType=PSD_PI; ENT_NAM=Money International”

  • etmoney.com/disclosures checked September 26, 2026

    Backs: Support channels

    “Customer Care Desk, Plot No. 391, Udyog Vihar, Phase-III, Gurugram, Haryana, 122016, + 91-124-4187000, help@etmoneycare.com”

  • etmoney.com/loan-against-mutual-fund checked September 26, 2026

    Backs: Credit needed, Eligibility, Features, Free early repayment, Funding time, Loan amount, Lender type, Loan types, Use cases, APR, Credit check

    “Those with low or no credit score, seeking better loan terms”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Arrangement fee, Representative example.

ET Money

ET Money

Holding mutual funds and needing a secured line without a credit check

9.3/10See alternatives

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