Jio Financial Services Stock Rises Over 3%: A Look at the New Digital Loan Against Securities

In a significant development for investors and stakeholders, Jio Financial Services has seen its share price surge by over 3% after the announcement of a fully digital Loan Against Securities (LAS) facility by its subsidiary, Jio Finance Limited (JFL). The stock rose as much as 3.93%, reaching ₹221.90 per share on the Bombay Stock Exchange (BSE) on April 8, 2025.

What is the Loan Against Securities (LAS)?

The newly launched Loan Against Securities is a secured lending product that allows customers to leverage their existing investments, such as shares and mutual funds, to secure loans at competitive interest rates. The entire process is digital, enabling customers to access loans in just ten minutes—thanks to the convenience of the JioFinance app.

Key Features of the LAS Facility:

• Loan Amounts: Customers can avail loans of up to ₹1 crore.
• Interest Rates: Rates start at a competitive 9.99%, based on individual risk profiles.
• Tenure: Loans can be taken for a maximum period of three years.
• No Foreclosure Charges: Customers can repay their loans early without incurring additional charges.

Kusal Roy, Managing Director and CEO of Jio Finance Limited, highlighted that the launch of the LAS facility is part of their broader digital strategy aimed at enhancing customer experience and accessibility in financial services.

Jio Financial Services Stock Performance

Despite this positive news, Jio Financial shares have faced considerable challenges in the market over the past year. The stock has experienced a decline of 40% over the last 12 months, with a year-to-date drop of 27%. Furthermore, the shares are down more than 35% in the past six months.

Current Stock Status

At 2:10 PM on April 8, Jio Financial shares were trading at ₹221.75, reflecting a 3.86% increase during intraday trading. This uptick may provide a glimmer of hope for investors looking to capitalize on the company’s latest offerings.

Conclusion

The introduction of the Loan Against Securities facility could be a pivotal moment for Jio Financial Services, potentially attracting new customers and reviving interest in the stock. While the company has faced a downturn in share price, its move towards digitalization and enhanced accessibility for financial services is commendable. As always, investors should conduct thorough research and consult with certified financial advisors before making any investment decisions.