• MyFi has launched MyCash, an AI-driven credit solution offering instant liquidity at 10.5% interest without requiring investors to sell their assets.
  • The fully digital process allows users to access ₹10,000 to ₹5 crore within minutes, keeping investments intact while ensuring flexible repayment options.

AI-powered wealth management platform, MyFi has launched MyCash, a credit solution that allows investors to access funds without selling their investments. The service provides instant credit at an interest rate of 10.5%, which is lower than many traditional financing options such as credit cards and personal loans.

Unexpected financial needs often force individuals to liquidate investments or opt for high-interest borrowing. A recent LocalCircles survey revealed that 58% of borrowers pay over 25% interest on credit options, with credit card rates ranging from 36-48% annually and personal loans typically falling between 12-24%.

MyCash aims to provide a lower-cost alternative by offering instant liquidity while keeping investments intact. Kiran Nambiar, CEO and Co-Founder of MyFi, highlighted the challenges faced by investors, stating,

“Too often, investors face a tough choice to either break their investments or struggle with immediate financial needs. Whether it’s covering a sudden medical bill or making a down payment on a home, we at MyFi believe access to liquidity should not come at the cost of long-term financial goals.”

MyCash operates through a fully digital process, eliminating paperwork and allowing users to access amounts between ₹10,000 and ₹5 crore within minutes. The service applies interest only on the amount used for the duration it is needed, offering a cost-effective approach to short-term liquidity.

The platform also utilizes AI-driven analysis to assess users’ financial health. If high-interest credit card debt or other loans are detected, MyCash suggests itself as a lower-cost borrowing alternative, helping users make informed financial decisions.

The solution ensures that mutual fund holdings remain untouched, enabling investors to continue earning dividends and bonuses while accessing cash when required. A secure digital lien-marking process ensures investments remain intact while providing liquidity. Repayment is flexible, allowing users to pay only the interest monthly and settle the principal at their convenience without prepayment penalties.

With AI-powered financial solutions becoming more prevalent, MyFi’s latest offering reflects a broader trend toward digitized, accessible credit solutions tailored to investors' needs.

Edited by Harshajit Sarmah