FAQ’s
FAQ’s
Frequently Asked Questions
Is there a credit score requirement for getting LAMF?
While credit score matters, lenders also consider the value and type of mutual funds pledged. KSquare helps assess your eligibility beforehand.
What are Tier I and Tier II NPS accounts?
Tier I is the mandatory retirement account with tax benefits, while Tier II is voluntary with flexible withdrawals but no tax deductions.
What are the tax benefits of NPS?
NPS offers deductions up to ₹1.5 lakh under Section 80C and an additional ₹50,000 under Section 80CCD(1B) of the Income Tax Act.
How do I repay the loan taken against mutual funds?
You can repay the loan in EMIs or lump sum, as per the agreed terms. KSquare offers reminders and easy tracking.
Will I get tax benefits through SIP investments?
Yes, SIPs in ELSS funds qualify for tax deductions under Section 80C up to ₹1.5 lakh annually.
How do I choose the right asset allocation in NPS?
KSquare helps you select between Active and Auto choices based on your age, risk appetite, and retirement goals.