Mirae Asset Financial Services is an Android application that allows users to easily avail of loans against securities such as shares or mutual funds. The app is licensed by the Reserve Bank of India and offers a revolving line of credit as an overdraft facility. The loan can be availed in six easy steps, including registering, selecting the type of loan, KYC verification, selecting and pledging securities, verifying bank account via E-mandate, and signing the loan agreement.

The app offers an annual interest rate (APR) starting from 9% and going up to 15%, with a processing fee of ₹2,000 + GST and stamp duty of ₹500 charged at the time of loan booking. The tenure for the loan is 12 months, with a minimum period of 12 months and a maximum period of 12 months. The loan repayment amount includes the principal and interest, with the interest payable calculated based on the utilized amount and the period for which it was used.

The Loan Against Securities feature of the app is perfect for those who require quick loans and have securities to pledge as collateral. The app is easy to use and offers a hassle-free process for availing loans. However, the app could benefit from more information on the various types of loans available and the eligibility criteria for availing them.