Features of Loan Against Fixed Deposit
Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return. The amount of the loan depends on the FD deposit amount.
A Loan against fixed deposit, can tend to your needs without hampering your FD investment. As compared to other loan options, a loan against FD has lower interest rates. You also do not need to pay any charges for processing and other taxes that might get levied on other loan options.
Interest Rate Prevailing for the Loan Period/Scheme
As per FD period
(Term Deposit Maturity)
Duly filled Application form with
Applicant’s Term Deposit Certificate.
KYC of Applicant.