Foreclose your Loan Against Fixed Deposit

If you have surplus funds, you can foreclose your loan against fixed deposit without paying any additional charges. You can either visit any of our branches or raise a service request with us.

When you close a loan against fixed deposit, you have to pay the principal and applicable interest amount. Your interest amount is calculated from the date of disbursement to the date of foreclosure. Once your loan is closed, you can continue enjoying the benefits of your fixed deposit.

Please note that when you opt for a loan against fixed deposit, you have to pay a 2% p.a. higher interest rate than your FD rate.

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  Raise a request to foreclose your loan

  Visit our customer portal – My Account and follow these simple steps to raise a request.

  • Click on the ‘Sign-in’ button at the top of this page to go to My Account.
  • Enter your registered mobile number and submit the OTP to sign-in.
    
  • Verify your details by entering your date of birth and proceed.
  • Select ‘Deposit’ as your product type to proceed with your foreclosure request.
  • Choose ‘Loan against Fixed Deposit’ as your Query type and ‘Close my loan’ as the ‘sub-query type’.
    
  • Upload supporting documents if needed and proceed to submit the request.

  Alternatively, you can click on the ‘Foreclose your LAFD’ option below to sign-in to My Account. Once signed-in, select your product and relevant query and sub-query and proceed.

  Once you raise a request to foreclose your loan, our representative will reach out to you within 48 business hours to guide you further.

  Foreclose your LAFD

If you have surplus funds, you can foreclose your loan against fixed deposit by paying the entire principal and interest amount. You can go to our customer portal – My Account to raise a request for foreclosure. You can also visit any of our branches to foreclose your loan.