Know your Loan Against Fixed Deposit features and benefits

When you invest in our fixed deposit (FD), we provide you with the additional facility to apply for a loan against your invested amount.

However, you can apply for a loan against your fixed deposit (LAFD) once your deposit completes the three months lock-in period.

Get a high-value loan against your fixed deposit. If you’ve opted for a cumulative FD, you’ll get a loan of up to 75% of your principal amount. In the case of a non-cumulative FD, you can borrow up to 60% of the principal amount.

If you opt for a loan against fixed deposit, you don’t need to pay any EMIs. Your loan amount, along with the interest, gets adjusted against the FD amount at the time of FD maturity.

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  Features of a loan against fixed deposit

  • You do not have to go through lengthy paperwork to get our loan against fixed deposit.
  • Getting our loan against fixed deposit is easy as we offer a quick disbursal time of just 24 business hours*. 
  • You can foreclose your loan against fixed deposit anytime before FD maturity by raising a request or visiting any of our branches.
    
    

  Manage your LAFD features
  

When you invest in our fixed deposit, you can use your investment amount as collateral and apply for a loan. Visit our customer portal to apply for a loan against fixed deposit in a few simple steps.