A loan against fixed deposit is a great option to meet your urgent financial needs without premature withdrawal of your fixed deposit. It is also an easy and hassle-free process to get the loan approved. Once the loan is disbursed, it is important to keep a track of its details. Thankfully, it is easy to check the details of your loan against fixed deposit by visiting the customer portal of the bank. In this article, we will walk you through the steps to check your loan against fixed deposit details.
Step 1: Sign into the customer portal – My Account
To log in, provide your registered mobile number and your date of birth. Enter the OTP sent to your registered mobile number to sign in. If you have logged in via our app, simply navigate to the account section from the home screen.
Step 2: Select your loan account
Once you have logged in, find 'My Relations' section present in the dashboard of My Account. From the menu, select your loan account to see its details.
Step 3: Check your loan details
After selecting the loan account, you can view the details of your loan against fixed deposit like the outstanding amount, rate of interest, deposit ID and more.
When an individual takes a loan against their fixed deposit, they are assigned a unique alphanumeric string called a loan account number (LAN). This code is used to monitor and manage all the loan-related information. By having a LAN, the borrower can easily track their repayment schedule, any outstanding amount, interest rates, and the period of the loan. It allows the borrower to keep a record of all the loan-related details and helps them stay updated on the status of their loan.
In conclusion, it is important to stay updated and keep a track of the loan against fixed deposit details to ensure timely repayments. By following the above steps, you can easily check your loan against fixed deposit details online, from the comfort of your home.
