LAFD is a borrowing facility offered by Bajaj Finance Limited on Fixed Deposits, allowing individuals to obtain a loan, instead of breaking the FD prematurely and losing out on interest earnings.
Product Details
Tenure
The Loan Against FD can be availed post 3 months of booking of Fixed Deposit
Age
Applicant should be above 18 years
LAFD Foreclosure Condition
If customer takes loans against FD, it cannot be pre-matured before repayment/foreclosure.