What are the eligibility criteria to apply for a loan against FD?
Wondering if you're eligible for a loan against FD? Here's a quick breakdown of who can apply:
- Resident individuals: You must be a resident of India and over 18 years of age. Please note, this facility is not extended to NRIs, PIOs, or foreign nationals.
- Hindu Undivided Families (HUFs): HUFs families with a shared lineage and financial interest can apply with ease.
- Sole proprietorships: Running your own business? If you operate as a sole proprietor, you’re eligible.
- Partnership firms: If your business is a partnership, you can easily access this facility.
- Clubs, societies, and associations: Registered societies and associations can also apply to meet their financial needs without breaking their FDs.
Whether you are managing personal expenses or running a business, a Loan Against FD gives you instant liquidity without breaking your investment. Apply now
Interest rates and loan amount
With a Loan Against FD, you get to borrow at highly competitive interest rates—only 2% above your FD interest rate.
- Cumulative FD: Get a loan of up to 75% of your FD value.
- Non-cumulative FD: Borrow up to 60% of your FD value.
This makes it one of the most cost-effective ways to get cash without compromising your savings.
How much can be availed of as a loan by pledging your FD?
The amount you can borrow depends on your FD type:
- Cumulative FD: Up to 75% of the deposit can be availed as a loan.
- Non-cumulative FD: You can borrow up to 60% of your total investment.
How soon can you receive funds, and what is the cost of borrowing?
Time-sensitive needs? This loan has you covered. Once approved, your loan is typically disbursed within 24 hours and sent directly to your bank account.
The cost? Just 2% above your FD rate, keeping it far more affordable than most unsecured loans.
From application to disbursal, all in a day. Get the funds you need, when you need them. Apply now
Repayment of the loan against FD Bajaj Finance
Repayment is straightforward and flexible—tailored to match your needs:
- Interest payments: Typically adjusted against the interest your FD earns. You can choose monthly, quarterly, or annual frequency.
- Principal repayment: Repay in one go at the end of the tenure or opt for EMIs.
- Tenure: The loan term usually aligns with your FD’s maturity date.
- Premature FD withdrawal: In case you break your FD early, your outstanding loan gets settled from the maturity amount.
- Loan renewal: Planning to renew your FD? You might be able to renew the loan as well—based on eligibility and approval.
Features and benefits of loan against fixed deposit
Here’s why this offering stands out:
1. Flexible loan amount
- Borrow up to 75% of your cumulative FD
- Up to 60% for non-cumulative FD
- Minimum loan value: Just Rs. 3,000
2. No mandatory EMI
You don’t need to pay regular EMIs. Repay when it’s convenient—before your FD matures.
3. Zero foreclosure charges
Close your loan whenever you want—no extra fees, no questions asked.
4. Competitive interest rates
Interest rates are just 2% above your FD rate, making it a far more viable option than unsecured credit.
5. Tenure flexibility
Choose a loan term starting from 1 month and going up to the maturity of your FD.
6. My Account portal access
Track your loan, check balances, download statements, and more 24/7, from anywhere.
How to apply online for a loan against fixed deposit?
Getting started is easy. You can apply online or visit your nearest Bajaj Finance FD branch.
To apply online:
- Initiate your application: Click the ‘Apply’ button on the Bajaj Finance website.
- Sign in: Enter your mobile number and click ‘GET OTP’.
- Verify OTP: Once validated, you’ll be redirected to ‘My Account’.
- Select your FD: Under “My Relations”, choose the FD you wish to borrow against.
- Quick action: Click on “Get a loan against FD”.
- Enter loan amount: Specify the desired amount.
- Generate and verify OTP again to confirm your request.
- Submit: That’s it! Your application is under process.
Once done, a Bajaj Finance representative may reach out for any follow-ups.
No branch visits, no long waits just a few clicks to avail your funds online. Apply now
What is the tenor that you can avail of a loan against FD for?
The loan tenure can be anywhere between 1 month to the remaining maturity of your FD. You can apply for the loan after 3 months of starting your fixed deposit.
And here’s the kicker your FD continues to earn interest even while it's pledged as collateral.
Why choose a loan against FD?
Whether it’s a personal need, a business opportunity, or an unexpected emergency, a loan against FD helps you access instant liquidity while letting your investment stay intact and earn returns.
- No need to break your FD
- Quick approvals and fast disbursals
- Flexible repayment options
- Low interest rates
- No prepayment penalties
Don’t break your fixed deposit. Bend them to your will. Get a Loan Against FD today and handle your finances well. Apply today
Conclusion
A loan against FD is one of the smartest ways to unlock liquidity without disturbing your long-term savings. Whether you’re facing a sudden expense, funding a short-term goal, or just want a backup for emergencies this option gives you the best of both worlds: quick funds and continued returns on your deposit. With no EMIs, no foreclosure charges, and instant approval, Bajaj Finance makes the entire borrowing experience seamless. Add to that flexible tenures, competitive interest rates, and the convenience of online application and you have got a solution that works with your financial goals, not against them.
Need funds urgently but don’t want to break your FD? Get a loan against your FD in just a few clicks. Apply now