₹10,000 - ₹25 Cr
Loan of up to 80% of policy value| Funding against policies under lock-in period
Eligibility criteria and documents required
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To apply for a loan against a fixed deposit, applicants may need to submit the following documents:
- Completed loan application form
- Fixed deposit receipt
- Cancelled cheque, applicable for non-cumulative fixed deposits
Note: The above list is indicative. Additional documents may be required during the loan processing, depending on the lender’s requirements.
A loan against a fixed deposit allows you to access funds without prematurely closing the FD. For eligible Bajaj Finance Fixed Deposits, you may avail of a loan of up to 75% of the FD amount for cumulative deposits and up to 60% for non-cumulative deposits, subject to applicable terms and conditions. The facility involves minimal documentation.
Loans Against Securities
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Frequently Asked Questions
General
What are the eligibility criteria for getting a loan against a fixed deposit?
Eligibility for a loan against a fixed deposit depends on the lender's criteria and the FD held by the applicant. Factors may include FD ownership, deposit value, tenure and the applicant's profile. The fixed deposit must generally meet the lender's requirements for being accepted as collateral.
What documents are required to apply for a loan against fixed deposit?
Documents required may include identity proof, address proof and fixed deposit details. Depending on the lender and applicant profile, additional documents may also be requested. Existing customers with an eligible FD may have simpler documentation requirements. Always check the lender's latest document requirements before applying.
Who can apply for a loan against FD and what are the eligibility requirements?
Individuals holding an eligible fixed deposit may apply for a loan against FD, subject to the lender's terms. Eligibility may depend on factors such as the applicant's age, FD ownership, deposit value and other lender-specific requirements. The FD must generally be accepted by the lender as collateral.
Disclaimer
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