Loan Against Fixed Deposit (FD)
Please Note: Existing customers of Bajaj, who have booked an FD with us, can login to the customer portal – My Account to get instant loan against FD.
Instead of prematurely withdrawing your Fixed Deposit, you can avail of a Loan Against Fixed Deposit from Bajaj Finance. If you have a non-cumulative fixed deposit, you can avail of up to 60% of the value of your FD as a loan. This amount is higher, at 75% if you hold a cumulative FD.
Features and benefits of our loan against fixed deposit
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How to choose the right tenure
Learn how to choose the right FD tenure options based on your financial goals, and get tips for selecting the best FD tenure for maximum returns.
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Loan of up to 75% of deposit value
Get loan against your fixed deposit up to 75% of deposit value. Minimum loan value of Rs. 3000.
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No need to pay any EMI
After availing the loan, the borrower need not pay any EMI. The loan amount, and loan against FD interest rate, can be paid any time before the maturity date. If the amount is not paid by then, it will be adjusted from the maturity proceeds of the FD. NACH is not required.
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Zero foreclosure charges
No foreclosure charges applicable. You can visit any BFL branch for foreclosure of your loan.
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LAFD at interest rate of 2% p.a. over the underlying deposit rate
LAFD as interest rate of 2% p.a. over the underlying deposit rate.
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Flexible tenure option
Get loan of minimum 1 month. The loan is available for a flexible tenure of 1 month to the tenure of your deposit.
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Dedicated customer portal (My Account)
Download your loan statement and manage your loan online with our customer portal – My Account.
Offline loan through branches
You can visit the Bajaj Finance Limited branches and get loan of more than Rs. 4 Lakh per deposit.
Pre-approved offers
We have pre-approved offers for our existing and new customers. To check, all we need is your mobile number.
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Check your pre-approved offer
You might not require a loan at this time, or you might not have a pre-approved offer. There is still a vast selection of products available, which you can choose from. Loan is at sole discretion of Bajaj Finance and fulfillment of criteria as prescribed by Bajaj Finance Ltd:
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Two most crucial factors for you are your credit health and CIBIL score. Get our Credit Health Report to know your current financial health.
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Set up an SIP for as little as Rs. 100 per month
Select from over 1000 mutual funds from 40+ mutual fund companies, like Aditya Birla, SBI, HDFC, ICICI Prudential, and more.
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Who can Apply for a Loan against FD?
Loan against fixed deposit can be availed after completion of 3 months from the date of deposit with Bajaj Finance. The applicant must fall into one of the following types. No documents are required for applying online LAFD.
Eligibility criteria for loan against FD
- Resident individuals (except foreign citizens, persons of Indian origin and NRI) over 18 years
- Hindu undivided family (HUF)
- Sole proprietorship
- Partnership firms
LAFD cannot be availed for FD standing in the name of minor, FD where attachment/garnishee notice is received, and FD where lien is marked for other loans.
How to apply for a loan against FD – Watch the video tutorial
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How to apply for a loan against fixed deposit
Watch this video to learn how you can apply for a loan against fixed deposit with Bajaj Finance Limited
Step-by-step guide to apply for loan against fixed deposit
- Step 1: Click on ‘Apply’ to initiate your application.
- Step 2: Enter your mobile number to Sign in and click ‘GET OTP’.
- Step 3: Enter the OTP sent to your mobile number. On successful verification, you will be redirected to our customer service portal - My Account.
- Step 4: Under “My Relations”, click on “View Details” below the deposit against which you wish to apply for a loan
- Step 5: Click on “Get a loan against FD” under “Quick Actions”
- Step 6: Enter the amount of loan you wish to avail
- Step 7: Click on “Generate OTP”
- Step 8: Enter the OTP sent to your mobile number and click “Submit”
Additionally, customer can visit our FD branches and apply LAFD Once your application form is submitted, our representative will get in touch with your further proceedings. The final loan amount shall be calculated basis your investment amount in the fixed deposit.
Applicable fees and charges
The following charge is applicable on loan against fixed deposit:
Type of fee |
Charges applicable |
Annual maintenance charges |
Not applicable |
Frequently asked questions
The repayment tenure for a loan against FD varies among banks and financial institutions; but is usually short-term, ranging from a few months to a few years. The exact duration depends on the lender's policies and your agreement with them.
In instances where you fail to pay the EMIs, Bajaj will use the amount in your FD to adjust the payment against the loan availed.
Yes, senior citizens can apply for a loan against their fixed deposit (FD) with Bajaj Finance, provided they are resident individuals. The FD must have completed a three-month lock-in period before availing the loan.
Bajaj Finance charges an annual maintenance fee for a loan against FD. For a pure flexi loan, the fee is up to 0% (inclusive of applicable taxes) of the total withdrawable amount, as per the repayment schedule on the date of levy.
Yes, you can get a loan against your fixed deposit without breaking it. The FD continues to earn interest while the loan provides immediate liquidity.
A loan against FD usually has lower interest rates and quicker approval than a personal loan, making it a more cost-effective and convenient option if you already have an FD.
No, Bajaj Finance does not charge any foreclosure or prepayment fees on loans against fixed deposits, offering you flexibility to repay anytime.
No, loans cannot be availed against tax-saving fixed deposits due to their mandatory 5-year lock-in period and regulatory restrictions.
With Bajaj Finance, you can get a loan of up to 75% of your FD value without breaking it. Your deposit continues to earn attractive fixed deposit interest rates while you access funds quickly through a hassle-free process.
You get instant liquidity without disturbing your savings, zero foreclosure charges, and continued earnings through competitive Fixed Deposit Interest Rates all with minimal paperwork and quick disbursal.
You can avail of a loan up to 75% of your fixed deposit amount with Bajaj Finance, subject to your FD type and tenure.
Yes. Senior citizens can avail a loan against fixed deposit, provided the FD is active and held with an eligible bank or institution. The loan amount, tenure, and interest rate are generally similar to those offered to other customers.
Typically, minimal documentation is required. This includes a loan application form, identity and address proof, the fixed deposit receipt or FD details, and KYC documents. Existing customers may complete the process with fewer formalities.
Interest on a loan against FD is usually calculated as a small margin above the fixed deposit interest rate. It is charged only on the amount utilised and for the duration the loan remains outstanding, making it cost-effective.
In most cases, there is no penalty for prepaying or foreclosing a loan against FD. Borrowers can repay partially or fully at any time, helping reduce interest outgo without additional charges.
If repayments are delayed, the lender may recover the outstanding amount by adjusting it against the fixed deposit. This could lead to premature FD closure and loss of interest benefits, along with applicable charges.
Loan against FD is typically disbursed very quickly, often within a few hours or the same working day. Since the FD acts as collateral, credit checks are minimal, enabling faster processing.
Lien marking means the lender places a charge on the fixed deposit, restricting withdrawal until the loan is repaid. This protects the FD from being withdrawn or misused while the loan remains outstanding.
Yes, loan tenure can usually be extended, subject to the fixed deposit’s maturity date and lender approval. Extensions may require a request before maturity, and terms are aligned with the remaining FD tenure.
