Loan Against Fixed Deposit Eligibility Calculator

A loan against fixed deposit curated exclusively for Bajaj Finance Limited FD holders. Check your eligibility now.

About Loan Against Fixed Deposit Eligibility Calculator

Curious about how much you can borrow without breaking your FD? Our loan against fixed deposit eligibility calculator simplifies the process by swiftly computing your eligibility based on your fixed deposit's value. It's quick, easy, and provides instant results, saving you time and effort.

This tool allows you to access all the essential information like loan tenure and interest rates, helping you take informed decisions about your financial needs. Whether you have a short-term goal or a long-term plan in mind, we ensure you get the most out of our loan against FD, allowing you to access the funds you need while your investment continues to grow.

Frequently asked questions

How does the loan against FD calculator work?

Our loan against FD calculator determines your eligible loan amount based on your FD’s deposit value. It also calculates the loan tenure and interest rate.

What is the advantage of using loan against FD eligibility calculator?

Use the LAFD calculator to save time, eliminate guesswork, and ensure that you have a clear understanding of your borrowing potential and associated terms before applying for the loan, making the entire process more convenient and transparent.

Is the calculated loan amount guaranteed?

The results from this calculator depend on your FD value and provide an estimate of your borrowing capacity. However, the loan amount and other related norms shall be at the sole discretion of Bajaj Finance Limited.

How is the loan interest rate determined for a loan against FD?

According to RBI rules, the loan's interest rate will be 2% higher than the FD's interest rate.

How do I apply for a loan against FD after using the calculator?

To apply for a loan against your Fixed Deposit (FD) after using the calculator, simply click on the "Apply Now" button. The subsequent steps are straightforward and user-friendly.

Are there any tax implications for taking a loan against FD?

Taking a loan against your Fixed Deposit (FD) does not typically have any tax implications.

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Results generated by the calculator(s) are indicative in nature.

The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.

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