Frequently asked questions
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.
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.
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.
According to RBI rules, the loan's interest rate will be 2% higher than the FD's interest rate.
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.
Taking a loan against your Fixed Deposit (FD) does not typically have any tax implications.
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.