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Loan Against Fixed Deposit FAQs

Frequently Asked Questions

Is there any processing fee for Loan against Fixed Deposit?

There is no processing fee in case of Loan against FD.

What is the maximum loan amount I can borrow?

You can take a loan up to 75% of the invested amount in a cumulative FD, and about 60% of the invested amount in a non-cumulative FD, to tend to your financial needs.

Are there any foreclosure or part pre-payment charges?

No. There are no foreclosure or part pre-payment charges applicable on your Loan against Fixed Deposit.

What is the rate of interest on your Loan against Fixed Deposit?

The rate of interest on your loan against fixed deposit is 2% more than the prevailing FD interest rates.