Frequently asked questions

What is a loan against FD facility?

A loan against FD facility enables you to avail of an easy loan against your fixed deposit to fund your financial requirements without having to liquidate all funds and lose out on returns at maturity.

Is there any processing fee on my loan against fixed deposit?

There is no processing fee in case of a loan against FD.

What is the maximum loan amount I can borrow?

You can get a loan up to 75% of the invested amount in a cumulative FD and 60% of the deposited amount in a non-cumulative FD to fund your immediate liquidity requirements.

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 my loan against fixed deposit?

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

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