Fees and charges on loan against FD
Bajaj Finance offers loans against fixed deposits at a rate that is 2% higher than the prevailing FD interest rate.
There are no hidden fees and processing charges on availing of a loan against your fixed deposit. There are no charges to part-prepay or foreclose your loan either.
Frequently asked questions
When investing in a fixed deposit for a specific tenor, you gain returns on your deposit based on the latest FD rates offered by the issuer you invest with. You get the dual benefit of safety and high returns with Bajaj Finance Fixed Deposit.
A loan against FD facility enables you to avail of a loan against your fixed deposit to fund your financial requirements without having to liquidate all funds and lose out on returns at maturity.
There is no processing fee in case of a loan against FD.
No, there are no foreclosure or part-prepayment charges applicable on your loan against fixed deposit.
The interest rate on your loan against fixed deposit is 2% more than the prevailing FD interest rates.