Know your loan against fixed deposit
When you invest in our fixed deposit (FD), we provide you with the additional facility to apply for a loan against your invested amount.
However, you can apply for a loan against your fixed deposit (LAFD) once your deposit completes the three months lock-in period.
Get a high-value loan against your fixed deposit. If you’ve opted for a cumulative FD, you’ll get a loan of up to 75% of your principal amount. In the case of a non-cumulative FD, you can borrow up to 60% of the principal amount.
If you opt for a loan against fixed deposit, you don’t need to pay any EMIs. Your loan amount, along with the interest, gets adjusted against the FD amount at the time of FD maturity.
Features of a loan against fixed deposit
- You do not have to go through lengthy paperwork to get our loan against fixed deposit.
- Getting our loan against fixed deposit is easy as we offer a quick disbursal time of just 24 business hours*.
- You can foreclose your loan against fixed deposit anytime before FD maturity by raising a request or visiting any of our branches.
When you invest in our fixed deposit, you can use your investment amount as collateral and apply for a loan. Visit our customer portal to apply for a loan against fixed deposit in a few simple steps.
Check your LAFD details
Sign-in to our customer portal to view your loan against fixed deposit details.