Young woman using a phone

Procedure to get a loan against FD

Procedure to get a loan against FD

2 min read

During emergencies, many investors break their FDs before maturity. This results in loss of interest and may attract premature withdrawal penalties. But, with Bajaj Finance, you can fund financial emergencies without breaking your FD. Instead, take a loan against a fixed deposit and get access to funds within just 24 hours.

Here are some benefits of availing of a loan against FD

High loan value: In the case of cumulative FDs, investors can avail of a loan up to 75% of the FD amount. Investors who opted for non-cumulative FDs can get a loan up to 60% of their FD amount.

Quick processing: With a loan against a fixed deposit by Bajaj Finance, get money in your bank within just 24 hours.

No extra charges: Fulfill your financial needs and make repayment cost-effectively without additional charges for foreclosures.

Minimal documentation: Get guaranteed approval with single-page documentation and access funds without hassles. You can easily fund unplanned expenses by availing a loan of up to 75% of your FD amount with Bajaj Finance FD without affecting your returns at maturity.

Read More Read Less
‌
‌

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.