Apply for a Loan Against Fixed Deposit

Visit our service portal to apply for a loan against fixed deposit.

  • Check your LAFD details

    Sign-in to our service portal to view your loan against fixed deposit details.

Frequently asked questions

What is Loan Against Fixed Deposit (LAFD) by Bajaj Finance?

A loan against fixed deposit (LAFD) is a kind of secured loan where you can pledge your fixed deposit as security and get a loan in return. The loan amount then gets credited to your registered bank account.

What is the rate of interest for a loan against my fixed deposit?

The interest rate for Bajaj Finance Loan Against Fixed Deposit (LAFD) is 2% higher than your fixed deposit rate of interest (ROI).

For example, if you have an FD of Rs. 1 lakh for 12 months at an ROI of 7% p.a., then the ROI for a loan against fixed deposit will be 9% p.a..

However, the tenure for your loan will be the remaining period till maturity of your fixed deposit.

What maximum loan amount that I can get against my Bajaj Finance Fixed Deposit?

The maximum loan amount you can get against your fixed deposit is as follows:

- Loan of up to 75% of your fixed deposit amount for a cumulative fixed deposit

- Loan of up to 60% of your fixed deposit amount for a non-cumulative fixed deposit

When can I expect the disbursal of loan amount against my fixed deposit to be credited in my registered bank account?

The loan amount against fixed deposit will be credited to your registered bank account in 1 business day from the date of receiving request.

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