Apply for a loan against your FD

If there’s any financial emergency, instead of withdrawing your FD before its maturity, you can use it as collateral to get a loan. This facility ensures that you get funds at a low-interest rate and don’t lose on your fixed deposit.

The loan amount depends on your fixed deposit amount, while the repayment tenure can last until the FD maturity date. However, you can apply for a loan against fixed deposit, once your deposit completes three months lock-in period. You can apply online for a loan against your fixed deposit by visiting our customer portal – My Account.

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  A step-by-step guide to applying for a loan against FD

  • Click on the ‘Sign-in’ button on this page to visit our customer portal.
  • Enter your registered mobile number and submit the OTP to sign-in.
  • Verify your details by sharing your date of birth and proceed.
  • Select your FD from ‘My Relations’ against which you want to apply for a loan.
  • Click on the ‘Loan against FD’ option in the ‘Quick Actions’ section.
  • Enter the required details and review your bank account details.
  • Verify your details with the OTP sent to your registered mobile number and proceed with the loan agreement and bank details confirmation.

  
  You can also directly visit our customer portal by clicking on ‘Apply for a loan against FD’ below. Once signed-in, you’ll be redirected to the ‘My Relations’ section. You can then select your FD, click on ‘Loan against FD’ within ‘Quick Actions’, enter the required details, and proceed.
  

  Once you complete the application process, you’ll receive the funds within 24 business hours. In case your FD has a joint account holder, they’ll also receive the OTP for verification.
  

  Apply for a loan against FD

You can apply for a LAFD of up to 75% for a cumulative deposit. In case you have a non-cumulative deposit, you can get a loan of up to 60% of your deposit amount.