Know your Loan Against Fixed Deposit features and benefits

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 have opted for a cumulative FD, you will get a loan of up to 75% of your principal amount. In 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 do not need to pay any EMIs. Your loan amount, along with the interest, gets adjusted against the FD amount at the time of FD maturity.

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  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 any time before FD maturity by raising a request or visiting any of our branches.
    
    

  Manage your LAFD features
  

You can check your loan against fixed deposit details by visiting our customer portal – My Account. Click on the respective link at the top of this page to know more.

*Terms and conditions apply