Track your loan against fixed deposit in our customer portal
When you choose a Bajaj Finance Fixed Deposit, you can use your invested amount as collateral to get a loan. This facility is known as a loan against fixed deposit (LAFD). With this facility, you can get funds without taking a hit on your investment or opting for a premature withdrawal.
If you have an LAFD with us and want to check its details, download documents, or raise any query related to your loan account, you can visit our customer portal - My Account.
Sign-in to use these features on the go:
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Loan details
Track your loan status, outstanding amount, rate of interest, and more.
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Statement of account
Download the statement of account and other related documents in just a few clicks.
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Foreclose your loan
Raise a service request online or visit any of our branches to close your loan early.
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 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.
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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
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Check your LAFD details
Sign-in to our customer portal to view your loan against fixed deposit details.
How to apply for a loan against FD
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Apply for a loan against fixed deposit
If you have invested in our fixed deposit, you can use it as collateral and can apply for a loan against it. Visit our customer portal – My Account and follow these simple steps.
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A step-by-step guide to applying for a loan against fixed deposit
- Click on the ‘Sign-in’ button on this page.
- Enter your registered mobile number, date of birth, and submit the OTP.
- Choose your FD from ‘My Relations’ and then click on ‘Get a loan against FD’ within ‘Quick Actions’.
- Enter necessary details and check your registered bank account.
- Verify with the OTP and proceed with the loan agreement.
Alternatively, you can also click on ‘Apply for an LAFD’ below. You will be asked to sign-in, select your FD from ‘My Relations’ and click on ‘Get a loan against FD’ within ‘Quick Actions’ to proceed.
Please note that your registered bank account for loan disbursal will be same as your FD maturity bank account.
View your loan against fixed deposit details
When you take a loan against your fixed deposit, you receive a unique string of numbers known as the Loan Account Number (LAN). Your LAN helps you track and manage your loan details.
You can check details such as the outstanding amount, annualised rate of interest, and deposit ID by visiting our customer portal – My Account.
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Check details of your loan against fixed deposit
You can view your loan against fixed deposit details in just a few clicks.
- Visit our customer portal by clicking the ‘Sign-in’ button on this page.
- Enter your mobile number registered with us, date of birth, and submit the OTP to sign-in.
- Select your loan account from the ‘My Relations’ section.
- Find details such as the outstanding amount, rate of interest and more.
You can also click on the ‘Check your LAFD details’ option below to visit My Account. You will be asked to sign-in, then select your loan account from the ‘My Relations’ section and proceed to view your loan details. -
You can check your loan details by downloading your statement of account. Click on the respective link at the top of this page to know more.
Download your statement of account
Your statement of account is an important document that records all the transactions related to your loan against fixed deposit. You can download your statement of account and other related documents by visiting our customer portal – My Account.
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A step-by-step guide to downloading your statement of account
- Click on the ‘Sign-in’ button on this page to go to our customer portal.
- Enter your registered mobile number and the date of birth and submit the OTP.
- Select your loan account from the ‘Document Center’ section.
- Click on the ‘Statement of Account’ to download it.
Alternatively, you can download your statement of account by clicking on the below option. You will be asked to sign-in to My Account. Once signed-in, you can select loan account and proceed to download your account statement. -
You can also check your loan details such as outstanding loan amount, rate of interest and more. Click on the respective link on the top of this page to know more.
Foreclose your loan against fixed deposit
If you have surplus funds, you can foreclose your loan against fixed deposit without paying any additional charges. You can either visit any of our branches or raise a service request with us.
When you close a loan against fixed deposit, you have to pay the principal and applicable interest amount. Your interest amount is calculated from the date of disbursement to the date of foreclosure. Once your loan is closed, you can continue enjoying the benefits of your fixed deposit.
Please note that when you opt for a loan against fixed deposit, you have to pay 2% p.a. higher interest rate than your FD rate.
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Raise a request to foreclose your loan
Visit our customer portal – My Account and follow these simple steps to raise a request.
- Click on the ‘Sign-in’ button at the top of this page to go to My Account.
- Enter your registered mobile number and, the date of birth and submit the OTP.
- Select ‘Deposit’ as your product type to proceed with your foreclosure request.
- Choose ‘Loan Against Fixed Deposit’ as your Query Type and ‘Close my loan’ as the ‘Sub-query Type’.
- Upload supporting documents if needed and proceed to submit the request.
Alternatively, you can click on the ‘Foreclose your LAFD’ option below to sign-in to My Account. Once signed-in, select your product and relevant ‘Query Type’ and ‘Sub-query Type’ and proceed to submit the request.Once you raise a request to foreclose your loan, our representative will reach out to you within 48 business hours and guide you on further steps.
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You can check your loan details or download your statement by visiting our customer portal – My Account. Click on the respective link at the top of this page to know more.
Frequently asked questions
The interest rate on your loan against fixed deposit is 2% p.a. higher than the FD interest rate.
For example, if you have opened an FD of Rs. 1 lakh for 12 months at an interest rate of 7% p.a., then the rate of interest on your loan against fixed deposit would be 9% p.a.
Apply for a loan against fixed deposit
Once you complete your loan application, you will receive funds in your registered bank account within 24 business hours. However, you can apply for a loan against your fixed deposit only once your deposit completes three months lock-in period.
When you choose to take a loan against your fixed deposit, your repayment tenure can last until the FD maturity date. For example, suppose you have opened an FD with us for a tenure of 12 months, but you have applied for a loan against it in its fourth month. In this case, you will get a loan against fixed deposit for a tenure of eight months.
However, you can foreclose your loan against fixed deposit anytime after loan disbursal.
If you plan to withdraw your FD while your loan against fixed deposit is active, we will first adjust your outstanding loan amount along with the interest against your fixed deposit maturity amount. After that, you will receive the balance amount in your registered bank account. However, for this process you have to visit our branch near to your location.
You can download your No Dues Certificate for your loan against fixed deposit by following these simple steps:
- Click on the ‘Download your NDC’ option below to visit our customer portal – My Account.
- Enter your registered mobile number and date of birth and submit the OTP to sign-in.
- Select your loan account from the ‘Document Center’ section.
- Find all your documents and click on ‘No Dues Certificate’ to download it.
