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About Loan Against Fixed Deposit

Loan Against Fixed Deposit (FD) of the Bank or any other financial institutions is extended to the clients.
  • Financing Amount: Up to 90 percent of the value of the deposit.
  • Tenure: Up to one year or up to maturity date of the FD, which may be continued further based on the requirement of the client and validity period of the FD.
  • Interest Rate: 2% p.a. above the rate of FD of the Bank
  • The loan may be revolving or terminating based on the requirement of the clients.