Fixed Deposit Loan

Purpose: To provide the loan against the Fixed deposit receipt.

Loan Limit:

-LAFD of the Bank up to 90% of value of FD

-LAFD of any other financial institution up to 80% of FD

Loan Tenure: Up to maturity of Fixed Deposit.

Repayment: EQI Basis




Rates & Fees:

Interest Rate: FD interest plus 2% or Base Rate plus 2% whichever is higher


Collateral/Security: Original Fixed Deposit Receipt