Finance Against Fixed Deposit

Finance against fixed deposit, also known as an FD loan, is a secured loan offered by banks and financial institutions where you can borrow money by pledging your existing fixed deposit as security. It provides quick access to funds without the need to prematurely withdraw your FD, ensuring continued interest earnings. The loan amount is usually a percentage (up to 80-90%) of the FD value and comes with lower interest rates since it’s secured. This facility is ideal for meeting short-term financial needs while maintaining your investment.