Loan Against Fixed Deposit Overview
LoanPao’s Loan Against Fixed Deposit (LAFD) in India allows individuals and businesses to borrow up to 90% of their fixed deposit (FD) value at low interest rates of 7%–10% p.a., typically 1%–2% above the FD rate. This secured loan requires no credit score check, offers instant approvals, and lets you keep your FD intact while accessing funds for personal or business needs. With LoanPao’s network of 500+ RBI-compliant lenders, get funds within 24 hours via a fully digital process.
About LoanPao’s Loan Against Fixed Deposit
LoanPao is India’s trusted platform for Loan Against Fixed Deposit. We connect you with top banks and NBFCs to provide the lowest rates, zero paperwork and fastest approval without breaking your FD.
Key Features
High Loan Amount
Up to 90% of your FD value for maximum liquidity.
Low Interest Rates
Rates from 7% p.a., 1%–2% above FD rate.
Instant Approval
Funds disbursed within 24 hours with digital process.
No Credit Check
No impact on your CIBIL score, easy eligibility.
Digital Process
Online application with e-KYC, no paperwork hassle.
FD Continues Earning
Your FD earns interest during the loan tenure.
Market Insights
Loan Against Fixed Deposit is one of the most popular secured loan options in India. People prefer it because they get instant cash without losing FD interest or affecting their credit score. Demand continues to grow every year.
Customer Testimonials
“Got ₹8 lakh against my FD in just 18 hours. Best decision ever!”
— Rajesh Sharma, Delhi“Lowest rates and super fast process. Highly recommended!”
— Priya Mehta, Mumbai“FD still earning interest and I got the money instantly. Thank you LoanPao!”
— Amit Patel, GurgaonEligibility Criteria for Loan Against Fixed Deposit
Loan against fixed deposit eligibility is simple with LoanPao. Applicants must meet these criteria:
| Criteria | Details |
|---|---|
| Applicant Type | Individuals, HUFs, or businesses |
| FD Requirement | Active FD with a bank or NBFC |
| Loan Amount | Up to 90% of FD value (₹25,000–no upper limit) |
| Age | 18+ years |
| CIBIL Score | Not required |
| FD Tenure | Loan tenure cannot exceed FD maturity |
| Residency | Indian citizen or resident |
Documents Required for Loan Against Fixed Deposit
Minimal documents needed for apply loan against FD online:
- KYC: Aadhaar, PAN, voter ID
- FD Proof: FD receipt or certificate
- Bank Account Details: Linked to the FD
- Application Form: Signed lien marking request
- Income Proof: Optional for higher amounts
How to Apply for Loan Against Fixed Deposit
Apply with LoanPao in easy steps for quick approval:
- Fill the form below with personal and FD details.
- Upload KYC and FD documents via e-KYC.
- Get instant approval and funds within 24 hours.
- Sign digital lien agreement.
Compare Loan Against Fixed Deposit Providers
LoanPao compares top lenders for best loan against FD interest rates:
| Provider | Interest Rate (p.a.) | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 7%–8.5% | Up to 90% of FD | Up to FD maturity | Nil–0.5% + GST |
| HDFC Bank | 7.5%–9% | Up to 85% of FD | Up to 5 years | 0.25–0.5% + GST |
| ICICI Bank | 8%–10% | Up to 90% of FD | Up to 3 years | 0.5–1% + GST |
| Axis Bank | 7.25%–9.5% | Up to 85% of FD | Up to FD maturity | Up to 0.5% + GST |
Note: Rates and terms are indicative. Contact LoanPao for updated offers.
Uses of Loan Against Fixed Deposit
LAFD funds can be used flexibly for:
- Emergency Expenses: Medical or personal emergencies.
- Business Needs: Working capital or small-scale expansion.
- Education: Fund higher studies or courses.
- Debt Consolidation: Clear high-interest debts.
- Personal Goals: Weddings, travel, or home renovation.
- Investment: Short-term opportunities without breaking FD.
Why Choose LoanPao for Loan Against Fixed Deposit?
Wide Lender Network
Compare offers from 500+ RBI-compliant lenders.
EMI Calculator
Use our EMI calculator to plan repayments.
24/7 Support
Contact us at +91-999-163-4766 or info@loanpao.in.
Secure Process
End-to-end encryption and RBI compliance.
Fast Disbursal
Funds in 24 hours without breaking FD.
Transparent Terms
No hidden fees, clear markup over FD rate.
Tips for a Successful LAFD Application
- Ensure your FD is active and lien-eligible with the lender.
- Verify FD details with the bank before applying to avoid delays.
- Choose a tenure within the FD maturity period for flexibility.
- Compare lender offers for the lowest markup over FD rate.
- Use our EMI Calculator to align repayments with your budget.
- Opt for overdraft facility if you need flexible drawdowns.