About Loan Against Fixed Deposit
Loanpao’s Loan Against Fixed Deposit in Delhi, India, allows you to borrow against your fixed deposit without breaking it. Use your FD as collateral to access funds for personal or business needs, with low interest rates and quick disbursal, while your FD continues to earn interest.
Why Choose Our Loan Against Fixed Deposit?
- Interest Rates: 1%-2% above FD rate (6%-9% p.a.)
- Loan Amount: Up to 90% of FD value (₹25,000-₹5,00,00,000)
- Tenure: 3 months to FD maturity (max 60 months)
- Disbursal within 24 hours
- No credit check or income proof required
- FD continues earning interest
- Minimal documentation
- Flexible repayment: Bullet or EMI options
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant Type | Individuals, HUFs, firms with active FD |
| FD Ownership | FD with Loanpao’s partner banks |
| FD Tenure | Minimum 3 months remaining |
| Age | 18-75 years |
What Documents Do You Need?
- KYC: Aadhaar, PAN, passport, or voter ID
- FD Receipt or Certificate
- Loan Application Form
- Address Proof: Utility bill or rental agreement
- Passport-size photographs
Competitive Interest Rates & Fees
| Bank/Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| HDFC Bank | FD rate + 1.5% (6.5%-8.0%) | 0.5% or ₹1,000 |
| ICICI Bank | FD rate + 1.0% (6.0%-7.5%) | 0.5% or ₹1,500 |
| SBI | FD rate + 1.0% (6.0%-7.5%) | 0.5% or ₹1,000 |
| Axis Bank | FD rate + 1.5% (6.5%-8.0%) | 0.5% or ₹1,200 |
| Kotak Mahindra | FD rate + 2.0% (7.0%-8.5%) | 0.5% or ₹1,500 |
Extra Charges:
- Late Payment Charges: ₹500 + 2% on overdue amount
- Foreclosure Charges: Nil
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of May 2025 and subject to change.
Calculate Your EMI
Enter values and click Calculate EMI to see results.
How to Apply for a Loan Against Fixed Deposit
- Complete the online application with FD details.
- Submit KYC documents and FD receipt/certificate.
- Undergo verification of FD ownership.
- Sign the loan agreement and lien marking form.
- Receive funds in your account within 24 hours.
Common Questions About Loan Against Fixed Deposit
What is a Loan Against Fixed Deposit?
A loan where your fixed deposit acts as collateral, allowing you to borrow without breaking the FD.
Who can apply?
Individuals, HUFs, or firms with an active FD at partner banks, aged 18-75.
What is the maximum loan amount?
Up to 90% of the FD value, from ₹25,000 to ₹5,00,00,000.
How long does disbursal take?
Within 24 hours after verification.
Does it affect my FD’s interest?
No, your FD continues to earn interest as per the original terms.
Can I prepay the loan?
Yes, with no foreclosure charges.
What is the repayment tenure?
From 3 months up to the FD’s maturity, max 60 months.
Are there special offers?
Apply by 31st May for waived processing fees on loans above ₹10,00,000.
What can the funds be used for?
Personal or business needs, like emergencies, investments, or expenses.
What happens if I default?
The bank may liquidate the FD to recover the loan, after due notice.