A loan on fixed deposit can help you access funds without prematurely withdrawing your investment. Instead of breaking your FD, you can use it as security for the loan and meet personal, business, or emergency financial requirements. This can provide liquidity while allowing your fixed deposit to continue as per its terms. Bajaj Finance offers loans against eligible fixed deposits, subject to applicable criteria.
Key Benefits of Loan on Fixed Deposit
Access funds without prematurely withdrawing your FD.
Loan available against eligible fixed deposits.
Flexible tenure options based on the FD tenure.
No foreclosure charges as per applicable terms.
Convenient online application for eligible customers.
A loan against fixed deposit can be a useful option when you need funds but do not want to disturb your savings. Eligible customers may be able to borrow up to a specified percentage of their FD value, depending on the type of deposit. Understanding the loan amount, interest rate, eligibility, and repayment terms can help you make an informed decision.
If you are planning to apply for a loan on fixed deposit, proper financial planning can help you manage your borrowing effectively. Visit Bajaj Finance T&C apply to explore financing options and take the next step towards meeting your financial requirements.
