Easy Ways to Get Loan Against FD Without Breaking Savings
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A loan against fixed deposit is a secured loan where your FD acts as collateral. You do not break the deposit — you pledge it. The lender holds it as security and gives you a loan against its value. The FD continues to earn interest throughout. When your FD matures, the loan amount and interest are adjusted from the proceeds.
With Bajaj Finance, you can borrow up to 75% of the value of a cumulative FD and up to 60% of a non-cumulative one. So if you have a cumulative FD worth Rs. 5 lakh, you can get up to Rs. 3.75 lakh as a loan — and the remaining Rs. 5 lakh keeps earning its full interest.
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