A loan against FD is a kind of secured loan where the customers can pledge their FDs as a Safe and secured future that can be availed as a loan. The amount of the loan depends upon the principal amount of the FD. This can go up to 90% - 95% of the deposited amount.
Loan against FD
Purpose of the Loan
To Meet The emergency Financial Needs.
Minimum Annual Income- 3 Lakhs.
Max. the loan amount is Rs. ___Lakhs
For loans up to Rs. 1Cr.- 80% of the value of the respective property
For loans above Rs. 1 Cr.- 85% of the value of the respective property
A maximum repayment period of _ years.
Rate of Interest
Card Rates applicable (p.a.), Interest will be applied monthly basis on outstanding amount. EMI starts at Rs. _* per month & it is up to RS. ___* per month. Depending on your tenure.
Bank will ask for collateral security above the Loan Amount of Rs.___/-
0 % of the loan amount + GST.
Two guarantors of good means.
Address Proof (Passport / Aadhar Card /Driver’s Licence / Voters ID)
Income Proof - 3 Months' Salary Slips / 3 Year ITR
Bank Statements for last 6 months of main operational/salary bank account
Company ID Card / Shop Act
Light Bill Photo Copy
Passport Size Photograph
Photo, Photo ID, Residence proof, Income Proof