Loan Against FD (Fixed Deposit) is a time-efficient way of getting a short-term loan from financial institutions.

Instead of breaking your FD prematurely, you can easily opt for a loan against FD from the bank you already have your fixed deposits.

It is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return.

The amount of the loan depends on the FD deposit amount. This can go up to 90% – 95% of the deposit amount.