How to get an FD loan? What are the benefits of fixed deposit loan? All about FD Loan

FD (Fixed Deposit) Will be known to all of you. And if you don’t know much about it. You must have heard his name, though. If you have an FD (Fixed Deposit). You can also get your FD loan (fixed deposit loan) if needed. Sometimes it happens that we need more money. But in such a situation, if you break your FD (fixed deposit). So you lose instead of getting benefits. And if you want to take a loan somewhere. So a lot of processes have to be done.

But if you take your FD loan (fixed deposit loan). So your money problem is also solved. On the other hand, your FD (fixed deposit) is also maintained. How can you take a loan on FD? What do you have to do for that? And what will be the benefit of taking a fixed deposit loan? We are going to give you complete information on how to get a loan on FD par loan, FD loan on FD, fixed deposit loan kaise milta hai, FD loan, how to take loan from post office through this article. For this, you have to read this article till the last.

What is FD (Fixed Deposit)?

Friends, before getting information about taking an FD loan (fixed deposit loan), we should get a little bit of information about the fixed deposit.

Talk about fixed deposits, so when a person fixes a certain amount of money in a bank for a certain period of time. It is called FD (Fixed Deposit). Customers get a lot of benefits in fixed deposits. Fixed deposits fetch more interest than the common savings account. However, earlier interest up to 15% was provided on fixed deposits. But now it has come down to 7 to 10%.

Fixed deposits are almost available in all banks nowadays. Almost all banks in India include SBI, PNB, BOB, BOI, IDBI Bank, Canara Bank, ICICI Bank, Yes Bank etc. Through these banks, you can get fixed deposit loan from 7 days to 10 years.

Benefits of taking an FD loan (fixed deposit loan):

If you have made an FD (fixed deposit) in a bank. So you can get a loan on your fixed deposit. The advantages of getting a loan on fixed deposit are as follows:

Low rate of interest –

If you take your FD loan (fixed deposit loan). So you get a loan at a lower rate of interest than other types of personal loans. At the same time, to get a loan on a fixed deposit, you do not have to give anything as collateral to the bank. An FD of lakhs is kept as a security. So you have to pay very little interest on this. Talk about the interest rate, then usually the bank provides you with as much interest as you on your FD (fixed deposit). Provide you with a loan at an interest one or two percent more than that.

FD (Fixed Deposit) will remain –

Let’s say you need money. So you break your fixed deposit. It only hurts you. But if you take a loan on your fixed deposit. So this also keeps your fixed deposit. And your money problem is also solved.

The easy process –

FD Loan (Fixed Deposit Loan) के विपरीत यदि आप पर्सनल पर्सनल लोन प्राप्त करना चाहते हैं। तो आप को बहुत सी प्रक्रिया से गुजरना पड़ता है। लेकिन यदि आप FD पर लोन लेते हैं। तो वह आपको बहुत ही कम और आसान प्रक्रिया पर लोन प्राप्त हो जाता है। और पर्सनल लोन की उपेक्षा लोन प्राप्त करने में प्रोसेसिंग शुल्क भी बहुत कम लगता है। और इसकी मंजूरी भी बहुत जल्दी हो जाती है ।

The duration can be more or less –

If you take an FD loan (fixed deposit loan). So you can get a loan on a higher or higher term according to the duration of your FD. But if you take a personal loan. So its time frame is set by the banks.

Documents required to avail FD Loan (Fixed Deposit Loan):

To get a loan on a fixed deposit, you will need the following documents:

• Your Identity Card
• Aadhaar Card
• PAN Card
• Address Certificate
• Passport size photo
• FD Loan (Fixed Deposit Loan) and other documents related to the Bank
• and all the original documents together.

In how many days can an FD loan (fixed deposit loan) be obtained?

If you want to take a loan on a fixed deposit. So it depends on you. That’s how quickly you want to get a loan. Because on the fixed deposit you can get a loan very easily. If you want, you can get an FD loan (fixed deposit loan) in 1 day. Because you have your FD as a security in the bank. So, the banks have to do very little without even the paperwork. Therefore, a loan on fixed deposit is obtained very quickly.

How much loan can you get on fixed deposit?

Talking about getting an FD loan (fixed deposit loan), then normally you can get a loan of up to 70% of your FD. Suppose you have made your FD of one lakh rupees. So you can get a loan of up to ₹70000 on this FD of rs 1 lakh.

So guys, how do you get an FD loan? What are the benefits of fixed deposit loan? Information about getting an FD loan. And information about some of the benefits of getting a fixed deposit loan. If you like this information, don’t forget to share it with your friends. Also, if you want to give us any suggestions. Or if you have any questions, comment in the comment box below. Thank you..