Federal Bank Loan Against FD 2025

Interest Rates of Federal Bank Loan Against Fixed Deposit

You can take a loan against your own deposit or a loan against a third-party deposit. The interest rates are as given below:

How to Apply for Federal Bank Loan Against Fixed Deposit

1. To apply for Federal Bank loan against fixed deposit, all you have to do is visit the branch where you opened the Federal Bank FD account.
2. If you want to take the loan from another branch, you will have to furnish the required documents, such as the fixed deposit certificate or receipt which was given to you at the time of opening the account.

Benefits of Federal Bank Loan against FD

A Federal Bank loan against FD has several benefits such as:

1. You can avail a loan at interest rates that may be lower than other kinds of loans.
2. The loan disbursal is quicker than for other kinds of loans.
3. There is minimal documentation required.
4. Your FD account is not broken but will continue to earn interest on the balance amount in the account.
5. You can repay the loan either in installments or as a lumpsum amount.