Loan against HDFC Fixed Deposit 2025
Now you can fulfil a variety of tasks by taking a loan against your fixed deposit opened with HDFC Bank. The bank offers loan and overdraft against your Domestic, NRO, NRE and FCNR fixed deposits end with HDFC Bank. HDFC Fixed Deposits come with flexibility and security, and they assured returns on your investments.
Fixed deposits are financial instruments where in you can invest for a fixed tenure and get assured returns on your investments. They provide attractive returns compared to regular savings accounts.
Eligibility criteria for applying for Loan against HDFC Fixed Deposit
The eligibility criteria for applying for a loan against HDFC Fixed Deposit include:
- NRO fixed deposit holders can avail loan against FD.
- NRE and FCNR fixed deposits holders are also eligible.
Key features of Loan against HDFC Fixed Deposit
Listed below are the main feature of HDFC Loan against Fixed Deposit:
Loan Type | Overdraft |
Loan/overdraft amount | 70% of the deposit amount ( For FCNR accounts) 90% of the deposit amount( for NRE and NRO accounts) |
Rate of Interest | Competitive/attractive |
Margin | Minimum: 70 % of the deposit amount. Maximum: 90% of the deposit amount. |
Premature withdrawal | Allowed |
Benefits of Loan against HDFC Fixed Deposit
You can enjoy a host of benefits by availing a loan against your fixed deposit account opened with HDFC Bank. Mentioned below are the benefits:
- Get attractive rates of interest on your loan against fixed deposit.
- Enjoy higher financing. The bank offers up to 90% of your deposit value as loan/overdraft against fixed deposit.
- Premature withdrawal of deposit is allowed, provided there is an outstanding overdraft against your deposit.
- You can apply for a loan against your HDFC Bank Fixed Deposit online without undergoing the trouble of visiting the bank physically.
How to Apply for HDFC Loan Against Fixed Deposits
- Step 1: Go to the HDFC website: https://www.hdfcbank.com/personal/save/deposits/fixed-deposit
- Step 2: Click on 'Invest' and then on 'Deposits'.
- Step 3: Choose 'Fixed Deposit'.
- Step 4: Click on 'Loan against fixed deposit'.
- Step 5: Click on 'Apply now'.
- Step 6: Log into the portal and fill in the form and submit it.
Repayment Options for HDFC Loan Against Fixed Deposits
- You can repay with the interest only on the amount that you have drawn, while the remaining fixed deposit will earn you an interest.
- You get flexibility in altering the period of your deposit, payment instructions, maturity, and also rollover mode before the maturity of the deposit.
- You can also choose between a current account and or savings account for linking your fixed deposit.
- The cancellation of the facility against the fixed deposit is available through NetBanking.
You can make repayments via:
- UPI (Instant Mobile Money Transfer)
- NEFT
- RTGS
- IMPS
- Remittance (International Money Transfers)
- RemitNow (Foreign Outward Remittance)
- Visa CardPay
HDFC Loan against Fixed Deposit interest rate
The bank charges attractive rates of interest on its loan against fixed deposits. The HDFC FD interest rates charged by the bank on loans against fixed deposits are subject to change.
FAQs on HDFC Loan Against Fixed Deposits
- What is the maximum loan amount offered against fixed deposit by HDFC Bank?
The bank offers up to 90% of the total value of your deposit as loan.
- Does HDFC Bank accepts online application for loan against fixed deposit?
Yes, HDFC Bank accepts online application for loan against fixed deposits.
- If I have invested in an NRE deposit with HDFC, will I be able to get loan against my NRE deposit?
Yes, you would be able to receive loan against your NRE deposit.
- If I have an economic urgency, will HDFC Bank allow me withdraw my fixed deposit before maturity even when I have a loan against it?
Yes, the bank allows premature withdrawal of fixed deposits, provided there is an unpaid overdraft against your deposit.
- What is the margin of finance offered to FCNR deposit holders when they opt for a loan against HDFC Fixed deposit?
The margin of finance offered to FCNR Deposits holders is 70% of the deposit value.
- Can I get overdraft against my NRO deposit opened with HDFC Bank?
Yes, you can get overdraft against my NRO deposit opened with HDFC Bank.
- How much loan can I take on my fixed deposit?
You can get up to 90% of your fixed deposit as your loan amount.
- Is there a minimum amount I need to deposit?
Yes, you need to deposit a minimum of Rs.25,000 for tenure of 6 months and 1 day.
- Who can apply for a loan against fixed deposit?
- Resident Individuals
- Hindu Undivided families
- Private & Public limited companies
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.