Can I Get A Loan Against A Fixed Deposit?

1.	Can I Get A Loan Against A Fixed Deposit?
Answer» Yes, you can. Most banks offer a LOAN against FD. By USING the fixed deposit as a collateral for the loan you can get a loan at lower rates. The rates are usually PEGGED at a few percentage points higher than the fixed deposit. Usually banks advance up to 90% of the fixed deposit being HELD in a loan. Yes, you can. Most banks offer a loan against FD. By using the fixed deposit as a collateral for the loan you can get a loan at lower rates. The rates are usually pegged at a few percentage points higher than the fixed deposit. Usually banks advance up to 90% of the fixed deposit being held in a loan.

Answer»

Yes, you can. Most banks offer a LOAN against FD. By USING the fixed deposit as a collateral for the loan you can get a loan at lower rates. The rates are usually PEGGED at a few percentage points higher than the fixed deposit. Usually banks advance up to 90% of the fixed deposit being HELD in a loan.

Yes, you can. Most banks offer a loan against FD. By using the fixed deposit as a collateral for the loan you can get a loan at lower rates. The rates are usually pegged at a few percentage points higher than the fixed deposit. Usually banks advance up to 90% of the fixed deposit being held in a loan.

Discussion

No Comment Found

Related InterviewSolutions

How To Choose A Good Company Deposit Scheme?
Which Companies Can Accept Deposit?
Is Tds Applicable On Fds?
Are Bank Fixed Deposits (fds) Safe?
Does A High Interest Rate Offered On A Fixed Deposit Represent A Good Investment?
What Is Renewal Of Deposit For Fd?
Are Banks The Only Institution That Offers Fixed Deposit?
What Is A Fixed Deposit?
Is There Any Auto Renewal Facility Available On Fd?
When Is Tds Deducted On The Interest From Company Fixed Deposits?