Introduction
When you invest in a bank fixed deposit, you can easily get a loan against it without having to break it.
- Interest Rate: Coupon Rate plus upto 2%
- Limit: As per FD amount
- LTV: 90% for Funded limit and 100% for non-Funded limit.
- Interest Payment Modality: Monthly or Quarterly (As per Interest Posting frequency of FD)
- Facility Types: Overdraft or Demand Loan
- Premature of FD: Premature shall be allowed only after settlement of loans and its dues.