{"id":6095,"date":"2023-09-07T01:05:14","date_gmt":"2023-09-06T19:35:14","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6095"},"modified":"2023-09-07T01:05:55","modified_gmt":"2023-09-06T19:35:55","slug":"loan-against-a-fixed-deposit","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/loan-against-a-fixed-deposit\/","title":{"rendered":"Loan Against a Fixed Deposit: Eligibility Criteria, Pros & Cons, and Interest Rates"},"content":{"rendered":"\n

A financial emergency or a cash crunch<\/a> situation can make you look for funding options like loans or other alternatives. Availing a loan against a fixed deposit (FD) rather than a personal loan is better because the loan amount of up to 90% of your FD amount can be availed, whereas, you can only avail up to Rs. 35 lakh from a personal loan. Moreover, the exciting interest rates make it more appealing to draw a loan against a fixed deposit. Apart from this, the loan tenure of a fixed deposit is till the FD matures, rather than a personal loan, which is only up to 5 yrs. <\/p>\n\n\n\n

So, instead of breaking your fixed deposit prematurely, get a loan against a fixed deposit. Without further ado, let\u2019s dive into the details of the process, loan limit, interest rates, advantages and disadvantages of availing this loan.<\/p>\n\n\n\n

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