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Loan Against Fixed Deposit Overview
A loan against fixed deposits can help you manage finances without breaking your FD. Now get a Loan against Fixed Deposit from Nitstone Finserv at low interest rates and speedy approval.
Benefits & Features
Why Choose a Loan Against Fixed Deposit with Nitstone Finserv?
A Loan against Fixed Deposit is a practical and low-risk borrowing option for individuals seeking liquidity without breaking their investment. Here’s what makes it a smart choice with Nitstone Finserv:
• Easy eligibility linked to your Fixed Deposit
• Simplified single-page documentation
• Available after 90 days from the FD’s start date, for the remaining tenure
• Fast and efficient loan processing
• Convenient and flexible repayment options
• No foreclosure or part-payment charges
Loan Amount
1) 75% of the FD amount for Cumulative FD 2) 60% of the FD amount for Non-Cumulative FD
Eligibility & Documents
Documents required:
- Single page application form
- Fixed deposit receipt
- ECS mandate (only for Non-Cumulative FD)
- Cancelled cheque (only for Non-Cumulative FD)
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to go to our online form. Fill in detail and submit the form.
Step 2
Get an instant approval. Select your required loan amount and tenure.
Step 3
Our representative will get in touch to collect your documents.
Step 4
Amount will be credited to your account.
Fees & Charges
Fees & Charges
| Types of fees | Charges applicable |
|---|---|
| Rate of interest | 2% above the existing FD rate |
| Prepayment and fore-closure charges | Nil |