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Loan Against Fixed Deposits.

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  • Loan Against Fixed Deposits.

A loan against fixed deposits (FDs) is a type of loan where a lender provides financial assistance to the borrower against the security of their fixed deposit. This means the lender holds the fixed deposit as collateral until the loan is fully repaid.

Documents required for a loan against fixed deposits:

  • Fixed deposit certificate
  • Identity proof (Aadhaar card, passport, driving license)
  • Address proof (utility bills, rent agreement)
  • Other documents as required by the lender.

Eligibility criteria: To be eligible for a loan against fixed property, you generally need to be a salaried or self-employed individual with a regular income, have a good credit score, and meet the age requirements set by the lender.