Loan Against Fixed Deposits

Fixed deposits (FDs) are charming investment avenues that offer high-interest rates and assured returns. But did you know your interest-yielding and seemingly passive investment, i.e., your FD, can also assist you in obtaining a loan? Indeed, you can take a loan against an FD, which is a secure, quick, and easy way to meet immediate financial needs without impacting your savings or investments. However, it is essential to be well-versed with the process, eligibility, and necessary documents before applying for a loan against FD. Understanding Loan Against FD A loan against FD is fundamentally a secured loan. In this case,…