Deutsche Bank Loan Against Fixed Deposit

You can avail a loan against the fixed deposit opened with Deutsche Bank. The loan can be availed as overdraft against the term deposit held in the name of any of your family members. The benefit of taking a loan against FD is that the term deposit will continue and you can earn interest against it. The tenure of the FD should be between 7 days and 1 year. The interest charged on availing a loan against the FD will be 2% above the term deposit rate.

Features of Deutsche Bank Loan against FD

The features of availing an overdraft against an FD opened with Deutsche Bank are:

• Low-interest rates
• Can avail up to 95 percent of the FD amount
• Can avail immediate line of credit against the FD
• Interest is charged only on the utilized amount
• You can apply for it online, by sending an SMS or by calling the toll-free number

Fees and Charges

Listed below are the schedule of charges for availing an overdraft against the term deposit

FAQs on Deutsche Bank Loan against Fixed Deposit

1. What is the minimum overdraft amount?

   The minimum overdraft amount is Rs.25,000.

2. What is the current interest rate for availing a loan against the fixed deposit?

   The current interest rate which is charged ranges between 3.80% and 5.85% p.a.

3. To apply for overdraft against the term deposit through SMS, what do I need to do?

   You need to send an SMS to 561615 after typing ‘OD’.

4. Can NRIs avail this facility?

   Yes, NRIs can avail this facility.

5. Is there an alternate number where I can call in order to open an overdraft against the FD?

   In addition to 18602666601, customers in Mumbai can call on 022 – 66016601.