Karur Vysya Bank Loan Against FD

Karur Vysya Bank's loan against fixed deposit allows you to get a loan easily against your own fixed deposit that is held with the bank at interest rates that are lower than other types of loans, all without having to break your FD.

Features and Benefits of Karur Vysya Bank Loan Against Fixed Deposit

The features and benefits of the loan against FD are as given below:

• Avail up to 90% of your fixed deposit amount as a loan.
• The loan is disbursed instantly to your KVB bank account.
• The loan can be availed against any kind of fixed deposit held with the bank.

Interest Rates of Karur Vysya Bank Loan Against Fixed Deposit

• To know the interest rate for the loan against FD, please contact the bank.

How to Apply for Karur Vysya Bank Loan Against Fixed Deposit

To apply for Karur Vysya Bank loan against fixed deposit, all you have to do is visit the branch where you opened the KVB Fixed Deposit account and submit the original fixed deposit receipt.

Benefits of Karur Vysya Bank Loan against FD

A Karur Vysya Bank loan against FD has several benefits such as:

• The interest rates on loan against FD are usually lower than for other types of loans.
• The only documentation required is the FD deposit receipt.
• Maintain your FD account and continue to accrue interest on the balance amount.
• The disbursal is instant which is useful in case of emergencies.
• The loan can be repaid as a lump sum amount or in installments.

FAQs on Karur Vysya Bank Loan against FD

1. How to apply for a Karur Vysya Bank loan against fixed deposit?

   You can apply for the KVB loan against FD by visiting the branch where the FD was opened or by submitting an online inquiry on the bank's official website.

2. Can NRIs take Karur Vysya Bank loan against fixed deposit?

   Yes, Karur Vysya Bank's loan against fixed deposit is available for Non-Resident Indians also.

3. How much time do I have to repay my loan against FD with Karur Vysya Bank?

   The remaining tenure on your FD will be the maximum repayment tenure of your loan against the FD.