Money won’t grow in your mattress.
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    Loan against FD Canara Bank  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.2% - 7.4% Compound yearly
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.9% Compound yearly
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Loan against FD Canara Bank is Rated as "Excellent!" by 34 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Opening a fixed deposit with Canara Bank has never been so beneficial. Now customers can take a loan against the fixed deposit account opened with Canara Bank. Fixed deposits come with assured investment returns with attractive interest rates, as compared to regular savings account. When it comes to fixed deposits offered by different banks, Canara Bank’s term deposit is ideal.

    Eligibility criteria for applying for Loan against Canara Bank Fixed Deposit

    The eligibility criteria for applying for a loan against the fixed deposit offered by Canara Bank, include:

    • Must be a citizen of India

    Key Features of Loan against Canara Bank Fixed Deposit

    Listed below are the main feature of HDFC Loan against Fixed Deposit:

    Loan Type Overdraft
    Loan/overdraft amount

    Minimum – Rs. 1000

    Maximum – No ceiling

    Rate of Interest Competitive/attractive
    Period of Deposit

    Minimum: 15 days (7 days in case of deposit of

    Rs 5 lakh and above.

    Maximum: 120 months.

    Premature withdrawal Allowed.
    Facility for Nomination Available

    Benefits of Loan against Canara Bank Fixed Deposit

    There are a number of benefits of taking a loan against your Canara Bank Fixed Deposit. Here are a few of the perks:

    • The customer can earn attractive interest rates on the loan availed against fixed deposit.
    • The customer can opt for monthly, quarterly, half-yearly or annual interval payments, according to his choice.
    • Premature withdrawal of deposit can be done, provided there is an outstanding overdraft against the deposit.
    • Loans can be applied online

    Loan against Canara Bank Fixed Deposit interest rates

    The bank offers attractive rates of interest on its loan against fixed deposits. The interest rates charged by the bank on loans against fixed deposits are subject to change, as per the bank’s discretion.

    Loan against Canara Bank Fixed Deposit FAQs

    1. Does Canara Bank accepts online application for loan against fixed deposit?

      Yes, Canara Bank accepts online application for loan against fixed deposits.

    2. What is the maximum loan amount offered against fixed deposit by Canara Bank?

      The bank offers up to 90% of the total value of your deposit as loan.

    3. Can i withdraw the fixed deposit prematurely in case of an economic emergency?

      Yes, the bank allows premature withdrawal of fixed deposits, provided there is an unpaid overdraft against your deposit.

    4. Will there be interest applicable on the remaining deposit?

      Canara Bank allows part withdrawal of deposits in multiples of Rs. 1000. The rest of deposit that remains with the bank earns a contracted rate of interest.

    5. What duration does Canara Bank follow while paying interest on loan against fixed deposit?

      The interest is paid on a monthly, quarterly, half-yearly, or annual basis. The depositor can choose when he wants to get the interest.

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  • Loan against FD Canara Bank Reviews

    • Canara Bank Fixed Deposit
      "Good"
      0.5 2.5/5 "Just OK"
      I am having the fixed deposit account with the Canara bank and the rate of interest is around 8.5%, which was very lesser one on that time. Total tenure is around three years of time, also the penalty charges are not really huge. Customer service is not really up to the mark.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • Canara Bank Fixed Deposit
      "For common man"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the Canara bank and am using it from the last ten years of time. Customer service aspects are good one with them and the online banking services are not really working in a good according the new generation bankers. The interest rate is around 7.25% as of now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2017
    • Canara Bank Fixed Deposit
      "The worst bank service in my experience.. "
      0.5 0.5/5 "Unacceptable"
      It is the worst bank ever in my personal experience. From opening a bank account, to drawing money by cheque, to request for a duplicate copy of the FD receipt. One of the most lethargic and uninterested executives ever. They portray a sort of disgusting attitude while dealing with customers, specifically the branch in hebbal and vasanthnagar, Bangalore.
      Was this review helpful? 6
      , bangalore
      Reviewed on Dec 07, 2016
    • Canara Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      The rates are very competitive with Canara bank. I maintain a fixed deposit account with them. The services are good. It was not a task to get this account. There are no charges taken too. Overall the services and response at the bank for these queries are supportive and helpful.
      Was this review helpful? 8
      , new delhi
      Reviewed on Sep 06, 2016
    • Canara Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Not to a big deal, to open a Fixed deposit with Canara bank. It was quite easy and fast. The services offered by them was really good. The rate of interest is satisfactory too. They do not charge any charges for my account and it was a good experience.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 01, 2016
    • Canara Bank Fixed Deposit
      "Customer service needs to improve"
      0.5 1.5/5 "Bad"
      I have a Fixed Deposit scheme with Canara bank which offers 7-8%. I have been using this for about 5-6 years by reinvesting in the same scheme after maturity. However their response and delayed way of working has made me change my mind. The executives are not responsive and I may not continue it after this scheme matures.
      Was this review helpful? 3
      , coimbatore
      Reviewed on May 04, 2016
    • Canara Bank Fixed Deposit
      "Excellent rates"
      0.5 5.0/5 "Blown Away!"
      Interest rate offered by Canara bank was 9.5% for the FD. Cumulative interest rate option is there and I have invested the amount through the bank . I personally went to the bank and opted myself for the same. I have just visit the Branch to fill the form for the liquidation. Partial liquidation option is available there.
      Was this review helpful? 10
      , aurangabad
      Reviewed on Apr 15, 2016
    • Canara Bank Fixed Deposit
      "Good "
      0.5 4.0/5 "Great!"
      I have the fixed deposit account with the Canara bank and the interest rate is good for me. The money will be compounded quarterly, so the returns will be good. The response in the branch is a nice one with the Canara bank.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 18, 2016
    • Canara Bank Fixed Deposit
      "Very good"
      0.5 4.0/5 "Great!"
      Canara bank is offering 9% interest rate for the fixed deposit for the minimum lock in period of on year. There is no activation charges. The minimum amount to start is Rs.5000.There is no penalty in case we withdraw the money in between the lock in period. I visited the bank for the process and the FD got activated in 2 days.
      Was this review helpful? 13
      , mumbai
      Reviewed on Feb 27, 2016
    • Canara Bank Fixed Deposit
      "Very good bank it is..."
      0.5 5.0/5 "Blown Away!"
      I always keep renewing the fixed deposit and I am doing this for several years. Interest rate depending as on the central government rule. Initially it was less and now it is like 9.25%. Canara bank is very good as using that for 20 years. All my family members are dealing with Canara bank.
      Was this review helpful? 12
      , mumbai
      Reviewed on Feb 05, 2016
    • Canara Bank Fixed Deposit
      "Savings in Money"
      0.5 5.0/5 "Blown Away!"
      I would suggest you to go for Canara Bank because first of all it is Public bank which is good for customer. Public Sector Banks are much better than Private Sector Banks as government having control on it and there are less chances of fraud happening internally within the bank. Canara Bank provides us interest on Fixed Deposit at nominal rate of interest which is beneficial for customer as compared to given by Private Sector Banks. Investing and borrowing from such Public sector banks would create opportunity of great savings of customer interest in terms of money.
      Was this review helpful? 8
      , mumbai
      Reviewed on Nov 29, 2015
    • Canara Bank Fixed Deposit
      "Its nominal"
      0.5 5.0/5 "Blown Away!"
      I am holding this Canara Bank fixed deposit for a period of 12 years. Interest rate offered by them was good.They have provided the best interest rate and they have asked for pan card number and this was opened through the branch and they took around 3 days of time to complete this process.
      Was this review helpful? 8
      , chennai
      Reviewed on Oct 19, 2015
    • Canara Bank Fixed Deposit
      "Not comfortable to access..."
      0.5 4.0/5 "Great!"
      Canara bank is good and the interest rate on fixed deposit is par with the private banks. Concern is that to create the deposit I need to go the branch and to break the plan, need to visit the branch. For working people really it wonâ??t be comfortable. Canara bank need to improve their technology. They mentioning that they have online portal but I never tried of it.
      Was this review helpful? 4
      , bangalore
      Reviewed on Sep 24, 2015
    • Canara Bank Fixed Deposit
      "Wonderful"
      0.5 4.5/5 "Excellent!"
      I am having the fixed deposit with the Canara bank. The rate of interest is around 9% and the minimum lock in period is around 1 year of time. Customer service is good and the manager is assisting me very nicely. Net banking is good with them and I am happy with them.
      Was this review helpful? 7
      , bangalore
      Reviewed on Sep 19, 2015
    • Canara Bank Fixed Deposit
      "Good profit "
      0.5 4.0/5 "Great!"
      I hold an Fixed Deposit account with CANARA BANK for a quite long time. They have offered me 9% interest rate which is nominal with other banks. They are very customer friendly when compared with other banks. Over all it was good experience to me.
      Was this review helpful? 4
      , bangalore
      Reviewed on Sep 07, 2015
    • Canara Bank Fixed Deposit
      "Better "
      0.5 4.0/5 "Great!"
      I had the experience of the fixed deposit with the canara bank. The rate of interest 8.5% for the minimum lockin period of 3 years. The services are good with them like they dint have the online banking facilities on that time. I would say its the kind of service which meant to be good.
      Was this review helpful? 6
      , jaipur
      Reviewed on Aug 25, 2015
    • Canara Bank Fixed Deposit
      "Good one"
      0.5 5.0/5 "Blown Away!"
      Canara Bank fixed deposit is fine, I have been holding this deposit for quite some time now. This was taken for a period of 6 years. I am getting tax benefit on this deposit. For opening this deposit. I have provided my pan card and id proof. They took around 3 to 4 days of time to open this FD.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 13, 2015
    • Canara Bank Fixed Deposit
      "Wonderful"
      0.5 4.5/5 "Excellent!"
      I had the experience of the fixed deposit with the canara bank.The rate of interest is 9% per year.The locking period is around one year.I felt happy with their service.They provided me with the customer service, and its the good banking service.
      Was this review helpful? 14
      , mumbai
      Reviewed on Jun 18, 2015
    • Canara Bank Fixed Deposit
      "Good !!!"
      0.5 4.0/5 "Great!"
      No specific reason to choose Canara bank for fixed deposit and the benefits are same here like other banks. Interest rate is 8.25% but Canara bank has flexibility of tenure starting from five days to n number of years. I did not open the deposit via online instead visited bank directly and the employees were proactive in helping. No much interaction with Canara bank so did not know how they would respond the customers.
      Was this review helpful? 12
      , bangalore
      Reviewed on Mar 27, 2015
    • Canara Bank Fixed Deposit
      "Can do better!!!"
      0.5 4.0/5 "Great!"
      By visiting the branch of Canara bank I opened the Fixed deposit. I got this FD for tenure of 5 years with the interest of 8.5% but not sure whether it is compounding rate or simple rate. Employees of Canara bank are not much responsive but they are fine so I suggesting them to take ownership and they have to give efficient service.
      Was this review helpful? 17
      , chennai
      Reviewed on Feb 23, 2015
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