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    Loan against fixed deposit HDFC

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    3.50% - 8% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    7 Days to 10 Years
    7.25% - 7.50% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Fixed Deposit BYTES FROM OUR KITCHEN

    Now you can fulfil a variety of tasks by taking a loan against your fixed deposit opened with HDFC Bank. The bank offers loan and overdraft against your Domestic, NRO, NRE and FCNR fixed deposits end with HDFC Bank. HDFC Fixed Deposits come with flexibility and security, and they assured returns on your investments. Fixed deposits are financial instruments where in you can invest for a fixed tenure and get assured returns on your investments. They provide attractive returns compared to regular savings accounts.

    Eligibility criteria for applying for Loan against HDFC Fixed Deposit

    The eligibility criteria for applying for a loan against HDFC Fixed Deposit include:

    • NRO deposit holders can avail loan against FD.
    • NRE and FCNR fixed deposits holders are also eligible.

    Key features of Loan against HDFC Fixed Deposit

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

    Loan Type Overdraft
    Loan/overdraft amount

    70% of the deposit amount ( For FCNR accounts)

    90% of the deposit amount( for NRE and NRO accounts)

    Rate of Interest Competitive/attractive
    Margin

    Minimum: 70 % of the deposit amount.

    Maximum: 90% of the deposit amount.

    Premature withdrawal Allowed.

    Benefits of Loan against HDFC Fixed Deposit

    You can enjoy a host of benefits by availing a loan against your fixed deposit account opened with HDFC Bank. Mentioned below are the benefits:

    • Get attractive rates of interest on your loan against fixed deposit.
    • Enjoy higher financing. The bank offers up to 90% of your deposit value as loan/overdraft against fixed deposit.
    • Premature withdrawal of deposit is allowed, provided there is an outstanding overdraft against your deposit.
    • You can apply for a loan against your HDFC Bank Fixed Deposit online without undergoing the trouble of visiting the bank physically.

    HDFC Loan against Fixed Deposit interest rate

    The bank charges 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.

    Loan against HDFC Fixed Deposit FAQs

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

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

    2. If I have invested in an NRE deposit with HDFC, will I be able to get loan against my NRE deposit?

      Yes, you would be able to receive loan against your NRE deposit.

    3. What is the maximum loan amount offered against fixed deposit by HDFC Bank?

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

    4. If I have an economic urgency, will HDFC Bank allow me withdraw my fixed deposit before maturity even when I have a loan against it?

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

    5. What is the margin of finance offered to FCNR deposit holders when they opt for a loan against HDFC Fixed deposit?

      The margin of finance offered to FCNR Deposits holders is 70% of the deposit value.

    6. Can I get overdraft against my NRO deposit opened with HDFC Bank?

      Yes, you can get overdraft against my NRO deposit opened with HDFC Bank.

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