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.
The eligibility criteria for applying for a loan against HDFC Fixed Deposit include:
Listed below are the main feature of HDFC Loan against Fixed Deposit:
70% of the deposit amount ( For FCNR accounts)
90% of the deposit amount( for NRE and NRO accounts)
|Rate of Interest||Competitive/attractive|
Minimum: 70 % of the deposit amount.
Maximum: 90% of the deposit amount.
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:
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.
Yes, HDFC Bank accepts online application for loan against fixed deposits.
Yes, you would be able to receive loan against your NRE deposit.
The bank offers up to 90% of the total value of your deposit as loan.
Yes, the bank allows premature withdrawal of fixed deposits, provided there is an unpaid overdraft against your deposit.
The margin of finance offered to FCNR Deposits holders is 70% of the deposit value.
Yes, you can get overdraft against my NRO deposit opened with HDFC Bank.