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    Loan against FD SBI

    Loan against FD SBI  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5.5% - 7.4% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.25% - 6.9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    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 SBI is Rated as "Excellent!" by 382 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    The State Bank of India- one of the leading public sector back in India offers loans against its fixed deposit or term deposit accounts. You can accomplish a variety of personal tasks by taking a loan against your SBI Fixed Deposit. You don't have to break your fixed deposit to avail a loan.

    Eligibility Criteria for applying for Loan against SBI Fixed Deposit

    The eligibility criteria for applying for applying for a loan against your SBI Fixed Deposit are-

    • Existing customers having SBI’s TDR/STDR / RD account avail loan against SBI FD.
    • Customers having NRE/NRO/RFC and FCNR (B) deposits can also apply.
    • Single and joint account holders- both can apply for loan against SBI Fixed Deposits.

    Key Features of Loan against SBI Fixed Deposit

    Mentioned below are the key features of SBI Loan against Fixed Deposits:

    Loan Type Both demand loan and overdraft loans are available against FD.
    Loan/overdraft amount

    Minimum : Rs 25000

    Maximum: Rs 5 Crore

    Rate of Interest Lower and attractive rates of interest.
    Margin Up to 90% of your time/fixed deposit value.
    Security Lien on fixed/time deposit.
    Repayment period

    Minimum :3 years against TDR/e-TD

    Maximum: 5 years against STDR/e-STDR deposits

    Processing fees Nil

    Benefits of Loan against SBI Fixed Deposit

    Listed below are the major benefits of availing a loan against SBI Fixed deposit:

    • You can get finance up to 90% of the value of your deposit.
    • The bank offers both demand loan and overdraft facility to suit your requirements.
    • Loans are offered at attractive and lower rates of interest.
    • Interest is calculated on daily reducing balance.
    • Loans against SBI Fixed Deposits come with zero processing fees.
    • You don’t have pay any prepayment fees, if you repay your loan before scheduled date.

    Loan against Fixed Deposit SBI Interest Rate

    The State Bank of India charges competitive rates of interest on its loans offered against fixed deposits. Currently the bank charges 1% over the relative time deposit rate. However, these interest rates are subject to change without notifying you in advance.

    Loan against SBI Fixed Deposit FAQs

    1. Can I apply for a loan against my SBI Fixed Deposit online?

      Yes, SBI accepts online application. You can apply for a loan against your FD online. However, currently this online facility is limited to overdraft only. To avail a demand loan, customers need to visit the branch manually and apply.

    2. What are the different channels by using which I can apply for a loan against my SBI FD?

      You can use online banking or visit your nearest SBI branch to apply for a loan against your SBI Fixed Deposit.

    3. Do I need to pay any processing for applying for a loan against FD with SBI?

      No, you don't have to pay any processing fees to apply for a loan against FD.

    4. Can a joint account holder avail this facility of loan against FD with SBI?

      Yes, a joint account holder can also apply for a loans against their SBI FD.

    5. What are the minimum and maximum overdraft limits issued against SBI Fixed Deposits?

      • The maximum overdraft limit is – Rs. 25,000.
      • The maximum overdraft limit is - Rs 5 Crore.
    6. Can I use the Online Overdraft facility against Tax Saving Deposit and Recurring Deposits?

      No, you cannot use the online overdraft facility against Tax Saving Deposits and Recurring Deposits.

    7. Can NRIs avail loans against their fixed deposit opened with SBI?

      Yes, they can avail loans against their fixed deposit schemes opened with SBI.

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  • Loan against FD SBI Reviews

    • SBI Fixed Deposit
      "Convenient to Hold"
      0.5 4.0/5 "Great!"
      It has been two years when I opened fixed deposit with State bank of India. The period is for five years. Since I completed two years, three years to go. Interest rate is of 11%. Actually SBI is located near to my house so I feel more comfortable in visiting the bank at any instance. All the staffs are very friendly and very cooperative.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on May 25, 2017
    • SBI Fixed Deposit
      "Secured investment"
      0.5 5.0/5 "Blown Away!"
      Compared to other banks SBI offering good interest rate on fixed deposit, they offered me 7.95% of interest. I have the amount of Rs. 2.4 lakhs for the tenure of three years. After the maturity period I got the amount around 2.9 lakhs. I am very much fine with that.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 24, 2017
    • SBI Fixed Deposit
      "Too much of process involved"
      0.5 2.5/5 "Just OK"
      At other private bank a fixed deposit could be opened online and a customer does not have to visit the bank. In my case I had to visit State bank of India to open a fixed deposit and it has a lot of process involved. Like wise to close the same it is the same scenario.
      Was this review helpful? 3
      , pune
      Reviewed on May 10, 2017
    • SBI Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the State bank of India and the interest rate is around 6.2% for the tenure of five years of time. I have opened this account through online, so it got happened very immediately. Charges are nil with them and I can get the money withdrawal in fraction of seconds.
      Was this review helpful? 4
      , pondicherry
      Reviewed on May 09, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Long back I had Fixed deposit account with State bank of India. I selected the tenure period for six years. The bank had fixed a good rate of interest. At last I received the money with the promised interest amount. I am much satisfied with SBI for the FD service.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 09, 2017
    • SBI Fixed Deposit
      "Satisfactory Service"
      0.5 5.0/5 "Blown Away!"
      Even I have fixed deposit with State bank of India. The tenure period is one year. I deposit certain amount with them as their interest rate is good and incomparable. SBI gives good response to the people and they are very supportive as well. I have no issues with SBI.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Average "
      0.5 1.0/5 "Really Bad"
      I had invested in fixed deposit with the State bank of India and the interest rate is very less like its around 7.15%, also the returns are also very less, which will be also applicable with the tax. Services provided by them is really not good and I would like to suggest that they need to provide the customer service in a much better way.
      Was this review helpful? 2
      , bhopal
      Reviewed on May 03, 2017
    • SBI Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      In terms of interest rate and everything State Bank of India is fine to have the fixed deposit and the service aspects are working fine with them. I am having this account from the last six to seven years of time and the response is always very good with the State Bank of India.
      Was this review helpful? 2
      , mundra
      Reviewed on May 03, 2017
    • SBI Fixed Deposit
      "Its Trusted"
      0.5 4.0/5 "Great!"
      I was studying college, I have opened Fixed deposit in SBI, it is located in my college campus. I have submitted pan card, address proof, id proof to them and I have invested the amount of Rs.1,25,000 its for the period of four years, but I am not sure what is the benefit I will get after that maturity period.
      Was this review helpful? 24
      , chandigarh
      Reviewed on Mar 30, 2017
    • SBI Fixed Deposit
      "Good deposits"
      0.5 4.0/5 "Great!"
      SBI deposits are better all I am in need of is savings therefore I had opted for it but the charges are very high. I had taken it for 11 months fixed deposit. I am supposed to get 55k however I had got only 50k however they had deducted money for charges and the remaining as credit
      Was this review helpful? 14
      , coimbatore
      Reviewed on Feb 04, 2017
    • SBI Fixed Deposit
      "My FD account"
      0.5 2.0/5 "Expected more"
      SBI fixed deposit is fine, the rate of interest is too low I dont invest in SBI Fixed Deposit. I had opted for this FD through the branch. at the time I was holding a salary account at that point of time that is why I had opted for SBI FD and later it was closed
      Was this review helpful? 18
      , chennai
      Reviewed on Jan 04, 2017
    • SBI Fixed Deposit
      "Online FD Application "
      0.5 1.5/5 "Bad"
      The online method or the system of SBI for applying for Fixed Deposit/recurring deposit is very bad. I did not understand only how to apply and due to that I applied through my Wife's account in IDBI. IDBI has very easy and understandable method for the same.
      Was this review helpful? 10
      , mumbai
      Reviewed on Dec 29, 2016
    • SBI Fixed Deposit
      "The best FD"
      0.5 4.0/5 "Great!"
      The prime reason for selecting SBI for the Fixed Deposit is the rate of interest which is 7.8% as it is the best in the market. I am holding this FD for a period of 4 to 5 years of time. No drawback nor challenges as such. This FD was opened at the Branch.
      Was this review helpful? 14
      , kolkata
      Reviewed on Dec 08, 2016
    • SBI Fixed Deposit
      "SBI is a very good provider"
      0.5 5.0/5 "Blown Away!"
      Rate of interest offered by SBI fixed deposit is very much satisfactory. Their staffs are very much cooperative . I hold a savings account with the said bank based on which they had offered this FD. Interest rate offered by them was 9.8% and they are providing tax benefits too.
      Was this review helpful? 23
      , guntur
      Reviewed on Nov 29, 2016
    • SBI Fixed Deposit
      "Its wonderful"
      0.5 4.0/5 "Great!"
      SBI fixed deposit is wonderful this was taken before 2 years. The total term of FD is 5 years. I do get some tax benefit too. I had filled the form by visiting the Branch and I had provided the FD receipt too. The best I like about SBI is it is very much secured.
      Was this review helpful? 10
      , bangalore
      Reviewed on Nov 14, 2016
    • SBI Fixed Deposit
      "Its really good"
      0.5 5.0/5 "Blown Away!"
      I had parked my funds on my SBI FD and I had signed up for this FD online myself . I am holding this FD account for the past 10 years. There is no drawback nor any challenges as such. It takes hardly 2 minutes to open this FD . Online I can view and change my maturity instructions. As of now its auto renewal I can also change the maturity instructions online myself.
      Was this review helpful? 8
      , noida
      Reviewed on Nov 03, 2016
    • SBI Fixed Deposit
      "Safe and secured"
      0.5 4.0/5 "Great!"
      Interest that I earn on my SBI FD is awesome. I am not getting any prefential interest for my profile though I am a defense person The bank is next to my locality that is the benefit. I had been to the branch for opening this account I had produced a cheque for opening this FD. On the same lines, I guess they require a SBI account for opening FD with the said bank.
      Was this review helpful? 13
      , chandigarh
      Reviewed on Sep 07, 2016
    • SBI Fixed Deposit
      "My FD experience"
      0.5 5.0/5 "Blown Away!"
      My FD with SBI is opened and closed online, it took hardly 5 minutes for me to open the fixed deposit. I had closed it online myself and the money was credited to my account in a day's time and that is the best part about it. Also, I was able to do auto renewal as there is an option available online, also there was an option to add nominee too.
      Was this review helpful? 15
      , pune
      Reviewed on Aug 26, 2016
    • SBI Fixed Deposit
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      I hold a fixed deposit with State bank of India. It has been a very easy process to open this account. They offer a rate of interest of 4%. There are no charges taken. The bank is just 200 meters away from the place I work and I have a friend of mine working over there. He clarifies my doubts immediately.
      Was this review helpful? 9
      , new delhi
      Reviewed on Jul 30, 2016
    • SBI Fixed Deposit
      "Good service "
      0.5 5.0/5 "Blown Away!"
      I earn an interest of around 8.75% for the fixed deposit with state bank of india and the renewing process can be 5years once. I get an annual or halfyearly update about the things happening in fixed deposit.The process is recommended service to future customer as well.
      Was this review helpful? 31
      , chennai
      Reviewed on Jun 22, 2016
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