YES Bank Loan against FD

Features and Benefits of YES Bank Loan Against FD

1. At YES Bank, you can avail a loan against your FD up to 90% of the balance present in your account.
2. There is no processing fee charged.
3. You can pay the entire loan amount in lump sum, no EMIs required.
4. There is no need for additional documentation.
5. The rate of interest applicable is 1% over and above the FD rate.

Eligibility Criteria

1. To avail the YES Bank loan against FD facility, you need to have a minimum account balance of Rs.10,000 up to Rs.2 crores.
2. The residual tenure of fixed deposit should be minimum seven days.
3. The minimum tenure of fixed deposit should be 30 days, in order to avail the loan facility.
4. For NRE deposits, the minimum tenure should 12 months to avail the loan against FD facility.
5. Non-Resident customers should have a single holding NRO savings account, while resident customers should have a single holding savings account.