Loan against FD interest rate: Cheaper than other loans No additional documentation, no credit history check, comparatively low-interest rate, and fastest disbursal have made loans against FD popular among investors.

If you have a fixed deposit and want a loan, the bank will lend you the money against your deposit. What if you could have another option to borrow money apart from a personal loan in times of crisis?Ī loan against your fixed deposit (FD) is one of the most cost-effective and easiest possible loans available in the market. Moreover, before extending an unsecured personal loan, banks usually look at your entire financial profile which takes time and effort. But it may not be a prudent decision considering the extremely high interest rate charged on credit card dues in case you do not repay the entire amount by the due date, and higher rate on personal loans, especially after the continuous hikes in interest rates over the past two years.

When you are in urgent need of cash, the first option that comes to your mind is to take a personal loan or use your credit card if it has sufficient balance. Mutual Funds Spend P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Buy Online Health Insurance Car Insurance 2 Wheeler Insurance Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter

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