Earn interest up to 7.75% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable)

Loan Against FD

If your credit score is low, you don't fulfil the income qualifying conditions, or you don't have any other assets to pledge for a secured loan, you can get a loan against your Fixed Deposit. The interest rate on these loans is typically 1% to 2% higher than the FD rate, and they can be repaid in as little as 60 months. Typically, these loans are in the form of an overdraft or a demand loan.

Eligibility Criteria for Loan Against Bajaj FD

A Loan Against Fixed Deposit is available to the following Bajaj Finance FD holders:

  • Indian residents

  • Sole proprietorships, partnership firms, and companies, including group companies

  • Hindu Undivided Family (HUF)

  • Clubs, groups, and societies

  • Family Trusts

Documents Required to Apply for Loan Against FD from Bajaj Finance

To apply for a loan against a fixed deposit from Bajaj Finance, you must submit the following documents:

  • Completed and signed application form

  • Agreement that has been duly signed

  • Fixed/Term Deposit receipts that have been legally discharged in the bank's favour

How much loan against FD can you get?

The loan amount is determined by the amount of the Fixed Deposit. This can be anywhere between 75% of the investment amount.

Customers can get a loan against their FD as an overdraft from banks. The fixed deposit-backed overdraft or OD limit is less than the deposit amount, and the interest paid is more than the appropriate FD card rate. However, interest is only levied on the amount borrowed as an overdraft, not on the total amount borrowed.

Loan Against FD Interest Rates by Top Financiers



Interest Rate

Bajaj Finance FD

7 days to 10 years

5.85% - 7.75%


7 days to 10 years

5.75% to 6.85%


7 days to 10 years

4% to 7.25%

Punjab National Bank

7 days to 10 years

5.70% to 6.85%


7 days to 10 years

3.5% to 7.40%

Axis Bank

7 days to 10 years

3.5% to 7.25%

Union Bank of India

7 days to 10 years

5% to 6.85%

Avail Bajaj Finance’s Loan on Fixed Deposit Facility Today

For a loan against deposit, there is no minimum amount that must be invested. The minimum deposit amount, on the other hand, varies by financial institution. For example, you can invest as low as ₹15,000 in a Bajaj Finance Loan on Fixed Deposit without having to wait for a larger corpus.

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