{"id":10865,"date":"2022-05-24T11:34:56","date_gmt":"2022-05-24T06:04:56","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=10865"},"modified":"2022-07-14T16:28:47","modified_gmt":"2022-07-14T10:58:47","slug":"loan-against-fixed-deposit","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/","title":{"rendered":"Loan Against Fixed Deposit (FD) &#038; Overdraft Against FD"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d35894e2898\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d35894e2898\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#What_Is_a_Loan_Against_FD\" title=\"What Is a Loan Against FD?\">What Is a Loan Against FD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Who_Can_Apply_for_a_Loan_Against_FD\" title=\"Who Can Apply for a Loan Against FD?\">Who Can Apply for a Loan Against FD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Who_Are_not_Eligible_for_a_Loan_Against_FD\" title=\"Who Are not Eligible for a Loan Against FD?\">Who Are not Eligible for a Loan Against FD?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Benefits_of_Loan_Against_FD\" title=\"Benefits of Loan Against FD:\">Benefits of Loan Against FD:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Features_of_Loan_Against_FD\" title=\"Features of Loan Against FD\">Features of Loan Against FD<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Get_Loan_Amounts_up_to_70_to_90\" title=\"Get Loan Amounts up to 70% to 90%\">Get Loan Amounts up to 70% to 90%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Low-Interest_Rates\" title=\"Low-Interest Rates\">Low-Interest Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Flexible_Payment_Mode\" title=\"Flexible Payment Mode\">Flexible Payment Mode<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#No_Processing_Fees\" title=\"No Processing Fees\">No Processing Fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Hassle-Free_Processes\" title=\"Hassle-Free Processes\">Hassle-Free Processes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Meet_the_Financial_Needs_Without_Breaking_the_FD\" title=\"Meet the Financial Needs Without Breaking the FD\">Meet the Financial Needs Without Breaking the FD<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#What_Is_the_Overdraft_Facility_on_FD\" title=\"What Is the Overdraft Facility on FD?\">What Is the Overdraft Facility on FD?<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#FAQs\" title=\"FAQ&#8217;s\">FAQ&#8217;s<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#What_is_the_interest_rate_of_the_loan_against_FD\" title=\"What is the interest rate of the loan against FD?\">What is the interest rate of the loan against FD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#What_are_the_application_processing_charges_to_avail_Loan_against_FD\" title=\"What are the application processing charges to avail Loan against FD?\">What are the application processing charges to avail Loan against FD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#How_much_loan_can_I_get_against_my_FD\" title=\"How much loan can I get against my FD?\">How much loan can I get against my FD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Is_overdraft_against_FD_a_good_choice\" title=\"Is overdraft against FD a good choice?\">Is overdraft against FD a good choice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">What do you do when you have sudden expenses to meet? When heavy expenditure knocks at your doorstep, you might think of dissolving your savings. But what if there&#8217;s a better approach than this?\u00a0 Instead of liquidating your hard-earned\u00a0 savings, avail a personal loan against a fixed deposit.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">When banks provide loans, they typically charge around 2% points more than the FD rate. The loan against FD works in the same way as any other loan. The borrower receives money in a single payment and repays it in monthly installments.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>FD is a possible way to get a loan, and a loan on fixed deposits is a savior that helps people get quick solutions during any economic crisis.\u00a0<span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">In this article, we are diving deep into the concept of loans against FD.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\"><img loading=\"lazy\" class=\"size-large wp-image-13417 aligncenter\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-1024x334.jpg\" sizes=\"(max-width: 640px) 100vw, 640px\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-1024x334.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-300x98.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-768x250.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022.jpg 1080w\" alt=\"Online Fixed Deposits on Kuvera\" width=\"640\" height=\"209\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_a_Loan_Against_FD\"><\/span>What Is a Loan Against FD?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">A loan against FD is a secured loan where customers can pledge their fixed deposit as security and get a loan in return. The loan amount solely depends on the fixed deposit, and it can go up to 70% to 90% of the deposit amount.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">A loan against FD can meet unexpected financial needs. People tend to choose loans against FD when they encounter unforeseen events like medical emergencies, marriages, etc. The <a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\" target=\"_blank\" rel=\"noopener\">loan against the FD interest rate<\/a> varies from bank to bank.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Can_Apply_for_a_Loan_Against_FD\"><\/span>Who Can Apply for a Loan Against FD?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The loan against FD is an extended service to all the deposit holders, whether an individual or a joint account.<br \/>\nNotably, the applicant should be a resident of India, family trust, Hindu Undivided Family, association, and society. Moreover, sole proprietorships, partnership companies, and group companies are also eligible to apply for a loan against FD.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Are_not_Eligible_for_a_Loan_Against_FD\"><\/span>Who Are not Eligible for a Loan Against FD?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>Fixed deposits in the name of minor individuals are not eligible for loans.<\/li>\n<li>A 5-year<a href=\"https:\/\/kuvera.in\/explore\/save-smart\"> tax-saving FD<\/a> investors cannot apply for loans against FD.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Benefits_of_Loan_Against_FD\"><\/span>Benefits of Loan Against FD:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-justify: left;\"><strong>No Penalty Interest on a Premature Exit<\/strong>: You do not have to make an early withdrawal from your FD if you take out a loan against it. In this manner, you can avoid paying the penalty interest on a premature exit.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-justify: left;\"><strong>Zero Processing Charge:<\/strong> The applicants need not to spend money for applying for a loan against FD, it is free of cost<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-justify: left;\"><strong>Minimum Interest Rate:<\/strong> A loan against FD has a minimum interest rate compared to a personal loan.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-justify: left;\"><strong>Seamless Loan Application Process:<\/strong> The loan application process is seamless since there is no or less documentation process involved<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>Available for Both Domestic and NRI FD&#8217;s<\/strong>: A loan against FD is applicable for both domestic and NRI fixed deposits.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Features_of_Loan_Against_FD\"><\/span>Features of Loan Against FD<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Get_Loan_Amounts_up_to_70_to_90\"><\/span>Get Loan Amounts up to 70% to 90%<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">A loan against FD is a good choice for the customers since it can ensure 70% to 90% of your fixed deposit. It is the most notable benefit of a loan against FD. For instance, if you have a fixed deposit of 10 lakhs, you can avail of anything ranging from 7 to 9 lakhs. Customers will receive the interest of the remaining amount from the FD even after the sanction of the loan.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Low-Interest_Rates\"><\/span>Low-Interest Rates<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Loans against fixed deposits have substantially lower interest rates than other loan types. Let us say that it is only 2% to 3% higher than the fixed deposit rate. For example, if your bank gives 9.25% on fixed deposit accounts, you will have to pay 11.25% on your loan against the FD. Compared to the interest rate charged by banks on personal loans, this rate is far lower.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Flexible_Payment_Mode\"><\/span>Flexible Payment Mode<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">One critical element is that the loan against FD has the same duration as the fixed deposit itself. While the loan&#8217;s tenure may be smaller than that of the fixed deposit, it may not surpass the deposit&#8217;s tenure. For example, if the Fixed Deposit tenure is five years, the loan can be less than or equal to 5 years but not more significant than that.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"No_Processing_Fees\"><\/span>No Processing Fees<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">There is no processing fee for this type of financing, and it requires zero payment and additional processing charges; the case is different from other loans. As a result, the overall cost of the loan is reduced.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Hassle-Free_Processes\"><\/span>Hassle-Free Processes<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The application process is quite simple, and this is one type of loan that is extremely simple to apply for. There is relatively little documentation required because you already have a fixed deposit account. You only need to complete the necessary forms, and you can also apply for a loan against a fixed deposit online.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Meet_the_Financial_Needs_Without_Breaking_the_FD\"><\/span>Meet the Financial Needs Without Breaking the FD<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Unfortunate circumstances, catastrophes, and unexpected developments may cause many people to withdraw funds from their fixed deposit accounts for immediate cash flow. However, with the option of taking out a loan against a fixed deposit, you may maintain your deposit while meeting your immediate cash demands.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_the_Overdraft_Facility_on_FD\"><\/span>What Is the Overdraft Facility on FD?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Overdraft against FD allows you to withdraw up to 85% to 95% of the fixed deposit amount. The bank charges interest only on the amount withdrawn from the overdraft, never on the whole overdraft limit. The interest rates charged on your fixed deposit investment are 1% to 2% above the fixed deposit rates.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The maturity of the fixed deposits decides the tenure of the loan. If the payment is not made, it will be adjusted from the fixed deposit.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">An overdraft can be closed without incurring any prepayment penalties.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">There is no or fewer paper works and eligibility involved in the whole process of overdraft against FD.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Assume you obtain an overdraft of Rs 1 lakh from a bank at an interest rate of 8% p.a. You withdraw Rs 10,000 from your OD account, use it for 20 days, and then re-deposit it into your OD account. The bank will only compute interest on Rs 10,000 for 20 days, which might amount to Rs 43.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">As a result, an overdraft against FD can be considered a regular liquidity instrument to cover a short-term requirement. Another advantage of having an overdraft is that you don&#8217;t have to worry about monthly EMI payments, and you can deposit the outstanding amount whenever it is convenient for you.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQ&#8217;s<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"What_is_the_interest_rate_of_the_loan_against_FD\"><\/span>What is the interest rate of the loan against FD?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The interest rate of loans against FD is 2% to 3%.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"What_are_the_application_processing_charges_to_avail_Loan_against_FD\"><\/span>What are the application processing charges to avail Loan against FD?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There are no application charges to be paid to get a loan against FD.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"How_much_loan_can_I_get_against_my_FD\"><\/span>How much loan can I get against my FD?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It varies from bank to bank, but one will get 70% to 90% of the deposit amount.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Is_overdraft_against_FD_a_good_choice\"><\/span>Is overdraft against FD a good choice?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Overdraft against FD can be employed regularly to address a short-term liquidity requirement. Another advantage of having an overdraft is that you don&#8217;t have to worry about monthly EMI payments, and you can deposit the outstanding amount whenever it is convenient for you.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read More: <a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p><iframe loading=\"lazy\" title=\"Kuvera Insights\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PLDSzQdT9nLmCysU31bg4Ngh7WY2p3UiiI\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What do you do when you have sudden expenses to meet? When heavy expenditure knocks at your doorstep, you might think of dissolving your savings. But what if there&#8217;s a better approach than this?\u00a0 Instead of liquidating your hard-earned\u00a0 savings, avail a personal loan against a fixed deposit. &nbsp; When banks provide loans, they typically [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":10851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[543],"tags":[561,554,620,176,556,551,547,621,559,560,564],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Loan Against Fixed Deposit (FD) &#038; Overdraft Against FD - Kuvera<\/title>\n<meta name=\"description\" content=\"Loan against fd or over draft is one of the most secured way, where the customers can keep the fixed deposit as security and get a loan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/loan-against-fixed-deposit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loan Against Fixed Deposit (FD) &#038; 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