• National
  • World
  • Auto
  • Sports
  • Business
  • Health
  • Entertainment
  • Tech
  • Career
  • More
    • Politics
    • Food
    • Insurance
    • Travel
    • Personal Finance
    • Market
    • Crypto
    • Lifestyle
What's Hot

Rail minister announces India’s first hydrogen train, know details

February 2, 2023

Air Marshal AP Singh takes over as new IAF vice chief

February 2, 2023

The most special honor of World Champion Team India, Sachin remembered 40 years old

February 1, 2023
Facebook Twitter Instagram
Facebook Twitter
News NCRNews NCR
Subscribe
  • National
  • World
  • Auto
  • Sports
  • Business
  • Health
  • Entertainment
  • Tech
  • Career
  • More
    • Politics
    • Food
    • Insurance
    • Travel
    • Personal Finance
    • Market
    • Crypto
    • Lifestyle
News NCRNews NCR
Home » If money is needed for a short time, then this is a better option, more loan in very less interest.
National

If money is needed for a short time, then this is a better option, more loan in very less interest.

EditorialBy EditorialApril 4, 2021Updated:April 4, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit
If money is needed for a short time, then this is a better option, more loan in very less interest.
Share
Facebook Twitter LinkedIn Pinterest Email

You can also take a loan on FD. You can take a loan on your FD, it will not disturb your FD and your needs will also be fulfilled easily.

Loans available on FD are a type of secured loan.

There are many times that we need money for a few days. In this situation, we take the help of our savings or investment etc., in which your FD is more useful. Often people use FDs at the time of need and use FDs before they complete maturity. But, do you know that if you need such money, then you can fulfill your needs even without closing the FD.

In such a situation, you can also take a loan against FD. You can take a loan on your FD, it will not disturb your FD and your needs will also be fulfilled easily. In such a situation, we know how to get loan on FD and how much interest is charged on it…

A loan on an FD is a type of secured loan, where the customer gives his FD to the bank as security. The special thing is that in this loan, you get a loan of up to 90 percent of your FD amount easily. You get a loan from the individual holder to the joint account holder through FD and you do not have to pay much interest either.

What is the benefit of FD loan?

By the way, FD loan is less interest than other loan. Although every bank has a different interest rate, but it is believed that you have to pay about 2 percent more interest than the interest you are getting on FD. The advantage of this is that you do not have to break FD and you continue to get interest on FD,

In such a situation, this interest seems quite low. Also, many banks do not charge any processing fees for this loan. The special thing about this loan is that you can also take it for a short time and can also deposit it simultaneously. If you do not give the loan installment, then the bank takes it from the FD.

How do you get this loan?

These loans on FD are given as overdraft facility by the bank to the customers. The overdraft or OD limit supported by a fixed deposit is less than the deposit amount, while the interest is higher than the applicable FD card rate. Also, there are different processes for taking such a loan, which you can find out by going to the bank. Loan against FD should be repaid before maturity of fixed deposit. Under no circumstances can it exceed the FD period against which the loan has been taken.

Also read- How much gold a woman can buy… what the government rules about it… crack the check

.

Fixed Deposit fixed deposit rates Fixed deposit scheme
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editorial
  • Website

Newsncr.com latest publishes news from the automobile, investment, real estate, technology, and related sectors. But in addition to that, we also cover lifestyle topics, like fashion, food, travel, and health. Along with all these, we also keep an eye on rising topics like cryptocurrency, startups, venture capital.

Related Posts

Rail minister announces India’s first hydrogen train, know details

February 2, 2023

Air Marshal AP Singh takes over as new IAF vice chief

February 2, 2023

Noida Traffic Police to start seizing 1,19,000 cars

February 1, 2023
Our Picks

This girl is Manjulika of Noida Metro, the truth of the viral video came to the fore

February 1, 2023

Flora Saini had to face pain in love, shocking revelations about the producer

February 1, 2023

Bigg Boss 16: Not Salman Khan or Farah Khan but this celebrity will host the Aakhri Weekend Ka Vaar?

February 1, 2023

Kapil Sharma shared special pictures on son’s birthday, said this for his wife

February 1, 2023
Don't Miss
National

Rail minister announces India’s first hydrogen train, know details

By Damini SharmaFebruary 2, 20230

Finance Minister Nirmala Sitharaman delivered the budget speech on the second day of the budget…

National

Air Marshal AP Singh takes over as new IAF vice chief

By Damini SharmaFebruary 2, 20230

Air Marshal A P Singh on Wednesday took over as the new Vice Chief of…

Sports

The most special honor of World Champion Team India, Sachin remembered 40 years old

By EditorialFebruary 1, 20230

India’s Under-19 women’s team, captained by Shefali Verma, has been given a reward of Rs…

World

Pakistan bans Wikipedia for 48 hours, action taken for not removing offensive content

By EditorialFebruary 1, 20230

PTA said that Wikipedia was asked to block/remove the derogatory content but it did not…

About Us
About Us

NCR News: Read the Latest News, Viral News, Local News, India news, Health news, finance news, business news, technology and auto news.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Rail minister announces India’s first hydrogen train, know details

February 2, 2023

Air Marshal AP Singh takes over as new IAF vice chief

February 2, 2023

The most special honor of World Champion Team India, Sachin remembered 40 years old

February 1, 2023
Must Read

The storm of batting came within 5 hours in England, these two players added 554 runs for the opening wicket

August 19, 2021

Allan Saint-Maximin warns that Newcastle can get higher after pushing City shut

August 22, 2022

Queen Elizabeth II: A life in photos

September 9, 2022
Facebook Twitter Instagram Pinterest
  • About us
  • Contact
  • Contribute For Us
  • Privacy Policy
  • Disclaimer
© 2023 News NCR. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.