Guardian Bank offers a convenient *Loan Against Fixed Deposit (FD)* facility to help you meet your urgent financial needs without breaking your deposit. This facility allows you to avail a loan by pledging your fixed deposit while continuing to earn interest on it.
Key Features
♦ Loan available against your Fixed Deposit with Guardian Bank
♦ Quick and hassle-free processing
♦ No need to prematurely close your FD
♦ Attractive and affordable interest rates
♦ Flexible repayment options
♦ Overdraft or term loan facility available
Loan Amount - Up to *90% of the Fixed Deposit value* (as per bank norms)
Interest Rate - Interest charged is *nominal and slightly above the FD interest rate*
Tenure - Loan tenure is generally *co-terminus with the FD maturity period*
Eligibility
♦ Individual FD holders
♦ Joint FD holders (with consent of all holders)
♦ Minors through guardians (as per bank rules)
Repayment
♦ Flexible repayment through EMIs or lump-sum payment
♦ Interest payable monthly/quarterly as applicable
Benefits
♦ Maintain liquidity without losing FD benefits
♦ Simple documentation
♦ Faster approval and disbursement
♦ Ideal for short-term financial requirements
Documents Required
♦ Fixed Deposit receipt
♦ KYC documents (Identity & Address proof)
♦ Loan application form