Deutsche Bank Loan Against Fixed Deposit

Investing in fixed deposit with the Deutsche Bank not only serves the investment aspect (with competitive FD interest rates), but also solves emergency cash crunch byways of overdraft against FD. In times of need, one can self-finance with the help of the Deutsche Bank overdraft against FD.

Just like a loan against FD, overdraft also helps one to self-finance via fixed deposit without pulling down FD interest.

Book FDs at Interest rate upto 8.00% p.a

• Manage all FDs in one place
• No Bank A/C Required

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Features of Deutsche Bank Loan against FD

The following are the important features of the facility of availing overdraft against fixed deposit by the Deutsche Bank:

• Minimum overdraft allowed: Rs. 25,000
• Maximum overdraft limit: Up to 95% of fixed deposit
• Tenure for which amount can be withdrawn up to the overdraft limit: 7 days to 365 days
• Interest charged: 2% over the applicable FD interest rate

Book FDs at Interest rate upto 8.00% p.a

 Manage all FDs in one place

 No Bank A/C Required

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Note: If the amount is withdrawn beyond the sanctioned overdraft limit, significant fees and charges may be levied.

How to Apply for Deutsche Bank Loan against FD?

Deutsche Bank has made it simple for its customers to take advantage of their overdraft against fixed deposit facility. The following are the simple ways one can resort to:

• SMS OD to 561615
• Call 18602666601 (Customers in India)
• Call +91 2266016601 (Customers outside India)
• Online Mode
  • Step 1: Visit the official website of Deutsche Bank
  • Step 2: Hover cursor on ‘Loans’ from the bar menu at the top
  • Step 3: Click ‘Overdraft against Fixed Deposit’
  • Step 5: Click on the ‘Apply Online’ tab
  • Step 6: Fill the Online Application Form and ‘Submit’

Investing Made Easy with Bonds

 Interest paid monthly/quarterly

 Invest as low as ₹1,000

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Earn Up to

13.25%

Exclusively on Bonds

Deutsche Bank Overdraft against Fixed Deposit: Benefits

The following are some of the advantages of taking a loan or overdraft facility against one’s fixed deposit:

• No need to pay high interest rates as compared to unsecured loans
• Quick disbursal of loan, minimal documentation required
• No need to apply for KYC compliance since the applicant is already a registered customer of the bank
• No need to break FD to finance emergent needs
• FD amount continues earning interest
• Interest is charged only on the limit used and not the entire overdraft (OD) limit
  • If the OD limit is Rs. 1 lakh and at a time, only Rs. 40,000 are drawn, then interest will only be charged on Rs. 40,000.

Fees charged on Overdraft against FD

The following points must be taken into consideration:

• Service tax on fees and charges is payable as per the applicable rates
• The applicant is required to pay stamp duty charges depending on local regulations
• 24% p.a. on the overdrawn amount