HDFC Loan Against FD

Depositors can avail HDFC Bank Overdraft Against FD, also called HDFC Bank Super Saver Facility, for up to 90% of their FD amount. They only have to pay 2% above the applicable fixed deposit rate for the amount withdrawn, for the period that they have used the money.

HDFC Bank Loan Against FD Highlights

Note: Interest rates as of 7th November 2024

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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What is HDFC Overdraft Against FD?

Using the HDFC Bank Overdraft Against FD facility, depositors can avail instant loans against their fixed deposits to meet their financial requirements. Using this facility, they can avail up to 90% of the FD amount as HDFC Bank Loan against FD, in the form of overdraft facility. The interest component is levied on the drawn amount only, till they are repaid. Note that FD accounts used as lien continues to earn interest as per the booked HDFC Bank FD interest rates.

• Avail loan without breaking FD
• FDs opened with HDFC Bank of Rs 25,000 & above, opened for tenures of 6 months 1 day and above can be used to open HDFC Bank Overdraft Against FD
• Avail up to 90% of overdraft on FD
• Avail this loan facility on deposit held in single name through NetBanking instantly
• Pay back with interest only on the drawn amount till their repayment
• Your HDFC Bank FD(s) used as collateral would continue to earn @ booked interest rate.

Also know: What is HDFC Bank Tax Saving FD?

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Earn Up to

13.25%

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Eligibility of HDFC Loan Against Fixed Deposit

• Resident Individuals (sole or joint account)
• Hindu Undivided families
• Private & Public limited companies
• Minimum amount should be Rs 25,000
• Minimum tenure should be 6 months 1 day

How to apply for HDFC Loan Against Fixed Deposit?

Step 1: Visit the official website of HDFC Bank

Step 2: Select “Save” then “Fixed Deposits”

Step 3: Go to “Overdraft Against Fixed Deposit”

Step 4: Click on “Apply Now”

Step 5: HDFC NetBanking portal will open. Click on “Proceed Now” and fill the required details