Loan Against Fixed Deposit

When you invest in a bank fixed deposit, you can easily get a loan against it without having to break it.

• Interest Rate: Coupon Rate plus 2 percent (or base rate whichever is higher).
• Limit: as per FD amount.
• LTV: 90% for Funded limit and 100% for non-Funded limit.
• Tenure : 3 Months minimum
• Maximum: 1 Year or Maturity date whichever is earlier
• Interest Payment Modality: Monthly or Quarterly (on the basis of Nepali Calendar)
• Facility Types: Overdraft or Demand Loan
• Premature of FD: Premature shall be allowed only after settlement of loans and its dues.