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Old 12th December 2017, 02:28 PM
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Join Date: Aug 2012
Default Re: Karur Vysya Bank Loan Against FD

A fixed deposit is a financial product offered by banks to help you earn higher rate of interest on your savings than a regular savings account. It is a kind of savings account that pay you a fixed rate of interest on your savings for investing them for a stipulated duration decided by bank.

Benefits :

It helps in liquidity management. Loan taken against your fixed deposit account can help you get short term money for any kind of financial requirements without breaking your FDs. It also saves you from selling your assets at discounted value to fulfill your monetary needs.

The most important advantage of taking a loan against fixed deposit is that you can get a loan at comparative and lower rates of interest than other personal loans as they are unsecured loans. Loans against FDs are secured loans with the underlying deposit in your FD account.

Banks in India offer maximum loan up to 90% of the value of your fixed deposit.
You can access the loan amount with cheque book, ATM and internet banking with banks like Axis Bank.

Loans against fixed deposits can be taken for any tenure as long as it does not exceeds the tenure of your fixed deposits.

Loans are available to self and third party individuals including corporate organizations.

For the Interest Rates , Loan Amount on the Loan Against Fixed Deposit in the Karur Vysya Bank you may Contact to the Nearest branch of the Karur Vysya Bank
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