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Loan against FD,RD,MIS,DDS Scheme

Loan against Fixed Deposits is a facility offered by FBNL to our members against your deposits held with us. For your liquidity requirements, avail 70% of the value of deposits held, without breaking the deposit.

You can avail a loan against the security of FD / RD / MIS / DDS deposits As an overdraft or as a demand loan.
For a maximum of 70 % of the face value of deposit and including the interest accrued on the deposit. At an interest rate linked to Deposit Rate against FD/RD deposits.

Loan against FD,RD,MIS,DDS Scheme

Scheme Code Scheme Name Max Amount Tenure Interst Type Annual Interst Rate
LAFD 24 LA FD 100000 24 Months Reducing EMI 20%
LARD 24 LA RD 100000 24 Months Reducing EMI 20%
LADD 24 LA DD 100000 24 Months Reducing EMI 20%
MIS 24 MIS 100000 24 Months Reducing EMI 20%