Loan against FD

[praful47]

If I take loan against FD which is on monthly payout . Will I get interest paid as usual or it will stop.

 

[Tejo]

If I take loan against FD which is on monthly payout . Will I get interest paid as usual or it will stop.

You will get fd interest as usually.

You can avail 90% fd and Need to pay loan interest which will be upto 2.25% extra compared fd interest rate

 

[VasukiVasuki is verified member.]

If I take loan against FD which is on monthly payout . Will I get interest paid as usual or it will stop.

Loan against FD is OD & u need to pay in lum sum
If u want loan on Fd
Get icici or idfc fd cc. Do one big transaction & convert to emi.
With idfc u can withdraw with atm