Track your loan against fixed deposit in our customer portal
When you choose a Bajaj Finance Fixed Deposit, you can use your invested amount as collateral to get a loan. This facility is known as a loan against fixed deposit (LAFD). With this facility, you can get funds without taking a hit on your investment or opting for a premature withdrawal.
If you have an LAFD with us and want to check its details, download documents, or raise any query related to your loan account, you can visit our customer portal - My Account.
Sign-in to use these features on the go:
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Loan details
Track your loan status, outstanding amount, rate of interest, and more.
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Statement of account
Download the statement of account and other related documents in just a few clicks.
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Foreclose your loan
Raise a service request online or visit any of our branches to close your loan early.
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Check your LAFD details
Sign-in to our customer portal to view your loan against fixed deposit details.
Frequently asked questions
The interest rate on your loan against fixed deposit is 2% p.a. higher than the FD interest rate.
For example, if you have opened an FD of Rs. 1 lakh for 12 months at an interest rate of 7% p.a., then the rate of interest on your loan against fixed deposit would be 9% p.a.
Apply for a loan against fixed deposit
Once you complete your loan application, you will receive funds in your registered bank account within 24 business hours. However, you can apply for a loan against your fixed deposit only once your deposit completes three months lock-in period.
When you choose to take a loan against your fixed deposit, your repayment tenure can last until the FD maturity date. For example, suppose you have opened an FD with us for a tenure of 12 months, but you have applied for a loan against it in its fourth month. In this case, you will get a loan against fixed deposit for a tenure of eight months.
However, you can foreclose your loan against fixed deposit anytime after loan disbursal.
If you plan to withdraw your FD while your loan against fixed deposit is active, we will first adjust your outstanding loan amount along with the interest against your fixed deposit maturity amount. After that, you will receive the balance amount in your registered bank account. However, for this process you have to visit our branch near to your location.
You can download your No Dues Certificate for your loan against fixed deposit by following these simple steps:
- Click on the ‘Download your NDC’ option below to visit our customer portal – My Account.
- Enter your registered mobile number and date of birth and submit the OTP to sign-in.
- Select your loan account from the ‘Document Center’ section.
- Find all your documents and click on ‘No Dues Certificate’ to download it.
