Loan against FDs is better than borrowing against other assets
- If there’s no other choice but to borrow, evaluate the best option based on interest rate, tenure and mortgaged asset
- The borrower must repay the loan before the maturity of the FD—the loan can’t exceed the tenure of the FD
If you are looking at raising money against your assets or investments, a loan against a fixed deposit (FD) will be a better option than borrowing against other assets.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more