City Union Bank loan against FD lets you borrow up to 80% of your FD amount as an overdraft (OD). This facility enables individuals and businesses to address urgent financial requirements without prematurely withdrawing their deposits.
A City Union Bank loan against FD provides access to your funds without prematurely closing your FD. This facility allows you to earn FD interest on your remaining deposits while obtaining a loan. The minimum deposit required is ₹100 for individuals, ₹1,000 for MSMEs, and ₹10,000 for corporates. The loan against FD can be availed for a minimum period of 7 days and up to 10 years.
City Union Bank Loan Against FD has several features that make it a practical choice. Some of these include:Â
City Union Bank offers a straightforward process to apply for a Loan against a Fixed Deposit (FD). You can choose to apply online through NetBanking or visit your nearest branch. Below are the steps for both methods:
Applying for a City Union Bank loan against FD through NetBanking is quick and convenient. Follow these steps:
You can visit your nearest City Union Bank branch if you prefer applying offline. Here's how:
A City Union Bank Loan Against FD is ideal for individuals seeking quick liquidity while retaining the benefits of their fixed deposits. This facility is suitable for:
City Union Bank offers the following general repayment options for a loan against FD:
City Union Bank Loan against FD allows you to borrow up to 80% of your FD value. Thus, it lets you meet urgent financial needs without prematurely withdrawing your deposit. The loan is linked to the bank's External Benchmark Lending Rate (EBLR), with slightly higher City Union Bank FD interest rates. However, this facility ensures that your FD continues to earn interest, providing a cost-effective solution for accessing funds, compared to unsecured loan options.