Loan Against Fixed Deposit

HDFC Bank’s NRI Loan Against Fixed Deposit allows NRIs to meet their financial needs without prematurely breaking their Fixed Deposits. With attractive interest rates and flexible loan tenures, this facility offers an efficient and convenient way to access funds by leveraging your investments.

Key Benefits & Features of Loan Against FD

Loan Benefits

    Efficient Fund Management

  • Instead of liquidating your NRE, NRO, or FCNR Deposits during times of need, borrow against them as an overdraft.

    • Interest Optimisation

  • Draw as much as you need and pay interest only on the amount drawn until you repay.

    • High Overdraft Limits

  • Enjoy overdraft limits up to 90% of the deposit amount for NRE and NRO Deposits and up to 70% for FCNR Deposits.
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Loan Details

    Interest Accrual

  • Your deposits will continue to earn interest even while you have an outstanding overdraft.

    • Withdrawal Restrictions

  • You cannot prematurely close your deposits if an overdraft is outstanding on the account.
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Most Important Terms & Conditions

    *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

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More About NRI Loans Against FD

With such loans, you can retain the interest earnings on your deposits while accessing liquid funds. You do not need to break your fixed deposits prematurely. Many NRI FD Loan options offer flexible repayment options and competitive interest rates.

The process for NRI Loan Against FD is simple - submit your application along with required documents (proof of identity, address, and deposit details) to the Bank. The process is typically quick and hassle-free for existing NRI customers.

Frequently Asked Questions

HDFC Bank’s NRI Loan Against Fixed Deposit allows NRIs to meet their financial needs without prematurely breaking their Fixed Deposits. With attractive interest rates and flexible loan tenures, this facility offers an efficient and convenient way to access funds by leveraging your investments.

There are generally no tax implications for a Loan Against Fixed Deposit for NRI, as the loan amount is not considered income. However, the interest paid on the loan may be deductible from your taxable income, subject to applicable tax laws. 

Yes, NRIs can avail Loans against their Fixed Deposits held in foreign currencies, such as FCNR (Foreign Currency Non-Resident) Deposits. The loan amount and interest rates may vary based on the currency and the bank's policies.

The maximum loan amount typically ranges from 70% to 90% of the fixed deposit value, depending on the type of deposit (NRE, NRO, or FCNR) and the bank's lending policies. Some banks may offer higher loan-to-value ratios for specific deposit types or tenures.