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Loan Against Fixed Deposit

In this article we are going to cover what is loan against fixed deposit and some of the underlying facts. Loan against fixed deposit Loan against fixed deposit is a secured loan and usually banks give up to 90% of the money deposited. Rate of interest on loan will be 1 or 2% above the deposit interest rate. The period of loan will be up to the date of maturity of the deposit. In some cases,…