Yes, you can get a loan on FD in HDFC Bank and this is called an overdraft. With the loan against FD scheme in HDFC bank, you can borrow up to 90% of the overdraft on your loan. You have to repay the borrowed amount with interest while the unborrowed portion of your FD will continue to earn the HDFC Bank interest rate as usual. 

HDFC Bank Loan on FD - Snapshot 

Percentage of Overdraft 

90% of the overdraft based on the fixed deposit 

Minimum Amount Required in Your FD 

Rs. 25,000

Tenure  

6 months 

More Features 

  • The loan can be taken with quick approval from netbanking if it is held under a single name.
  • Interest rate on the HDFC Bank loan on FD is quite low. So, you can make repayments with ease. 
  • You can choose EMIs and repayment tenures according to your convenience. 

Benefits of the Loan on FD From HDFC Bank 

  • Loans against HDFC fixed deposits are available at attractive interest rates
  • Loans up to 90% of your FD’s value in HDFC Bank can be taken. 
  • You can apply for a loan on FD from HDFC bank online without physically visiting the branch. 

Eligibility Criteria For Loan on FD From HDFC Bank

  • Owners of NRO deposits can apply for a loan on FD in HDFC Bank. 
  • Holders of fixed deposits in NRE and FCNR are also eligible.

How To Apply For A Loan on HDFC Bank Fixed Deposit

Step 1: Visit the HDFC website -  https://www.hdfcbank.com/personal/save/deposits/fixed-deposit

Step 2: Select “Invest” then “Deposits.”

Step 3: Select “Fixed Deposit” in step 3

Step 4: Select “Loan against fixed deposit.”

Step 5: Select "Apply now."

Step 6: Log into the portal, complete the form, and submit it.