Can I use my FD as collateral for a loan? Given a 10 lakhs FD at 7.25% interest, what is the expected loan amount and interest rate? Are there particular criteria, and do all banks offer loans against FDs?
T
Tanvi
@Tanvi
Can I use my FD as collateral for a loan? Given a 10 lakhs FD at 7.25% interest, what is the expected loan amount and interest rate? Are there particular criteria, and do all banks offer loans against FDs?