Loan Against Fixed Deposit

Get the cash you need. Keep the savings you earned.

Loan Against Fixed Deposit

Think of it as borrowing from your future without any loss. A loan against fixed deposit is a secured loan where your FD acts as collateral. Instead of withdrawing your deposit, you pledge it and receive a loan typically up to 75% of the FD value, depending on your FD type.

Loan Against Deposit avail up to 85% of your FD value instantly without any break in returns.

And here’s the best part interest rates are generally 2% over the underlying deposit rate, which is much lower than most personal loans or credit cards.

Eligibility criteria to apply for a loan against FD

Resident individuals: You must be a resident of India and over 18 years of age. Please note, this facility is not extended to NRIs, PlOs, or foreign nationals.
Hindu Undivided Families (HUFs): HUFs families with a shared lineage and financial interest can apply with ease.
Sole proprietorships: Running your own business? If you operate as a sole proprietor, you’re eligible.
Partnership firms: If your business is a partnership, you can easily access this facility.
Clubs, societies, and associations: Registered societies and associations can also apply to meet their financial needs without breaking their FDs.

Loan Application Document Checklist

Repayment of the loan against FD Sanatan Co Op Credit Society.

Repayment is straightforward and flexible-tailored to match your needs:

Interest payments: Typically adjusted against the interest your FD earns. You can choose monthly, quarterly, or annual frequency.
Principal repayment: Repay in one go at the end of the tenure or opt for EMls.
Tenure: The loan term usually aligns with your FD’s maturity date.
Premature FD withdrawal: In case you break your FD early, your outstanding loan gets settled from the maturity amount.
Loan renewal: Planning to renew your FD? You might be able to renew the loan as well-based on eligibility and approval.

Features and benefits of loan against fixed deposit

Here’s why this offering stands out:

Flexible loan amount

Borrow up to 85% of your cumulative FD and non-cumulative FD
Minimum loan value: Just Rs. 3,000

No mandatory EMI: You don’t need to pay regular EMIs. Repay when it’s convenient-before your FD matures.
Zero foreclosure charges: Close your loan whenever you want-no extra fees, no questions asked.
Competitive interest rates: Interest rates are just 2% above your FD rate, making it a far more viable option than unsecured credit.
Tenure flexibility: Choose a loan term starting from 1 month and going up to the maturity of your FD.
My Account portal access

Track your loan, check balances, Loan statements, and more from Sanatan CCSL.

Getting started is easy. You can apply visit your nearest branch of Sanatan Co Op Credit Society Ltd.

Documents Required

Duly filled form with

Member / Applicant’s Term Deposit Certificate.
KYC of Member / Applicant.
Application Form – Duly filled and signed by the Members/Applicant/Co-applicant/Guarantor.
Photographs – Two recent passport-size color photographs of each Member/Applicant/Co-applicant/Guarantor.
Identity Proof (Any one of the following):Aadhaar Card, NREGA Job Card, Passport, Driving License, Voter ID, PAN Card.
Residence Proof (Any one of the following):Aadhaar Card, NREGA Job Card, Electricity Bill, Passport, Voter ID.
CIBIL Score – Minimum 800 required for all Members / Applicant and Guarantor.
Processing Fee – 2% of the sanctioned loan amount (non-refundable).

Note: – Additional documents may be needed as per the nature of the application, All documents need to be attested by the member’s Applicant & Co-Applicant.

Terms- “The Sanatan Co-Operative Credit Society Ltd. reserves the right to unilaterally revise or modify its terms and conditions, including, but not limited to, rates of interest, fee structures, product features, and scheme eligibility/benefits. Any such revisions shall be effective immediately upon approval by a resolution passed in either the Annual General Meeting (AGM) or a Special General Meeting.” ( The T&C applicable for all products )

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