Urgent Cash: FD Break or Personal Loan – Which is Cheaper?

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Loan Against FD vs. Personal Loan: Which is Cheaper for Urgent Cash Needs?

जानिए FD पर कर्ज और पर्सनल लोन का फर्क. (Image: AI)

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News18•10-03-2026, 20:22

Loan Against FD vs. Personal Loan: Which is Cheaper for Urgent Cash Needs?

•For sudden financial needs, taking a loan against your Fixed Deposit (FD) is often a cheaper option than a personal loan.
•A loan against FD allows you to borrow 75-90% of your FD value while keeping your deposit secure and earning interest.
•Interest rates on loans against FD are typically 1-2% higher than your FD's interest rate, making it cost-effective.
•Personal loans are unsecured, leading to significantly higher interest rates (10-18% or more) and additional processing fees.
•Choose a loan against FD if you have substantial FDs; consider a personal loan for larger needs or specific goals, but always compare costs.

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