Urgent Funds: FD vs Personal Loan – Discover the More Beneficial Option

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

FD ভাঙবেন নাকি পার্সোনাল লোন নেবেন?

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News18•13-03-2026, 11:33

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

•Many opt for personal loans for urgent cash, often overlooking loans against Fixed Deposits (FDs).
•Loan against FD is typically cheaper with a lower interest burden, as your FD acts as security.
•Banks usually lend 75-90% of your FD value, keeping the FD intact and earning interest. Loan interest is 1-2% higher than the FD rate.
•Personal loans are unsecured, leading to higher interest rates (10-18% or more), plus processing fees and strict eligibility.
•Choose a loan against FD if you have substantial FD; opt for a personal loan if FD is for a specific goal or insufficient for the required amount.

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