FD Against Loan For Car

Описание: 🔍 FD Against Loan for Car | Full Detailed Explanation (2025 Guide)
If you’re planning to buy a car but don’t want a heavy EMI burden or high-interest rates, then FD Against Loan (also called Loan Against Fixed Deposit) can be one of the smartest, safest, and cheapest financing methods. In this video, I break down every detail step-by-step so you understand exactly how this works, which bank gives the best options, and how much you can save compared to a regular car loan.

Most people ignore this option due to lack of knowledge — and because banks don’t openly advertise that FD loans are cheaper than normal car loans. This video exposes the exact truth and helps you take a wise financial decision.


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📌 What You Will Learn in This Video:

✔ What is FD Against Loan?
✔ Can you use FD loan to buy a car?
✔ FD loan vs car loan — which is cheaper?
✔ How much interest do banks charge on FD loans?
✔ How much loan you can get against your FD (70% to 90%)
✔ RBI rules & guidelines you should know
✔ Difference between SBI, HDFC, BOI & private banks
✔ How to calculate EMI on FD-backed loan
✔ Is FD loan better than personal loan?
✔ Can students, salaried, business people apply?
✔ Hidden conditions banks never tell you
✔ How to avoid rejection or penalty
✔ Step-by-step process to apply online or offline

This video is made for anyone planning to buy a car with minimum stress, maximum savings, and zero risk.


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🚗 FD Loan vs Car Loan (Quick Summary):

• Car loan interest: usually 9%–14%
• FD loan interest: usually 1%–3% above FD interest rate
• No need for CIBIL score for FD loan
• No need for income proof in most banks
• Faster approval (sometimes within minutes)
• No risk of property or vehicle hypothecation
• You can still earn interest on your FD while using the loan

This method is ideal if you want a car but don’t want to break your savings.


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📌 Best Banks for FD Against Loan (2025 Overview):

• SBI – Low processing charges, easy approval
• HDFC Bank – Quick digital loan against FD
• Bank of India – Good for high-value FD loans
• ICICI Bank – Instant FD loan with net banking
• Kotak Bank – One of the fastest online FD loan approvals

Note: Interest rates discussed are based on general market standards. Always check your bank’s latest updated rates.


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💡 Why FD Against Loan Is a Smart Choice:

• Your FD stays active and keeps earning interest
• Loan interest becomes extremely low
• No risk of losing your FD unless you default
• No need for guarantor
• Perfect for people with low or no CIBIL
• Best alternative to personal loans with high interest
• Saves money in the long run

If you are someone who wants to buy a car with minimum financial pressure, this option should be considered seriously.


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📖 Real-Life Example Explained:

Suppose you have an FD of ₹3,00,000 in SBI.
• FD interest: 7%
• FD loan interest: 7% + 1% = 8%
• Normal car loan interest: 11%

This means:
You save 3% extra interest every year by choosing FD loan instead of car loan.

Over 3–5 years, this difference becomes a massive amount of savings.


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📌 Who Should Use FD Against Loan?

✔ Students buying first bike/car
✔ Business owners wanting tax-friendly structure
✔ Salaried employees who want low EMI
✔ Anyone with stable savings in FD
✔ People who want to avoid CIBIL impact
✔ Anyone who wants loan without documentation headache


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💬 What I Cover in This Video (Extra Deep Explanation):

• Why banks promote car loans but not FD loans
• How to avoid paying unnecessary processing fees
• How to negotiate interest with banks
• FD loan maximum limit & tenure explained
• What happens if FD matures before loan completion
• Whether you can use FD across different banks
• Does closing FD early affect your loan?
• Should you break FD to buy car or take loan instead?
• Which option reduces EMI pressure the most
• How banks decide loan percentage on FD
• How to get FD loan even if FD is in parents’ name
• Joint account FD loan rules explained
• Do banks report FD loan to CIBIL?
• Most common mistakes people make with FD loans


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If this video helps you:

👍 Like the video
📝 Comment your doubts — I reply personally
📢 Share with friends who are planning to buy a car
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Hashtags:

#carloans #bankloan #fixeddeposit #fdloan #personalloan #sbi #hdfc #boi #rbi #financeindia #ashutoshadashvlogs #loanagainstfd #fdvscarloan