Loan against Fixed Deposit - Yono

Features

• Avail loan against your fixed deposit, in the form of Overdraft facility, without premature closure of deposit.
• Zero processing charge and No prepayment penalty.
• Loan Amount
  • Minimum: Rs 5000/-
  • Maximum: 90% of FD Value (as available on YONO)
  • Security: Lien on underlying Time Deposit.
  • Interest Rate: 1% above the relative time deposit rate with interest charged on a daily reducing balance