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Premature withdrawal of bank fixed deposit or a loan against FD: How to decide

Premature withdrawal of bank FD or loan against FD: It may not always be a prudent idea to break off years of savings especially when the money is locked in at an attractive rate and liquidation is likely to result in a significant loss. How to decide when to withdraw your deposit and when to take a loan against it? ET Wealth online explains ....

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Loan against FD is the cheapest, easiest loan for short-term needs; when should you go for it?

Fixed deposit or FD: A loan against your fixed deposit (FD) is one of the most cost-effective and easiest possible loans available in the market. If you have a fixed deposit and want a loan, the bank will lend you the money against your deposit. How much loan can you take against your FD? What will be the interest rate, tenure, processing fee, repayment schedule? When should you opt for it? All questions answered ....

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