{"id":10679,"date":"2026-02-23T13:17:10","date_gmt":"2026-02-23T13:17:10","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=banking&p=10679"},"modified":"2026-02-23T13:17:10","modified_gmt":"2026-02-23T13:17:10","slug":"bob-loan-against-fd-features-eligibility-interest-rates-2026-guide","status":"publish","type":"banking","link":"https:\/\/lemonn.co.in\/blog\/banking\/bob-loan-against-fd-features-eligibility-interest-rates-2026-guide\/","title":{"rendered":"BOB Loan Against FD \u2013 Features, Eligibility, Interest Rates (2026 Guide)"},"content":{"rendered":"\n

If you have a Fixed Deposit (FD) with Bank of Baroda (BOB)<\/strong> and need urgent funds, you don\u2019t have to break your FD. Instead, you can apply for a Loan Against FD (LAFD)<\/strong> and continue earning interest on your deposit.<\/p>\n\n\n\n

Here\u2019s a complete 2026 guide explaining BOB Loan Against FD features, eligibility, interest rates, and the step-by-step process.<\/p>\n\n\n\n

What is BOB Loan Against FD?<\/h2>\n\n\n\n

A Loan Against FD<\/strong> allows you to borrow money by pledging your Bank of Baroda Fixed Deposit as security.<\/p>\n\n\n\n

    \n
  • You continue earning FD interest.<\/li>\n\n\n\n
  • The bank gives you a loan against the deposit.<\/li>\n\n\n\n
  • The loan amount is usually a percentage of your FD value.<\/li>\n<\/ul>\n\n\n\n

    Quick Overview \u2013 BOB Loan Against FD 2026<\/h2>\n\n\n\n
    Particular<\/th>Details<\/th><\/tr><\/thead>
    Loan Type<\/td>Secured Loan<\/td><\/tr>
    Loan Amount<\/td>Up to 75%\u201390% of the FD value<\/td><\/tr>
    Interest Rate<\/td>FD rate + 1% to 2% (approx.)<\/td><\/tr>
    Processing Charges<\/td>Usually minimal or nil<\/td><\/tr>
    Tenure<\/td>Up to the FD maturity date<\/td><\/tr>
    Repayment Type<\/td>EMI or Overdraft option<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Interest rates and loan limits may vary based on bank policy.<\/p>\n\n\n\n

    Key Features of BOB Loan Against FD<\/h1>\n\n\n\n

    No Need to Break FD<\/h2>\n\n\n\n

    You can keep your FD active and continue earning interest.<\/p>\n\n\n\n

    Lower Interest Rate<\/h2>\n\n\n\n

    Since it\u2019s a secured loan, the interest is usually lower than that of personal loans.<\/p>\n\n\n\n

    Quick Approval<\/h2>\n\n\n\n

    Minimal documentation required.
    Faster processing for existing customers.<\/p>\n\n\n\n

    Flexible Repayment<\/h2>\n\n\n\n
      \n
    • EMI-based loan<\/li>\n\n\n\n
    • Overdraft facility (pay interest only on the used amount)<\/li>\n<\/ul>\n\n\n\n

      No Credit Score Impact (Usually)<\/h2>\n\n\n\n

      Approval is mainly based on FD security, not CIBIL score.<\/p>\n\n\n\n

      BOB Loan Against FD Interest Rate 2026<\/h1>\n\n\n\n

      Typically:<\/p>\n\n\n\n

        \n
      • Loan interest = FD interest rate + 1% to 2%<\/li>\n<\/ul>\n\n\n\n

        Example:<\/h3>\n\n\n\n

        If your FD earns 7.50%
        Loan interest may be around 8.50% \u2013 9.50%<\/p>\n\n\n\n

        Actual rate depends on:<\/p>\n\n\n\n

          \n
        • FD type (cumulative\/non-cumulative)<\/li>\n\n\n\n
        • Loan amount<\/li>\n\n\n\n
        • Bank policy<\/li>\n<\/ul>\n\n\n\n

          Always check the latest applicable rate in your branch or net banking.<\/p>\n\n\n\n

          Loan Amount Calculation Example<\/h1>\n\n\n\n

          Suppose:<\/p>\n\n\n\n

            \n
          • FD Amount = \u20b92,00,000<\/li>\n\n\n\n
          • The bank offers 85% loan value<\/li>\n<\/ul>\n\n\n\n

            Maximum Loan = \u20b91,70,000<\/p>\n\n\n\n

            The loan limit may range from 75% to 90% of the FD value.<\/p>\n\n\n\n

            Eligibility Criteria<\/h1>\n\n\n\n

            \u2714 Must have an active FD with Bank of Baroda
            \u2714 Individual\/joint account holders
            \u2714 FD should not be a tax-saving FD (lock-in applies)
            \u2714 KYC compliance required<\/p>\n\n\n\n

            Minor FD loans may be allowed if operated by a guardian.<\/p>\n\n\n\n

            Documents Required<\/h1>\n\n\n\n

            For existing BOB customers:<\/p>\n\n\n\n

              \n
            • Loan request form<\/li>\n\n\n\n
            • FD receipt details<\/li>\n\n\n\n
            • ID proof (if required)<\/li>\n<\/ul>\n\n\n\n

              Generally, no heavy documentation is needed since FD acts as security.<\/p>\n\n\n\n

              How to Apply for BOB Loan Against FD (Step-by-Step)<\/h1>\n\n\n\n

              Method 1: Through Net Banking (24×7)<\/h2>\n\n\n\n
                \n
              1. Log in to BOB Net Banking.<\/li>\n\n\n\n
              2. Go to Loans \u2192 Loan Against Deposit<\/strong>.<\/li>\n\n\n\n
              3. Selectthe FD account.<\/li>\n\n\n\n
              4. Enter the required loan amount.<\/li>\n\n\n\n
              5. Confirm terms and submit.<\/li>\n<\/ol>\n\n\n\n

                Loan amount may be credited instantly (subject to eligibility).<\/p>\n\n\n\n

                Method 2: Visit the Branch<\/h2>\n\n\n\n
                  \n
                1. Submit the loan request form.<\/li>\n\n\n\n
                2. Provide FD details.<\/li>\n\n\n\n
                3. Sign the loan agreement.<\/li>\n\n\n\n
                4. Loan amount credited to your account.<\/li>\n<\/ol>\n\n\n\n

                  Branch timings may vary by location.<\/p>\n\n\n\n

                  Important Points to Remember<\/h1>\n\n\n\n
                    \n
                  • The loan tenure cannot exceed the FD maturity.<\/li>\n\n\n\n
                  • If you fail to repay, the bank may withdraw funds from the FD.<\/li>\n\n\n\n
                  • Prepayment is usually allowed without penalty.<\/li>\n\n\n\n
                  • Tax-saving FD cannot be pledged before the lock-in period.<\/li>\n<\/ul>\n\n\n\n

                    Loan Against FD vs Breaking FD<\/h1>\n\n\n\n
                    Feature<\/th>Loan Against FD<\/th>Premature FD Closure<\/th><\/tr><\/thead>
                    Interest Loss<\/td>No<\/td>Yes (penalty applied)<\/td><\/tr>
                    FD Continues<\/td>Yes<\/td>No<\/td><\/tr>
                    Processing Time<\/td>Quick<\/td>Immediate closure<\/td><\/tr>
                    Best For<\/td>Temporary need<\/td>Permanent fund requirement<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                    A loan against an FD is usually better for short-term cash needs.<\/p>\n\n\n\n

                    Frequently Asked Questions (FAQs)<\/h1>\n\n\n
                    \n
                    \n
                    \n

                    1. How much loan can I get against the BOB FD?<\/h3>\n
                    \n\n

                    A. Usually, 75%\u201390% of the FD value.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    2. What is the interest rate?<\/h3>\n
                    \n\n

                    A. FD interest rate + 1% to 2% (approx.).<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    3. Can I repay the loan early?<\/h3>\n
                    \n\n

                    A. Yes, generally without penalty.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    4. Is a CIBIL score required?<\/h3>\n
                    \n\n

                    A. Usually not mandatory since the loan is secured.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    5. Can I take a loan against a tax-saving FD?<\/h3>\n
                    \n\n

                    A. No, tax-saving FD has a 5-year lock-in.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n

                    Conclusion<\/h1>\n\n\n\n

                    BOB Loan Against FD in 2026<\/strong> is a smart option if you need short-term funds without breaking your deposit. With lower interest rates, quick approval, and minimal paperwork, it is often better than taking a personal loan.<\/p>\n\n\n\n

                    Before applying, check the latest interest rates and loan terms through official Bank of Baroda channels.<\/p>\n\n\n\n

                    <\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-10679","banking","type-banking","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking\/10679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/banking"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=10679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}