An Indian Bank Loan Scheme Against Term Deposits

An Indian Bank loan or overdraft against your term deposits to pay off your debts

Indian Bank Loan Against Deposit

This loan helps borrowers get access to funds against their term deposits made with the bank. The main purpose of this loan is to help the borrower to meet any contingencies and personal needs such as a medical emergency, wedding, travel and so on. This loan can also be repurposed to pay off the borrower’s high-interest debts thereby consolidating their debts. The maximum loan amount sanctioned under this loan is upto 90% of the value of the FD.

Features of Indian Bank Loan Against Term Deposit

Why this Loan?

  • The Indian Bank Loan Against Deposit is designed to help Indian Bank term deposit holders to meet their urgent financial needs without liquidating the Fixed Deposit
  • The funds availed from this scheme can be used for personal needs including child’s education expenses, wedding expenses, expenses for overseas or domestic travel as well as for debt consolidation

Loan Amount

  • The maximum loan amount offered under this loan scheme is upto 90% of the accrued value of the term deposit


  • As of October 2020, the interest rate applicable to this loan 2% above the term deposit rate


  • Indian Bank offers flexible repayment tenure subject to the end of maturity date of the term deposit

Security Needed

  • The term deposit is considered as security for this loan

Processing Charges

  • The bank does not charge any money for processing this loan

Documents Needed

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns

Reference Facts

  • Indian Bank Website:
  • Headquarters: Chennai, Tamil Nadu
  • Call Centre Toll-Free Number: 1800 425 00 000