Thinking of taking a loan against your fixed deposit to pay off your debts?

Take a look at Lakshmi Vilas Bank Loan Against FD.

Lakshmi Vilas Bank Deposit Loan

This loan helps borrowers to get funds against Fixed Deposits (FDs) to meet their urgent financial needs including wedding expenses, travel expenses, medical expenses, etc. This scheme can also be availed as a consolidation loan to pay off their debts.

Features of Lakshmi Vilas Bank Loan Against Fixed Deposit

Why this Loan?

  • The Lakshmi Vilas Bank Deposit Loan is designed to help Lakshmi Vilas Bank customers having Fixed Deposits (FDs) get access to funds against these FDs to meet their urgent financial needs. 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 consolidating debts
  • There are no pre-payment penalties on this loan

Loan Amount

  • The maximum loan amount offered under this loan scheme is Rs. 25 lakh


  • The interest rate applicable to this loan 1% above the fixed deposit rate


  • As of October 2020, this information is not available on the bank’s website. We suggest talking to a bank representative before applying for this loan

Margin Money (Borrower’s Contribution to Total Cost)

  • The bank charges up to 10% of the loan amount depending on the type of borrower, maturity period remaining at the time of applying for the 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

  • Lakshmi Vilas Bank Website:
  • Headquarters: Chennai, Tamil Nadu
  • Call Centre Toll-free Number: 1800 425 2233