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Loan Against FD Calculator
Result
Chart
Show formula & working
Loan cost = Amount × (FD rate + margin) × months ÷ 12
Breaking = FD × (FD rate − (rate for period held − penalty)) × months held ÷ 12 + Amount × FD rate × months needed ÷ 12
Details
RBI rule on loans against fixed deposits: rates and rules as of 01-Oct-2026 · Source: RBI (Commercial Banks – Credit Facilities) Directions, 2025 (updated as on 1 October 2026), paragraph 215. Every figure based on it stays editable.
How this works
A loan against an FD lets the deposit keep earning while you borrow a share of it, usually at a small margin over the FD rate.
Breaking the FD early costs the interest the bank claws back — it reprices the deposit at a lower rate, minus a penalty — plus the interest you stop earning on the money you take out.
Frequently asked questions
Which is cheaper?
For short needs, the loan is often cheaper; for needs close to maturity or for long periods, breaking can work out better. The calculator shows both.
Can I take a loan from another bank against my FD?
No — RBI does not allow banks to lend against FDs of other banks.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.