Take a Loan For Your Every Financial Need A loan for every need (4) | Page 3

8. Loan against Fixed Deposit (FD)
FD
Such a facility makes your FD liquid
You can take a short-term loan against your FD without
breaking it
Most of the lenders allow you to withdraw up to 90% of your
FD amount
The interest that you pay is usually a percent higher than your
FD interest rate
9. Loan against financial securities
You can also raise funds by pledging your financial securities
Securities for this purpose include share, insurance policies,
mutual funds, bonds, etc.
Such loans are a type of business loans
10. Loan against property
Loan against property is a type of mortgage loan.
You can avail a loan against the security of the following:
– Residential property
– Commercial property
– Vacant plot