Hi All,
Firstly I want to know whether Loan against FD and overdraft against FD are both same? If not, which one to opt for. Secondly, I have a FD from SBH Bank, Can I take a loan from other bank on this FD, or atleast from a different branch of SBH?
Thirdly, my FD is fairly new about 45 days old, still can I take a loan of my FD. I am only looking at around 50% of my FD amount as loan and plan to repay it much early that the FD maturity.
I have done a extensive search but couldn’t find much info. Can some one help me with these queries.
Thanks,
Nitin