Loan Against FD Calculator: Complete Guide for Indian Banks
A loan against Fixed Deposit (FD) is one of the most convenient and cost-effective ways to access funds without breaking your FD. The loan against FD calculator helps you calculate EMI or OD interest for loans secured against your fixed deposits from major Indian banks including SBI, HDFC, ICICI, PNB, BOB, Federal Bank, Axis Bank, BOI, Kotak Mahindra Bank, and Indian Bank. Whether you need funds for personal expenses, business needs, or emergencies, this calculator helps you understand the cost and plan your repayment.
🏦 What is Loan Against FD?
A loan against FD allows you to borrow money using your fixed deposit as collateral. Key advantages include:
- No need to break your FD and lose interest
- Lower interest rates compared to personal loans
- Quick approval and disbursement
- Flexible repayment options (EMI or OD mode)
- Loan amount up to 90% of FD value
- Interest rate typically 1-2% above FD rate
- Your FD continues to earn interest
💰 Loan Against FD Calculator SBI
The loan against FD calculator SBI helps you calculate your loan EMI or OD interest for State Bank of India's loan against FD scheme. SBI offers competitive rates and allows loans up to 90% of your FD value. Key features include:
- Interest rates typically from 8.5% to 9.5% per annum
- Loan amount up to 90% of FD value
- Flexible repayment tenures
- Both EMI and OD modes available
- Quick processing for existing FD holders
- No prepayment charges
Use the loan against FD calculator SBI to determine your EMI and understand the total cost. The OD against FD calculator SBI helps you calculate monthly interest payments if you choose the overdraft mode.
💳 Loan Against FD Calculator HDFC
HDFC Bank offers attractive loan against FD schemes with competitive interest rates. The loan against FD calculator HDFC helps you:
- Calculate EMI for fixed monthly installments
- Determine OD interest for flexible withdrawals
- Compare different loan amounts and tenures
- Understand total interest payable
- View complete amortization schedule
HDFC typically offers loans up to 90% of FD value with interest rates starting from 8.75% per annum. The calculator helps you choose between EMI and OD modes based on your needs.
🏛️ Loan Against FD Calculator ICICI
ICICI Bank's loan against FD scheme is popular for its flexibility and competitive rates. The loan against FD calculator ICICI provides:
- EMI calculation for structured repayment
- OD interest calculation for flexible access
- Multiple tenure options
- Interest rates typically from 8.75% to 9.5%
- Loan up to 90% of FD value
🏦 Loan Against FD Calculator PNB
Punjab National Bank (PNB) offers loan against FD with attractive features. The loan against FD calculator PNB helps you calculate:
- Monthly EMI for fixed installments
- OD interest for flexible withdrawals
- Total interest over loan tenure
- Complete payment schedule
💼 Loan Against FD Calculator BOB
Bank of Baroda (BOB) provides competitive loan against FD schemes. The loan against FD calculator BOB offers:
- EMI calculation for regular payments
- OD mode for flexible fund access
- Interest rates from 8.5% per annum
- Loan up to 90% of FD value
🏪 Loan Against FD Calculator Federal Bank
Federal Bank offers attractive loan against FD schemes. The loan against FD calculator Federal Bank helps you:
- Calculate EMI for structured repayment
- Determine OD interest payments
- Compare different scenarios
- Plan your finances effectively
📊 Loan Against FD Calculator Axis Bank
Axis Bank's loan against FD calculator helps you understand the cost of borrowing against your FD. Features include:
- EMI calculation for fixed monthly payments
- OD interest calculation
- Flexible repayment options
- Competitive interest rates
🏛️ Loan Against FD Calculator BOI
Bank of India (BOI) offers loan against FD with competitive rates. The loan against FD calculator BOI provides:
- EMI calculation for regular installments
- OD mode for flexible access
- Interest rates from 8.5% per annum
- Loan up to 90% of FD value
💎 Loan Against FD Calculator Kotak Mahindra Bank
Kotak Mahindra Bank offers flexible loan against FD schemes. The loan against FD calculator Kotak Mahindra Bank helps you:
- Calculate EMI for structured repayment
- Determine OD interest payments
- Compare different loan options
- Plan your finances effectively
🏦 Loan Against Fixed Deposit Calculator Indian Bank
Indian Bank offers competitive loan against FD schemes. The loan against fixed deposit calculator Indian Bank provides:
- EMI calculation for regular payments
- OD mode for flexible withdrawals
- Interest rates from 8.5% per annum
- Loan up to 90% of FD value
🔄 EMI vs OD Mode
EMI Mode
- Fixed monthly installments
- Includes principal and interest
- Gradual reduction of loan balance
- Structured repayment schedule
- Lower total interest for shorter tenures
OD Mode
- Pay only interest monthly
- Principal repaid at maturity
- Flexible fund access
- Lower monthly payments
- Ideal for short-term needs
🧮 How is EMI Calculated?
The loan against FD calculator EMI uses the standard EMI formula:
EMI = (P × r × (1 + r)^n) / ((1 + r)^n - 1)
Where:
P = Loan Amount
r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
n = Loan Tenure in Months
💡 OD Against FD Calculator
The OD against FD calculator helps you calculate monthly interest payments for overdraft mode. In OD mode:
- You pay only interest monthly
- Principal amount remains unchanged
- Principal is repaid at the end of OD period
- Monthly interest = Loan Amount × Monthly Interest Rate
- Total interest = Monthly Interest × Number of Months
The OD against FD calculator SBI and other banks help you understand the monthly interest burden and plan accordingly.
📊 Understanding Your Results
EMI / Monthly Interest
Your fixed monthly payment. In EMI mode, it includes both principal and interest. In OD mode, it's only the interest payment.
Total Interest Payable
The total interest you'll pay over the entire loan period. This is a key factor in choosing between EMI and OD modes.
Total Payment
The sum of your loan principal and total interest. It represents the complete amount you'll pay back.
Payment Schedule
The schedule shows each monthly payment breakdown, displaying principal vs. interest allocation and remaining balance.
💡 Tips for Using the Calculator
- Select your bank to get default interest rates and loan-to-FD ratios
- Enter your FD amount to see maximum loan eligibility
- Choose between EMI and OD modes based on your needs
- Compare different loan amounts and tenures
- Review the payment schedule to understand repayment structure
- EMI mode is better for structured repayment
- OD mode is ideal for flexible fund access
- Shorter tenures result in lower total interest
- Your FD continues to earn interest while you use the loan
- Actual rates may vary based on bank policies and market conditions
📊 Benefits of Using Our Calculator
- • Calculate EMI or OD interest for all major Indian banks
- • Support for SBI, HDFC, ICICI, PNB, BOB, Federal Bank, Axis Bank, BOI, Kotak Mahindra Bank, and Indian Bank
- • Compare EMI and OD modes
- • Complete amortization schedule with monthly breakdown
- • Visual representation of interest vs principal ratio
- • Free to use with no registration required
- • Works on all devices and browsers
- • Perfect for loan against FD calculator India
🧠 Final Thoughts
A loan against FD is an excellent way to access funds without breaking your fixed deposit. The loan against FD calculator helps you understand the cost and choose the best repayment option. Whether you need funds for personal expenses, business needs, or emergencies, this calculator provides accurate calculations for all major Indian banks.
Use the loan against FD calculator EMI to plan structured repayments, or the OD against FD calculator for flexible fund access. The loan on FD calculator helps you make informed decisions about leveraging your FD without losing the interest benefits.
Remember to compare rates across different banks and choose the option that best fits your needs. The loan against FD calculator India supports all major banks and helps you understand the complete cost of borrowing. Whether you choose EMI or OD mode, ensure you can comfortably manage the monthly payments while your FD continues to earn interest.