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Can a loan be obtained from ICICI HFC against the security of the FD?

April 26, 2017FD HFC ICICI loan obtained security

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Can a loan be obtained from ICICI HFC against the security of the FD?

1 Answer

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Yes, loan facility is available at the discretion of ICICI HFC, which can be availed only after three months from the date of deposits and up to 75% of the deposit amount subject to certain terms and conditions. Interest on such loans will be 2% above the deposit rate. Please note that this facility is available only to individuals (other than minors and NRIs) and HUFs.