is it better to take loan by keeping the FD as it is or break the FD?



I have a requirement of money in lakhs, I have available the money but in the form of FD. So I want to know what is better, to take personnel loan & keep the FD as such or to break the FD?

7 Replies to “is it better to take loan by keeping the FD as it is or break the FD?”

  1. Have the cake and eat the cake!
    Borrow on your FD’s and plan to repay them and redeem it. This way, you would have met your requirements and disciplined to save to redeem the FDs. You would have paid a marginally higher interest but then your savings are in tact.


  2. its depend upon your goal see why you have make FD and if the loan you are taking is for same goal then you can break FD other wise its all depend upon your goals


  3. I feel it is better to greak FD, the rates for the loan will be more than the interset for FD. You will get internet for the period run minus 1 percent.


  4. Borrow on your FD’s and plan to repay them and redeem it. This way, you would have met your requirements and disciplined to save to redeem the FDs. You would have paid a marginally higher interest but then your savings are in tact.


  5. abe sale tere ko hindi samj ata he o dekh niche likha hua
    agar tere pas fd he to use todta kyu he usi par bank se loan le le barabar he or fd ke intrest me se loan ke hapte bhar
    tere fd bhi trahegi or tere loan ke hapte bhi teri fd ke intres me se nikal jayenge. abhi likh kar bhej what an idea gaurav ji?


  6. if you want loan for long then it is better to break your FD and if you want loan for a short term then you take against your FD






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