Overdraft against FD

[dearrangaji]

Please koi btayega sbi se fd par overdraft k bare m puri details actually mujhe car rc transfer krni h or car par loan h 2.5 lak ka isliye soch rha hu ki od lekar loan clear krdu… please give me suggestions

 

[krishna1718]

interest rate+ 2% charges plus processing fee around 500 to 1000, you may get 70 to 80 % of fd limit as od depends on bank policy. suppose your bank interest 7% od rate of interest 9% you continue to earn 7% but you need to pay 9-10% including gst to repay od loan indirectly you are losing 3% interest at most check if bank providing car loan less than 10% then go with loan with good cibil you may get least 8.75% interest rate from bank

 

[dearrangaji]

Od ko repay krne ki koi limit hoti h kya

 

[krishna1718]

you have to select tenure 3 or 6 or 12 months or more depends on how much you can repay everymonth only interest is different rest every thing like a loan

 

[dearrangaji]

fd ki maturity date se phle clear krna hoga kya…?

 

[dearrangaji]

fd auto renew ho jati h to kya jb tk fd renew hoti rhegi tb tk kr skte h