Loan Against Deposit Of Kbl

Loan Against Deposit Of Kbl

Loan against fixed deposit is a secured loan where you can pledge your deposit as collateral and get a loan in return. In case of a financial emergency such as medical expenses or paying off for marriage, people tend to look out for loans from a lot of sources to meet their needs.

Loan Against Deposit Of Kbl
Interest Rate
Loan Against Deposit Of Kbl
9.85 %
Base Rate
Loan Against Deposit Of Kbl
9.85 %
Total Interest Rate

Last Updated Date: May 17, 2022

Kumari Bank Ltd

Kumari Bank Limited is a commercial bank existing as the fifteenth industrial financial institution of Nepal by beginning its banking operations from Chaitra 21, 2057 B.S (April 03, 2001) with an objective of offering competitive and current banking services financial market. Kumari Bank Limited has acquired Kasthamandap Development Bank, Mahakali Bikas Bank, Kakrebihar Bikas Bank, Paschimanchal Finance. Kumari Bank Limited is currently trading on Nepal Stock Exchange with the symbol KBL. KBL has provided a dividend return of 8.5 percent in the fiscal year 2074/75. Kumari Bank Limited has appointed Kumari Bank Limited as its share registrar. The Bank has been imparting both Domestic and International Visa Debit Card and Credit Card, accessible in all VISA linked ATMs in Nepal and India, presenting extra offerings to the clients thru its 108 ATMs and quite a few POS terminals by exemplifying exact company governance, proactive danger management practices, and most efficient corporate social responsibility. Along with this, the Bank has additionally been presenting today's Mobile Banking, Internet Banking, Viber Banking, and QR PaymentsKumari Bank Limited have been providing wide-range of modern-day banking services through 221 factors of illustration located in a number of urban, semi city section and rural components of the country, with 186 branches, thirteen extension counters and 22 Branchless Banking Units. The bank aims to supply progressive products and offerings to their customers, use these innovative products to reap financial inclusion, and do so by exemplifying exact company governance, proactive danger management practices, and most efficient corporate social responsibility.

Loan Against Deposit Of Kbl


  1. Identification document like Citizenship, Passport
  2. pass port size Photo
  3. Documents certifying current salary (for employee)
  4. Certified Income Statement
  5. Paper of Agreements/contracts (for Fixed Income Groups)

What is a Loan against Fixed Deposit?

Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return. The amount of loan depends on the FD deposit amount. This can go up to 90% – 95% of the deposit amount. During a cash crunch or emergency, people tend to look for loans from a lot of sources. One of those sources can be getting loans against fixed deposits (FD) from banks. This is a time-efficient way of getting a short-term loan. Instead of breaking the FD prematurely, depositors can easily apply for a loan against their FD with the bank. When availing loan against fixed deposit, banks keep customer’s FD as the collateral. This makes the loan thus raised secured. Since it’s a secured loan, interest charged for the same is cut short. In case the loanee is not able to repay the loan amount, the bank can easily procure it from the FD amount. Usually, this amount is settled at the time of maturity.

Who can Apply for a Loan against FD?

  • Loan against fixed deposits is extended to all the fixed deposit holders, be it individual holder or those with joint accounts
  • FD in the name of a minor does not qualify for this facility
  • Investors of a 5-year tax-saving FD cannot apply for this type of loan

Benefits of Loan against FD

  • Lower interest rates compared to other types of loans like a personal loan (0.5% – 2% above the applicable FD rate)
  • No need to break FD and go for premature withdrawal thus suffering a loss of interest on FD
  • No processing fees charged
  • Can be availed against domestic as well as NRI FDs
  • Can be repaid as a lump sum or in installment (not later than FD tenure)

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