Advance Against Deposit

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Advance Against Deposit

Don’t Break Your Deposits, Avail Loans Against Them!

Need funds urgently? Thinking of breaking deposits? Wait! Don't break your deposits rather take loan against them. Avail advance against your deposit online using FedMobile app. You can avail 90% of your balance in your deposit for the remaining period of your deposit or maximum up to 30 months. The interest rate will be your deposit rate + 2%.

How to avail loan against deposit?

Login to the FedMobile app, and tap on ‘Loans’ at the bottom bar of the Home Screen.
Tap on ‘Loan Against Deposit’ and choose Advance Against Deposit (AAD).
Check out the details on the screen and tap on ‘Know more’ to get more information about the scheme.
Select from your deposit accounts and enter the loan amount.
Review the details and enter the MPIN to avail loan.