During financial emergencies, instead of liquidating your investments, take a loan against them
Among the most convenient and cheaper options is a loan against bank fixed deposit (FD)
Banks charge interest rates of 1-2.5 per cent above the existing FD rate. Say, if FD is at 7.5 per cent. The bank would offer loan against FD at 8.5-10 per cent
Banks don't check credit scores to lend against FDs, which makes it suitable for borrowers with a low credit score
The documentation is minimum, there is no processing fees, and the FD continues to earn interest even during the.....