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Manjari Jain12 Feb 2020

@manjarijain

How to use FDs to Get Car Loan

Availing car loan against FDs are considered as overdraft in the world of Car Finance. It is not considered as loan but rather as collateral which the borrower is using to cover the costs of the loan. Borrower will be at advantage of getting the loan at comparatively higher rate of interest. Lenders usually don't levy any processing fee for sanctioning such loans.