Highlights
Get access to liquid funds
Get emergency funds
Flexible financing tenures
Competitive pricing
Top features
Feature and benefits
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Get access to liquid funds
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High finance amount up to 90% of the value of your Fixed Deposit or AED 20 Million (whichever is less for FD only with CBD)
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Get emergency funds
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Don’t break your Fixed Deposit, when in a dire situation; take finance against it instead
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Know how much you can get
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Minimum finance amount is AED 200,000
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Financing tenure
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Flexible repayment period up to 48 months
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Competitive pricing
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Competitive pricing starting with minimum of 12 months EIBOR
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Deferment facility
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Up to two installment deferments in a year
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Eligible segments
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All nationalities, salaried or self-employed banking with CBD
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Eligibility criteria
| Finance agains Fixed Deposit | Criteria |
|---|---|
| Age limit | If you are UAE National or Expat aged between 21 and 70 years (at the finance maturity) |
| Minimum account deposit | If you are maintaining account deposit a minimum of AED 225,000 with CBD*. |
Finance against Fixed Deposit
Required documents
- Application form and finance agreement/Murabaha contract
- National ID, valid passport, residence visa and Emirates ID
- Deposit Lien Form
Relevant links
Fees and charges
Click hereFAQs
CBD offers all types of Personal Finance against Salary Transfer or Hypothecation of FD as listed below:
- New Personal Finance
- Top-up of existing Personal Finance
- Buy-out / transfer of Personal Finance from other Bank (with or without topping up the finance amount)
The minimum age requirements is 21 years and maximum age is 70 years at the last installment due date for UAE nationals and expats.
It’s a secured financing against FD henceforth, CBD don’t require any Insurance cover from customer.
You will continue to enjoy receiving same profit on your FD as normal customer. The pricing on your finance facility will apply separately which is not linked with your FD profits.
Yes, you can break your FD subject to settlement of your finance outstanding.
You can avail finance facility with flexible tenure up to 48 months.
You can avail finance facility up to 90% of AED 20 MM (whichever is less) of your fixed deposit.
It’s a hassle free and quick financing solution that doesn’t require transfer/assignment to CBD. Only hypothecation of your Fixed Deposit is require
It a type of financing facility also called as secured lending against pledge of Fixed Deposit to facilitate customer to raise short-term money without breaking a fixed deposit (FD). Under the variant of Personal Finance – secured lending against FD, the customer will enjoy the low profit rate as compared to regular variant of personal finance product which is the main advantage and attraction for the customer
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