Fixed Deposit Loan (Loan Against FD)

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The Fixed Deposit Loan Scheme allows members to access instant funds without breaking their Fixed Deposit. By availing a loan of up to 90% of the FD value, members can meet urgent financial needs while their deposit continues to earn interest. This facility offers quick processing, minimal documentation, and affordable interest rates, making it an ideal solution for short-term financial requirements without disturbing long-term savings.

Benefits Interest Rate Eligibility & Loan Details
  • Borrow Without Breaking Your FD: Avail a loan of up to 90% of your Fixed Deposit value while your FD continues to remain active and earn interest.
  • Instant Access to Funds: Enjoy quick loan approval and fast disbursement for urgent financial requirements without liquidating your investment.
  • Retain Your Investment Growth: Continue earning interest on your Fixed Deposit throughout the loan tenure, helping your savings grow uninterrupted.
  • Ideal for Short-Term Needs: Perfect for meeting emergency expenses, business requirements, education costs, medical emergencies, or other temporary financial needs.
  • Competitive Interest Rate: Loan interest is charged at 2% above the applicable Fixed Deposit interest rate.
  • Transparent Loan Terms: Clear interest calculations with no hidden charges.
  • Cost-Effective Borrowing: Borrow against your existing deposit at a lower cost compared to many unsecured loan options.
  • Flexible Repayment: Convenient repayment options allow you to repay the loan according to the agreed terms.
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  • Who Can Apply: Available to eligible members holding an active Fixed Deposit with the society.
  • Loan Amount: Borrow up to 90% of the eligible Fixed Deposit value, subject to society policies.
  • Simple Documentation: Minimal paperwork with a quick and hassle-free loan approval process.
  • Fast Processing: Instant loan sanction and prompt disbursement after verification of the Fixed Deposit.

Contact

  • 3111 West Allegheny Avenue Pennsylvania 19132
  • 1-982-782-5297
    1-982-125-6378
  • support@consultio.com

Brochures

View our 2020 Medical prospectus of brochure for an easy to read guide on all of the services offer.