Other Loan Products

Loans For Other Good Reasons!

Telhio has the right loan for just about any borrowing need you may have.

Debt Consolidation Loan 
This combines all your outstanding monthly obligations (high-interest store charges, credit cards and finance loans) into one low, fixed rate loan with a lower overall monthly payment. You pocket the difference, each and every month!

Note:  If you have difficulty controlling spending habits, or find that you are frequently short of cash each month, then click onto Member Education - Credit Counseling and let Telhio help.

Personal Loan and Line of Credit
Use a Personal Loan or Line of Credit to finance major purchases like computers, appliances, furniture, jewelry or that long awaited vacation.

Telhio offers Personal Closed-end Loans, which provide funds to members for a specified repayment period at a fixed rate. A coupon book is available unless you choose the convenience of automatic deductions.

Personal Open-end Loans from Telhio are usually at a slightly higher interest rate than Closed-end Loans because the term is open. However, the interest rate is still fixed. Once you are approved and given a "credit limit" you can advance or write checks against the "credit limit" up to the approved amount. As you make payments on the amount you borrow, you can reuse the loan over and over again. This is called a "revolving" term loan; you will receive periodic statements with up-to-date information on your loan. Schedule of Minimum Payments.  

Share or Stock Secured Loan 
These are Personal Closed-end or Open-end Loans, which use your existing Share Savings or personal stock as collateral. A Secured Loan is a great way to reestablish credit or provide immediate cash while still maintaining all rights to your stock and its options. Because this type of loan is 100% secured, Telhio offers it at a slightly reduced rate..