When you invest in a bank fixed deposit, you can easily get a loan against it without having to break it. This is similar to a personal loan. However, the loan is structured as an overdraft facility against your fixed deposits.
In case of a company deposit, you can borrow after three months of investing. In case of bank deposits, they generally vary from bank to bank.
In times of a financial emergency, having a loan can be relieving. But getting a loan is not easy. However, if you have a fixed deposit, your chances can increase significantly with a loan against FD. So, instead of breaking your FD, consider taking a loan against your fixed deposit
6.50%