Personal / Regular Loan
Maximum up to Rs. 4,00,000/-
RATE OF INTEREST
Interest charged would be 12% p.a. (1% p.m.) on Reducing Balance.
TERMS & CONDITIONS
- Applicant must be a bona-fide member of the society.
- Share Money deposited in the account of the applicant shall be 10 % of the loan amount.
- Sureties required.
| No. of Sureties |
Loan Limit ( Rs.) |
| 3 |
Upto 50,000 |
| 4 |
Above 50,000 upto 1,50,000 |
| 5 |
Above 1,50,000 upto 4,00,000 |
DOCUMENTS REQUIRED
( Sureties shall be the existing member of the society and should not be a defaulter)
- Id Proof ( Voter ID Card/ Aadhar Card ).
- Address Proof.
- Income Proof (1 years ITR / Salary Slip ).
- 1 Latest Passport Size Photo.
LOAN TENURE & CHARGES
- Member can repay the loan amount in maximum 50 monthly installments.
- Non-payment of the installment on Due date shall inccure 3% penal interest.
EMERGENT LOAN
Maximum upto Rs. 30,000
Rate of Interest
Interest charged would be 13% p.a
Terms & Conditions
- Applicant must be a bona-fide member of the society.
- Aggregate of Compulsory deposit and Share Money lying in the account of the applicant shall be more than or equivalent to loan amount.
- No sureties required.
Tenure of Loan & Charges
- Member can repay the loan amount in maximum 24 monthly installments.
- Non-payment of the installment on Due date shall inccure 3% penal interest.