Emergency Loan - Max. up to Rs. 25,000/-


INTEREST - 15% p.a. (1.25% p.m.) Reducing Balance


CONDITIONS

  • Must be a Member of the Society.
  • Share Money and Compulsory Deposit (CD) shall be min. Rs. 5000/- each deposited into the account of the member.
  • 1 Guarantor (Guarantor shall be the existing member of the society and should not be a defaulter)


LOAN TENURE & CHARGES

  • Loan Tenure will be max. of 12 months (1 year)
  • Non-payment of the instalment on Due date will incur 3% penalty interest extra to the member.
  • Loan processing charges shall be applicable.


DOCUMENTS REQUIRED

  • Photo Id Proof (Any like: Voter ID Card, Aadhar Card, Pan Card etc.)
  • Address Proof : (Compulsory)(Water/Electricity Bill, etc.)
  • Rent Agreement (In case of Tenant and Electricity/Water Bill of the Landlord)
  • 1 Latest Passport Size Photo
  • 1 A / c Payee Cheque (CTS Cheque)