Regular / Personal Loan
Max. Up To Rs. 1,50,000/-
The society provides financial assistance to its members through regular loans, ensuring support for their financial needs as per the following details.
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Interest Rate 15% p.a. (1.25% p.m.) Reducing Balance
- The applicant must be a member of the Society.
- Share Money & Compulsory Deposit (CD) should be 10% each of the total Loan Amount.
- 2 Guarantor (Guarantor shall be the existing member of the society and should not be a defaulter)
- Photo Id Proof (Any like Voter ID Card, Aadhar Card, Pan Card etc.)
- Address Proof (Water/Electricity bill, Compulsory)
- Rent Agreement (In case of Tenant and Electricity/Water Bill of the Landlord)
- 2 Latest Passport Size Photo.
- CTS Cheques (3 Blank Signatured AC Payee Cheques).
- Income Proof (3 Months Payslip / Bank Statement, ITR File / Affidavit)
- 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.
Deposit Schemes
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