Every member can approach the society for an emergency loan for meeting their expenses in connection with self treatment / treatment of dependants or any other emergency purpose. Society is giving emergency loan up to Rs. 2,00,000/- with repayment facility in 24 installments. Now the interest rate of emergency loan is 9.5% 36 months.
Society gives an Education loan upto Rs.1,00,000/- once in every financial year with repayment facility in 24 installments. Every member can utilize the loan for meeting the education expenditure of their children. The scheme is very much appreciated by the members. Now the interest rate of Education loan is 9.25%.
Emergency & Education is most popular among the members.
Members can avail an HP Loan up to Rs. 3,00,000/- for purchasing any kind of things with repayment facility in 60 installments. Now the interest rate of Higher Purchase loan is 9.50%.
Society is giving simple loan up to 15 lakhs to eligible members. Members can avail this type of loan for utilizing for the purpose of house building, purchase of land, repair and maintenance of house etc by producing salary recovery certificate issued by the Pay disbursing officer and surety of 3 other members. They will get 120 monthly installments to repay the loan. Now the interest rate of Simple Loan is 9.50%.
Members can avail Marriage Loan up to 3,00,000/- for meeting the expense of marriage of Member, Member's children, brother or sister. Repayment facility in 60 instalments. Interest rate is 9.5 %
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