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Emergency Loan
Max. up to Rs. 20,000/-
Interest
- 18% p.a. (1.5% 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)
Documents Required
- 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)
- 1 Latest Passport Size Photo.
- 1 A / c Payee Cheque (CTS Cheque)
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.
