Personal / Regular Loan
Max. up to Rs. 3,00,000/-
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. 10 % each deposited into the account of the member.
- 2 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)
- Income Proof (3 years ITR, Salary Slip, Affidavit)
- 2 A/c Payee Cheques (CTS Cheques)
- 2 Latest Passport Size Photo.
- Rent Agreement (In case of tenant. Electricity/Water bill of Landlord compulsory)
Loan Tenure & Charges
- Loan Tenure will be max. of 36 months (3 year)
- Non-payment of the instalment on Due date will incur 3% penalty interest extra to the member.
- Processing Charges (3%)