Emergency Loan

Emergency Loan

Max. Up To Rs. 20,000/- Society provides financial support instantly in case of urgent needs of member in the form of emergency loan as per the following details

CONDITION

  • 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)
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    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)
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    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.
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    INTEREST

  • 15% p.a. (1.25% p.m.) Reducing Balance
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    Deposit Scheme

    Loan

    Brochures

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