Personal loan:
Sometimes situation arise wherein you may need some financial assistance for some personal needs. In such situation our society helps you by giving loan.
Eligibility:
1. He/she should be the member of our society.
2. Compulsory having Saving account in our society.
3. He/she should be employed/ self employed in business having regular income and should have capacity to repay the loan.
Purpose of loan:
1. To meet wedding expenses
2. Renovation or upgradation of property
3. Medical emergency
4. Expansion of business
5. Purchase of household goods
Rate of Interest and repayment of loan:
1. Rate of interest is 15%
2. The loanee should pay the loan within 5 years.
3. Or can be paid through monthly installments.
Criteria for loan Sanctioning:
1. Photo ID proof (Election card/ Driving license/ Voters Id/ Adhar card/ PAN card/ Passport)
2. Residence proof (Ration card/ Telephone bill/ Electricity bill etc.)
3. Application on prescribed form
4. Guarantors details
5. Income proof
Sometimes situation arise wherein you may need some financial assistance for some personal needs. In such situation our society helps you by giving loan.
Eligibility:
1. He/she should be the member of our society.
2. Compulsory having Saving account in our society.
3. He/she should be employed/ self employed in business having regular income and should have capacity to repay the loan.
Purpose of loan:
1. To meet wedding expenses
2. Renovation or upgradation of property
3. Medical emergency
4. Expansion of business
5. Purchase of household goods
Rate of Interest and repayment of loan:
1. Rate of interest is 15%
2. The loanee should pay the loan within 5 years.
3. Or can be paid through monthly installments.
Criteria for loan Sanctioning:
1. Photo ID proof (Election card/ Driving license/ Voters Id/ Adhar card/ PAN card/ Passport)
2. Residence proof (Ration card/ Telephone bill/ Electricity bill etc.)
3. Application on prescribed form
4. Guarantors details
5. Income proof
