This is the another form of loan providing to its members in terms of cooperation for various purposes such as Children’s Marriage, Education, House constructions, Health problems and other Domestic purposes. Details of Ordinary Loan:
- Maximum Loan Limit – Rs.1,50,000/-
- Maximum Tenure of EMI – 80 Months
- Rate of Interest – 18% p.a. (In Reducing Order)
Documents required for Ordinary Loan:
- ID Proof
- Pan Card
- Income Proof
- Passport Size Photo -1
- Account Payee Cheque – 2/3
- Address Proof – Present & Permanent
- Processing of Loan in just 15-days only
- Share Money – 10% of the Approved Loan
- Kalyan Fund – 1% of the Approved Loan (Non-Ref)
- Building Fund – 1% of the Approved Loan (Non-Ref)
- Surety/Guarantor – 2/3 (from existing members only)