INTEREST
- 18% p.a. (1.5% p.m.) Reducing Balance
CONDITIONS
- Must be a Member of the society.
- Minimum 6 Months Membership Required.
- Share Money shall be min. 10 % 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, Aadhaar 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 24 months (2 year)
- Non-payment of the instalment on Due date will incur 3% penalty interest extra to the member.
- Processing Charges (1%)
