Regular Loan

Regular Loan

⛁ Personal / Regular Loan -

⯁ 15% p.a. (1.25% p.m.) Reducing Balance

⯁ 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)

⯁ 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 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 (2%)