LOANS

Surety Loan:

The maximum amount of loan is Rs.10,50,000/- or 30 times of the Gross Salary whichever is less. It is recoverable in 125 monthly installments at the discretion of the Board. Within the maximum loan limit, the Board shall frame guidelines of sanctioning loan to member according to the length of the individual member’s service, membership in the society, carry home salary etc.. It is the responsibility of the member to furnish eligible sureties for availing the loan.

Festival Loan:

The maximum amount of loan is Rs.75,000/-. It is recoverable in 75 monthly installments .

Education Loan:

The maximum amount of loan is Rs.1,25,000/-. It is recoverable in 125 monthly installments

Salary Loan:

The maximum amount of Loan is Rs.2,000/-. It is recoverable in 4 monthly installments.

The members can Login to view his/her Loan Ledger folio. The Loan payment can be made by NEFT/RTGS or by Cheque.