1. SHORT LOAN :

Members can apply maximum Rs.75,000/- after completion of six month of the society membership. Deduction  of this scheme in maximum 20 monthly installment and the interest rate is @6.2%. This loan can be approve two times in a year under maximum loan amount. 

2. M.T. LOAN :  

Completion of society membership

After one year

Rs.50,000/-

After two year

Rs.1,00,000/-

After three year

Rs.1,50,000/-

After four year

Rs.2,00,000/-

After five year

Rs.2,50,000/-

After six year

Rs.3,00,000/-

   

In case of Daugher's marriage additional Rs.1,00,000/- M.T. Loan shall be granted.

Members can apply as per above cretaria. In this scheme the maximum loan ammount approve as per ten times of gross salry. 

3. EMERGENCY LOAN :

 Members can apply for maximum Rs.75,000/- after completion of one year of the society membership. Deduction of this scheme in maximum 36 monthly instalment and the interest rate is @6.2%. This loan given for home treatment of member, wife and children.This is compulsory to attached the prescription of M.B.B.S. Doctors alongwith the loan application form. This loan may be approve only one time in a year.

 

4. EDUCATION LOAN :

 Provision for Rs.3,00,000/- for admission and tution fee in higher education ( Engineering / M.B.B.S. / M.B.A / M.C.A. ) of one and more children of the member. Deduction of this scheme in maximum 50 monthly installment and the interest rate is @6.2%. 

This is compulsory to attached the selection letter, counceling letter, fee and other expense certificate along with loan application form. 

 If the maximum loan amount not approved for tution fee of the member then provision for approval in the next year of difference of tution fee under maximum loan amount.

5. MEDICAL LOAN : 

 If any casual accident of any member, wife and children then loan for Rs.1,00,000/- may be approve by the society for their hospitalization treatment ( operation ), if the sum insured is maximum than provisional cost under mediclaim scheme. Deduction of this scheme in maximum 50 monthly instalment. If the loan amount not refunded to the society after approval of loan amount upto three month ( after re-imbursement form the company) then from fourth month double interest charged by the society. 

This is compulsory to attached the medical related document and provisional expenses amount, certificated issued by the hospital alongwith loan application form.

 


 

 

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