Emergency loan

upto Rs. 10,000/- (Rupees Ten Thousand only) This loan is imparted to its members for catering their casual and emergent needs so as to provide them an immediate and interim assistance to overcome the casualty and emergency.

Ordinary Loan

upto Rs. 2,00,000/- (Rupees Two Lacs Only) against personal sureties of members. This loan facility is available for members to meet their regular and ordinary needs of life. The productive purposes get preference over social, religious or other purposes. These loans are granted subject to maximum credit limit of applicant members and considering eligibility and reliability of their surety members. Generally, these loans are granted upto ten times of share money subscribed by the applicant members or their maximum credit limit whichever is less or as per direction of the managing committee. 

Secured Loan

upto Rs 5,00,000/- (Rupees Five Lacs Only)

These loans are granted to selected reliable and credit worthy members against security of mortgage of property/ hypothecation of vehicle/pledge of gold jewelry. These loans are granted upto a maximum of 75% of the value of article of security or Rs:5,00,000/- whichever is lesser at a time to a member. Secured Loans are also granted upto 80% of amount deposited with the society in any of the term deposit schemes in the society.

 Cash Credit Loan

This facility is available to only most credit worthy and reliable members on fully secured basis against collateral security and reliable permanent sureties.

 Interest on Loan

1- Rate of interest of Emergency loan is 18% P.A.

2-Rate of interest on Loan against deposits in society is 2% Extra on the rate of  interest paid on the deposit concern.

3-Rate of interest on all other loans is 18% P.A.

4-Interest on Loans is charged  on monthly reducing balance.

5-Interest for first month is calculated from the date of sanction of the Loan.