Features of our Loan Scheme:
- He/she should be Member of our Society.
- Loan can be advance to more than one person of the family having regular source of income.
- Individuals who may be employed/self-employed in business having regular income.
- Permanent employee of Central/State/Defense/Police Force/Public or Joint Sector Undertaking/reputed firms/establishments/Professional/Business persons with a proper proof of income.
Purpose of Loan
Extension of existing business.
Construction of independent house/flat.
Purchase of independent house/flat.
Repair/Improvement/Extension/furnishing/renovation of house property.
Repayment of existing housing loan.
For purchase/construction of second property (independent house/flat)
For children Education
For self/children Marriage
Any professional purposes
By EMI or Regular fixed amount of installments..
The maximum repayment period should not exceed 10 years(120 months)
Rate of Interest
11.00% per annum on day-to-day reducing Balance
Other Attractive Features
No prepayment penalty
Loan sanctioned within no time if application and documentation fulfilled as per requirement.
Interest on a monthly reducing balance basis.
Criteria for Loan Sanctioning
Last Month Pay Slip/Income proof at the time of loan sanctioning