Member must be 6 months old.
Member must submit the following documents:-
- one cheque of Bank account.
- The installment will be monthly payable and non-payment of installment on due date will attract 3% penalty per monthly installment.
- Non-payment of full loan by due date will attract Rs.200 penalty per month.
- The rate of interest on loan will be @ 15% per annum.
- The loan period will be for maximum of 10 months.
Note:- BEFORE APPLING FOR ANY KIND OF LOAN MEMBER SHOULD FULFILL THE FOLLOWING CONDITIONS.
- Share Money sholud be 10% of the loan amount.
- Compulsory Deposit should be 10% of the loan amount.