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Emergency Loan

home / Emergency Loan

Member must be 6 months old.

Member must submit the following documents:-

  1. one cheque of Bank account.
  2. The installment will be monthly payable and non-payment of installment on due date will attract 3% penalty per monthly installment.
  3. Non-payment of full loan by due date will attract Rs.200 penalty per month.
  4. The rate of interest on loan will be @ 15% per annum.
  5. The loan period will be for maximum of 10 months.

Note:- BEFORE APPLING FOR ANY KIND OF LOAN MEMBER SHOULD FULFILL THE FOLLOWING CONDITIONS.

  1. Share Money sholud be 10% of the loan amount.
  2. Compulsory Deposit should be 10% of the loan amount.