Loans
A member is entitled to apply for loans up to Rs. 2.5 million and the maximum payable period is 10 years.
Loan Schemes:
Special Loans
Weekly-Loans
|
Over-drafts (45 days)
|
Pilgrim Loans
|
|
|---|---|---|---|
| Maximum amount | Rs. 20,00.00 |
Rs. 100,000.00 |
Rs. 50,000.00 |
| Settlement period | 07 days |
45 days |
24 months |
| Interest rate | 1.4% per week (7days) |
27% p.a |
10% p.a. |
Collateral:- Two personal guarantees.
Micro Loan schemes
General Micro loans
|
Utility Loans (Water & electricity ser
|
School loans
|
|
|---|---|---|---|
| Maximum amount | Rs. 2,50,000.00 |
Rs. 50,00.00 |
Rs. 10,000.00 |
| Settlement period | 36 months |
24 months |
12 months |
| Interest rate | 17% p.a |
16% p.a |
10% p.a |
Last Update: 2016 Apr 18
