Loans

MORTGAGE/HOME LOAN


A home loan can be opted to buy a new house/flat or a plot of land where you construct the house, and even for renovation, extension, and repairs to an existing house



Repayment Period
The repayment period may be fixed up to the maximum of 12-84  months.  Rate of Interest
  • 16 % 

Processing fees
  • 1.30% of Limit sanctioned without any maximum cap.


Documentation
  • documents as per our souharda Norms.

BUSINESS LOAN

For a business on the growth phase with a wide range of opportunities to explore, timely availability of credit is essential to scale new heights. 



Repayment Period
The repayment period may be fixed up to the maximum of 60 months.  Rate of Interest
  • 17 % 

Processing fees
  • 1.50% of Limit sanctioned without any maximum cap.


Documentation
  • Minimum documents as per our souharda Norms.

GOLD LOAN

Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral 


Repayment Period
  • 12Months (upto 1 lakh)
  • 24Months  (above 2 lakh)
Rate of Interest
  • 14 % 

Processing fees
  • 0.50% of Limit sanctioned without any maximum cap.


Documentation
  • Pledge of gold ornaments

Other Charges
  • Valuation charges at actuals

VEHICLE LOAN

This self explanatory scheme helps individuals with a monthly income to avail of loans for purchase of two wheeler. The processing is quick, documentation is simple and rate of interest is low.


Purpose
To avail loan on new vehicle and second hand vehicle
Repayment Period
The repayment period may be fixed up to the maximum of 36 months.  Rate of Interest
  • 16.50 % is for Two Wheelers
  • 16.00% is for more than two wheelers.

Processing fees
  • 1.50% of Limit sanctioned without any maximum cap.
Quantum Of Finance
  • 70% of Valuation of vehicle
  • Maximum loan up to Rs. 10 lakh

Documentation
  • Simple documents as per our souharda Norms.

SALARY LOAN

Cash loan to employed members or currently paying self-employed members as per their salary.

It is intended to meet the short term credit needs of members.



Repayment Period
The repayment period may be fixed up to the maximum of 60 months.  Rate of Interest
  • 17 % 

Processing fees
  • 1.50% of Limit sanctioned without any maximum cap.

Documentation
  • Simple documents as per our souharda Norms.

PERSONAL LOAN

The loan is offered with minimum of conditions and has been designed with a common Members need in mind. The documentation is simple and processing is fast.



Purpose
To purchase consumer durables / house-hold articles, to meet the marriage expenses, other family expenses, etc. 
Repayment Period
The repayment period may be fixed up to the maximum of 24 months.  Rate of Interest
  • 17 % 

Processing fees
  • 1.50% of Limit sanctioned without any maximum cap.

Documentation
  • Simple documents as per our souharda Norms.

GROUP LOAN


his loan helps you to take a loan in a group. (5 women members to a maximum of 10 women members) where each member is equally liable for repayment