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LOAN

Loan Scheme
Scheme
Details
Maximum Limit
ROI (%)
With effect form
Special Loan
16 times of Shares + Subs. OR
30 times of monthly pay OR
Rs.2,40,000/- per completed year of membership
WHICHEVER IS LESS
Two Sureties are required for loan upto Rs.2,00,000/- & thereafter Three Sureties
are required

(To be printed on Legal Size Green Ledger Paper)
22,00,000
  1. Maximum 180 Month Recovery (EMI Rs.12,895/- ) Rs.12 lakhs @10%
    (9.5% + 0.5% Loan protection Fund)
  2. Above 12 lakhs upto 22 lakhs @10.5% for next 10 lakhs (EMI Rs.23,949/-)
05/10/2017
Take home salary should be minimum Rs.7000/-

Note : (The Interest rate will be charged subject to ABR of Society)
Required documents:
  1. Self attested current month’s pay-slip of borrower.
  2. In case of other than BARC unit, Self attested Borrower’s & Self attested Surety’s both side Identity Card Xerox.
  3. Self attested bank details of borrower which can be clearly identified.

Any further information can be obtain from the Society Office .