Goods and Services Tax Staff Co-op Credit Society Ltd.

Purpose:

• Loan Term Loan facility made available to members for getting finance for House Purchase,Repairing,Renovation,Medical,Higher Education Fees,Vehical purpose etc.
• The Loan amount will be sanction in monthly meeting of the Board of Directors.
• The Loan Disbursement Timing 1.30 p.m to 3.00 p.m 6th to 15th and 2.30 pm within 6th to 15th and 21st to end of every month

Eligibility:

• • Member can apply for Medium Loan after 6 months complete for membership or after completion of 5 years continuous service in GST Department or will be eligible for Loan as per Gross Salary maximum Limit is Rs.3500000/-

• Maximum 10% of the total loan amount Is required in his/her account as Share+subscription+Bsn For sanctioning of loan.

Document Required:-

• Duly filled Loan application form with 2 Guarantors

• Self attested pay slip of current month

• Self attested Department ID Card zerox copy.

• Self attested Zerox copy of current month Pay slip and Department I D Card of Guarantors.

Limit:

• Maximum Loan Limit Rs. 3500000/- lakhs as per GR of DDR.

• The total deduction should not be exceeds 70% of the gross salary ( including proposed instalment )

Rate of Interest:-

• 10.00 % P.a.

Repayment Period:-

• 200 Instalments On EMI Basis (Principal + Inertest)

Renewal:-

• Loan renewal facility is availed after regular 20%instalments from salary or 25% amount of Taken Loan.

Guarantor:-

• 2 Guarantor of same salary earned.