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

(Jurisdiction- Mumbai /Navi Mumbai /Raigad /Palghar)

(Reg No. B.O.M/R.S.R/228/1964)

D-1, Ground Floor Goods And Services Tax Bhavan,Balwantsing Dhodi Marg, Mazgaon,Mumbai 400010.

Medium Term Loan

Purpose:

  • Medium Term Loan facility made available to members for getting immediate finance for Religious reason, Education Fees, House Purchase, Repairing, Renovation, Medical,Religious Ceremony, & Vehicles purchase etc.
  • 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.2500000/-
  • 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. 2500000/- 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:-

  • 180 Installments 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.

Note:- The Board of Directors has given right to Gen.Secretary / Secretary/ Jt. Secretary/Treasurer sanction loan on priority basis.