Short Term Loan facility made available to members for getting immediate finance. This loan facility made available immediately between 11.00 a.m to 2.30 p .m at all working days
Eligibility:
Member should be completed 1 month service in Department.
Member should be completed 1 month for membership.
Limit:
Upto 50000/- Gross salary - Rs.30000/-
50001/- to 100000/- Gross salary - Rs.60000/-
Above 100001/- Gross salary - Rs.80000/-
Document Required:-
Duly filled Loan Application Form with 1 witness.
Rate of Interest:-
10.00 % P.a.
Renewal:-
Loan Renewal facility is available after regular 3 instalments recovered from the salary of concerned member.
Note:- The Board of Directors has given right to Gen.Secretary/Secretary/Jt. Secretary/Manager for sanction loan on priority basis.