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| PERSONAL
SURITY LOAN |
The main
aim in establishing a society is to improve the economic
conditions of its needy members, this can only be achieved
by providing loan to its members on easy terms and at
reasonable markup charges. The markup charged on these
loan ranges from 10% - 13% on diminishing balance
At present, according to Bye Laws Clause No.39, the loan
limit can be increased to Rs.500,000/= but we have restricted
the loan limit to Rs.200,000/=. |
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| LOAN
SLAB (in Rs.) |
SLAB Guaranter Shares Amount Markup Installment Renewal
Required
Required after
1st 2 5000/= 25000.00 10% 1000/= 12
months
2nd 2 10000/= 50000.00 10% 2000/= 12months
3rd 3 15000/= 75000.00 13% 2500/= 20
months
4th 4 20000/= 100000.00 13% 3333/= 20
months
5th 5 30000/= 150000.00 13% 3750/= 25
months
6th 5 40000/= 200000.00 13% 5000/= 25
months |
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| PANELTY |
#
of Default Panelty
1 - 3 No
4 - 6 Last
Loan Taken
7 - 9 75%
of Last Loan
10 - above Share
Money |
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For
Detail Click the link on the right side of the Page
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