Loan Facilities

Providing affordable and timely credit facilities to empower our members during personal and emergency needs.

Regular Society Loan

A standard credit facility for personal, business, or household needs, repayable in monthly installments as fixed by the Managing Committee.

  • Flexible Repayment: Installments based on loan amount.
  • Security: Requires two member sureties for approval.
  • Transparent Process: Committee-sanctioned approvals.
Download Loan Form

Emergency Loan

Designed for urgent financial requirements with an expedited processing time to support members in critical situations.

Interest Rate 3% / Month
Apply for Emergency Loan

Essential Loan Guidelines

1. Documentation

Obtain full details from the office regarding required documents before submission for immediate approval.

2. Surety Presence

It is mandatory for all sureties to visit the society office in person to execute legal signatures.

3. Interest Period

Interest is charged for the full month on any loan disbursed between the 1st and 31st.

4. Deadlines

Installments by 7th (Cheque) or 10th (Cash). Late payments attract a 3% penalty interest.

5. Default Notices

2 missed installments trigger a notice (₹200). 3 misses lead to legal arbitration at member's expense.

6. Legal Liability

Sureties are 100% legally responsible. Recovery decrees can be issued against sureties if borrower fails to pay.