PERSONAL LOAN

One is a Personal Loan targeted to meet the requirements of Salaried Individuals.

• Should be a member of the society
• Eligibility: Maximum 5 times of average net salary for salaried class
• 7 times of average net income declared in ITR or 20% of sales declared in GST return for business class
• Loan amount: Maximum Rs.5,00,000 - Tenure: 36 months
• Guarantor: One close relative with minimum assets of Rs 10.00 lacs
• KYC, Residential proof, etc are as usual to identify the applicant and guarantor
• Processing, field verification, and other charges as per rules

These loans are offered to employees of Shops and Business Establishments with minimum staff strength of 10 and come under the preview of the ESI scheme.

• Should be a member of the society
• employees of shops/establishments
• Maximum Rs 50,000.00 - Tenure 12 to 24 months
• Eligibility: Maximum 5 times of average salary
• KYC, Residential proof to identify the applicant and guarantors
• Processing, field verification, and other charges as per rules.