Member Cash Credit/ Loan facility

Name of the scheme

Salaried employees, Businessmen, professional self-employed, Traders and Members

Purpose

For Social and Business and House Rearing and renovation

Eligibility

Members, Manufacturing Units, Traders, Service Providers Salaried Employed will be eligible for this scheme.

Rate of Interest

12.00%

Processing fees

Nil

Period of Finance

Maximum 36 Months.

Share linking

 3 % of the loan amount sanctioned

Guarantee

Two guarantor possessing property and also Income tax-payer.

Security

LIC Policy assign as a Co-lateral Security for loan amount More than Rs. 100,000/-

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