Security Loan

Loan limit to an individual member is Rs. 35,00,000/- with the option for repayment of on monthly reducing basis.
Insurance amount of Rs. 5000.00 per 1 lakh deposited after 25 lakh of loan. (ex. if you get a loan for 35 lakh 50000 thousand is the insurance amount.)
the Equity Monthly Installment. The rate of interest is 09.00%.

The maximum no. of installments for the repayment of the Security Loan is 180 Nos.

Loan applied up to Rs.12,00,000/- Two Surety/Guarantors from existing members are required to stand as sureties for the loan,and Loan applied for above Rs.12,00,000/- up to 35,00,000/- Three Surety/Guarantors from existing members are required to stand as sureties for the loan.

Each member can stand surety for maximum three borrowers.

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