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Easy & Transparent Loan Rules

We provide quick, transparent, and low-interest financial assistance to our registered members. Explore our guidelines and calculate your EMI below.

Rules for Obtaining a Loan

  • 1

    Eligibility Period

    A member can apply for a loan only after completing exactly 90 days from the date of obtaining society membership.

  • 2

    Guarantor Structure

    It is the applicant's responsibility to arrange guarantors based on the requested loan amount:

    ₹1,001 to ₹20,000 1 Guarantor
    ₹20,001 to ₹50,000 2 Guarantors
    ₹50,001 to ₹2,00,000 3 Guarantors
  • 3

    Guarantor Requirements

    All guarantors must be registered members of the society. Additionally, all guarantors and the applicant must hold society shares equivalent to at least 10% of the requested loan amount.

  • 4

    Mandatory Deductions

    A deduction of 1% Building Fund and 1% Risk Fund will be applied to every approved loan amount.

Interest Rate

18% P.A.

The interest is calculated strictly on a daily reducing balance method, ensuring fair and lower interest payments as you repay your principal.

  • No Hidden Processing Fees
  • Quick Document Verification
  • Easy EMI Repayment via eNACH

Interactive EMI Calculator

Calculate your estimated monthly installment based on our 18% reducing balance interest rate.

Estimated Monthly EMI

₹2,496

Principal Amount ₹50,000
Total Interest Payable ₹9,904

Ready to Apply for a Loan?

Reach out to our representatives or visit your nearest branch to initiate your paperless loan application process.

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