A member is eligible to avail a loan up to 85% of the Thrift Deposit accumulated against her name.
The loan is repayable in 36 monthly installments.
Rate of Interest:
One percent above the interest paid on Thrift Deposit. The present applicable rate of interest on Loan against Thrift deposit is 9.50% (1% above the present rate of interest being paid on Thrift Deposits i.e., 8.50% ). The interest is charged on diminishing balances, calculated and debited to the respective loan accounts, at the end of every month.
Construction of House or purchase of flat or Repairs/Renovation/Additions to the existing house and/or any other domestic need like Medical / Ceremonial / Consumption.
The Loan can be renewed on repayment of 1/3rd of monthly installments or on closure of the existing loan.
Members have to apply for loan by submitting prescribed loan application, duly filling in all required columns.