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68th Annual General Body Meeting shall be held on 24.08.2019 @11.00 a.m. at Shalimar Function Hall, Ramkote, Hyderabad.

Loans against Thrift Deposits

How to become Member?

I.

Eligibility:

A member is eligible to avail a loan up to 85% of the Thrift Deposit accumulated against her name.


II
Repayment:

The loan is repayable in 36 monthly installments.


III.
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.


IV.
Purpose:

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.


V.
Renewal:

The Loan can be renewed on repayment of 1/3rd of monthly installments or on closure of the existing loan.


VI.
Application:

Members have to apply for loan by submitting prescribed loan application, duly filling in all required columns.