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Loans

Download the Following Forms to Apply for a Loan

Distress loan

Distress loan

Loans are of two types.

If the period of membership is less than one year, up to Rs. 15,000/-
Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
Less than a year - - 15000.00 10 1500.00 09.6% Cannot be renewed Salary particulars of the most recent month Throughout the year
If membership is over a year, Rs. From 20000 / - to Rs. 150000 / -
Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To  
over a year 1000 4499 20000.00 13 1539.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 4500 7499 35000.00 17 2059.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 7500 10499 50000.00 20 2500.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 10500 13499 65000.00 22 2955.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 13500 17499 80000.00 27 2963.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 17500 21249 90000.00 30 3000.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 21250 26249 105000.00 35 3000.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 26250 29999 125000.00 40 3125.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 30000 39999 140000.00 40 3500,00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year
over a year 40000 or more 150000.00 40 3750.00 9.6% Can be renewed once every three months.. Salary particulars of the most recent month. Throughout the year

 

 

personal loan (Marriage,Education and Medical purpose)

personal loan (Marriage,Education and Medical purpose)

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
Over than one month - - 200000.00 40 5000.00 12% Can be renewed Salary particulars of the most recent month and related documents Throughout the year

 

 

Festival Loan

Festival Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
After receiving three months submissions - - 35000.00 10 3500.00 9.6% Can be renewed once every three months. Salary particulars of the most recent month. Throughout the year
After receiving four months submissions     42000.00 12 3500.00 9.6% Can be renewed once every three months. "  
5 years  above     50400.00 14 3600.00 9.6% Can be renewed once every three months. "  
Year end Loan

Year end Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
After receiving first month submissions - - 20000.00 10 2000.00 12% Can not be renewed. Salary particulars of the most recent month. December
Pensioners’ Loan

Pensioners’ Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
After receiving first month submissions - - 20000.00 32 625.00 9.6% Can be renewed once every three months. - Throughout the year
Furniture Loan

Furniture Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
More than 3 years - - 50000.00 25 2500.00  9.6% Can not be renewed. Salary particulars of the most recent month. Throughout the year
                   

 

Special Loan

Special Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
More than one year - - 20000.00 20 1000.00   9.6% Can not be renewed. Salary particulars of the most recent month. Throughout the year
Funeral Loan

Funeral Loan

For the spouse and unmarried children of the member
Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
Period of membership not relevant - - 15000.00 10 1500.00 0% Can not be renewed. Salary particulars of the most recent month. Within 6 months of the death
                The death certificate of the deceased, documents to prove relationship (for the parents of the member)  
For the Parents of the member
Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
Period of membership not relevant - - 10000.00 10 1000.00 0% Can not be renewed. Salary particulars of the most recent month. Within 3 months of the death
                The certificate of death of the deceased, documents to prove relationship, For the parents of the member.  
For the Parents of the spouse
Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
Period of membership not relevant - - 50000.00 20 2500.00 7% Can not be renewed. Salary particulars of the most recent month. Within 3 months of the death.
                The certificate of death of the deceased, documents to prove relationship,  For the parents of the spouse.  

 

Maternity Loan

Maternity Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
More than a month - - 15000.00 15 1000.00 0% Cannot be renewed. Salary particulars of most recent month. If the loan is obtained prior to the delivery documents to confirm the date of birth and if obtained after the delivery, the birth certificate of the child. 3 months prior to or after 3 months of pregnancy.
Maternity Loan

Maternity Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
More than a month - - 50000.00 20 2500.00 9.6% Cannot be renewed. Salary particulars of most recent month. If the loan is obtained prior to the delivery documents to confirm the date of birth and if obtained after the delivery, the birth certificate of the child. 3 months prior to or after 3 months of pregnancy.
Dambadiva Pilgrimage Loan

Dambadiva Pilgrimage Loan

Period of Membership Balance in savings Amount that can be obtained as loan No of installments loan to be recovered Amount of single installment Interest rate Renewability Documents required When loan is granted
From To
After receiving first month submissions - - 200000.00 40 5000.00 9.6% Cannot be renewed. salary particulars of the most recent month, Granted only for the pilgrimage organized by the Association. Loan is also granted for family members participating in the tour.

February, March or August ,September