Products
We provide small investments and personalised loans to low and middle income members.
Personal Loans
The Society gives loans of up to Rs. 1,00,000/- to any member who has income by way of salary and has completed 5 years of membership and Rs. 50,000/- to those salaried members who have completed 1 year of membership.
The present rate of interest is 12% per annum. This helps the members to carry out necessary repairs to their houses. The loans are payable in 50 monthly instalments.
Deposits
The Society accepts Thrift deposits like the recurring deposits of banks. The present rate of interest on such deposits is 7% p.a. The deposits are repaid after three years along with interest and cannot be prematurely withdrawn except on resignation. The maximum contribution to this deposit is Rs. 1000/- per month.
Fixed Deposits
Fixed deposits are accepted from members who avail loans from the society subject to a maximum of Rs. 5000/- @ 8% p.a. (present rate).
Gold and Silver Loan
Coming Soon...