A member customer of the Society can avail this Loan against his deposit maximum 85% of the deposit amount.
Eligibility:A member must have a Deposit account Like RD/MIS/RID/DBS/DDS in the society.
Sl.No. | Maximum Limit | Maximum Repayment Period | Maximum Repayment Period |
1 | 85% of Deposit Amount | 2% more from the Deposit interest rate for FD/RD/MIS/RID/JVP/DBS and 10% interest for Daily deposit account Loan. (reducing balance) | - |
Repayment:Loan can be paid by ECS/weekly/Monthly/ through Daily Account collected by society Agent.