A member may be a trader/proprietor/vendor/ and other business persons of this co-operative Society can avail an OD Loan for his business development.
Eligibility:A member must have to run a savings/Current/Daily account in regular basis for a minimum of 6 months and above.
Mortgage: Loan can be given under the mortgage of NSC/KVP/LIC/other Insurances/gold/Land & Building after proper valuation by the office staff and 15% of loan amount can be kept as margin money including 5% share capital and 20% as Fixed Deposit. Guarantor two members including one family member as guarantor.
| Sl.No. | Maximum Limit | Maximum Repayment Period | Maximum Repayment Period |
| 1 | Rs. 1000000/- | 17% (PA) reducing balance (T &C apply) | 1 Year |
Repayment:Loan can be paid by ECS /weekly/monthly/ through Daily Account collected by society Agent.
