Loans

A loan advanced against the balance a member holds in a term deposit account.

Limit:

up to 90% of the amount saved

Term:

until the maturity date set for the deposit

Interest:

+3%

For building, repairing or extending a home.

Limit:

Rs 1 crore 50 lakh

Term:

up to 10 years

Interest:

9.99%

For cash crops, vegetable and fruit farming, poultry, fish farming and livestock.

Limit:

Rs 30 lakh

Term:

up to 10 years

Interest:

4%

For religious and social occasions, emergencies, medical treatment, festivals and other unforeseen needs.

Limit:

Rs 15 lakh

Term:

up to 10 years

Interest:

9.99%

For purchasing land, whether for resale or to build fixed property on.

Limit:

Rs 1 crore 50 lakh

Term:

up to 10 years

Interest:

9.99%

Advanced against a member’s savings and share balance, with a second member standing as guarantor.

Interest:

11.99%

For members travelling abroad for employment.

Limit:

Rs 50 lakh

Term:

up to 10 years

Interest:

9.99%

For grocery and retail shops, hotels, training centres, cottage and small industry, factories, and service businesses such as schools, colleges, hospitals and pharmacies.

Limit:

Rs 1 crore 50 lakh

Term:

up to 10 years

Interest:

9.75%

For pursuing higher education.

Limit:

Rs 50 lakh

Term:

up to 10 years

Interest:

9.99%

For purchasing a vehicle for personal or business use.

Limit:

Rs 50 lakh

Term:

up to 10 years

Interest:

9.99%