Member Cash Credit/ Loan facility
Name of the scheme | Salaried employees, Businessmen, professional self-employed, Traders and Members | |
Purpose | For Social and Business and House Repairing and renovation | |
Eligibility | Members, Manufacturing Units, Traders, Service Providers Salaried Employed will be eligible for this scheme. | |
Processing fees | Nil | |
Period of Finance | Maximum 36 Months. | |
Share linking | 5% of the loan amount sanctioned | |
Guarantee | Two guarantor possessing property and also Income tax-payer. | |
Security | LIC Policy assign as a Co-lateral Security for loan amount More than Rs. 100,000/- | |
Loan amt. Limit | 200000/- Loan
300000/- Cash Credit for Business purpose |