Loans
Our Society provides 4 types of loans to its members.
Revised Loan Slabs effective from 01.09.2026 (For all Members)
1. Members will be eligible for Emergency, Special and Utility Loan after 3 months of membership.
2. EMERGENCY LOAN: - Rs. 60,000/- (Sixty Thousand only) for Members having basic below Rs. 40,000/-. Interest will be charged @ 7.00 %. Loan has to be repaid within maximum 30 months. Minimum Installment will be Rs.2000/-. Maximum Monthly Interest will be Rs. 357/-
Rs. 75,000/- (Seventy-five Thousand only) for members having basic above Rs.40,000/-.Interest will be charged @ 7.00 %. Loan has to be repaid within maximum 30 months. Minimum Installment: Rs.2500/-. Maximum Monthly Interest: - Rs. 446/-
3. SPECIAL LOAN: - Rs. 60,000/- (Sixty Thousand only) for Members having basic below Rs. 40,000/-. Interest will be charged @ 6.50 %. Loan has to be repaid within maximum 30 months (Maximum). Minimum Installment will be Rs.2000/-. Maximum Monthly Interest will be Rs. 331/-
Rs. 75,000/- (Seventy-five Thousand only) for members having basic above Rs.40,000/-.Interest will be charged @ 6.50 %. Loan has to be repaid within maximum 30 months (Maximum). Minimum Installment: Rs.2500/-. Maximum Monthly Interest: - Rs. 414/-
4. Members will be eligible for Ordinary loan after 1 year of membership. Only 50% of the maximum eligible loan will be paid after one year of membership.
Maximum Ordinary Loan can be availed after one and half year of membership.
5. FOR ALL MEMBERS :- (Share value Rs.7,000 to 10,000 @ Rs.20/- per share) Full value of Share must be paid up before applying for loan. Minimum 20% of total loan amount availed by a member must be there in his compulsory deposit account.
6. Two Surity signatures are necessary for Emergency and Special Loan each for new members whose compulsory deposit balance is less than Rs,1,50,000/-
| Basic Slab | Ord. Loan @6.25% | Min. Inst. | Max Int | Util Loan @8.00% | Min Inst | Max Int1 | Total Incl Spl and Em Loan |
| 17000-25000 | 90,000.00 | 1,500.00 | 478.00 | 140,000.00 | 2,000.00 | 951.00 | 350,000.00 |
| 25001-40000 | 130,000.00 | 2,200.00 | 690.00 | 200,000.00 | 2,900.00 | 1,359.00 | 450,000.00 |
| 40001-60000 | 140,000.00 | 2,350.00 | 743.00 | 210,000.00 | 3,000.00 | 1,427.00 | 500,000.00 |
| 60001 and Above | 160,000.00 | 2,700.00 | 849.00 | 250,000.00 | 3,600.00 | 1,699.00 | 560,000.00 |
6. FOR ALL MEMBER THOSE COMPULSORY DEPOSIT AVOBE Rs :- 200,000/ - (share value Rs. 5000 to 5500 @ Rs. 20 each share)
| Basic Slab | Ord. Loan @6.25% | Min. Inst. | Max Int | Util Loan @8.00% | Min Inst | Max Int1 | Total Incl Spl and Em Loan |
| 25001-45000 | 140000.00 | 2350.00 | 743.00 | 205000.00 | 2950.00 | 1436.00 | 465000.00 |
| 45001 and Above | 160000.00 | 2700.00 | 849.00 | 235000.00 | 3400.00 | 1647.00 | 515000.00 |
For Officers :- (Share value Rs.7,000 to 10,000 @ Rs.20 per share)
| Basic Slab | Ord. Loan @6.25% | Min. Inst. | Max Int | Util Loan @8.00% | Min Inst | Max Int1 | Total Incl Spl and Em Loan |
| Upto 30000 | 150,000.00 | 2,500.00 | 796.00 | 200,000.00 | 2,900.00 | 1,359.00 | 500,000.00 |
| 30001 and Above | 160,000.00 | 2,700.00 | 849.00 | 250,000.00 | 3,600.00 | 1,699.00 | 560,000.00 |
Members who have compulsory deposit upto Rs.100,000/-
1. Emergency Loan Rs.60,000/- (sixty thousand only) for all members (@7.50% p.a.) payable in maximum 30 months. Minimum installment Rs.2000/- p.m.
2. Special Loan Rs.45,000/- (forty five thousand only) for all members (@6.50% p.a.) payable in maximum 30 months. Minimum installment Rs.1500/- p.m.
3. For N S Grade / T Grade / KPO Grade :- (Share value Rs.7,200 to 8,500 @ Rs.20 each share)
4. For Steel Grade :- (Share value Rs.9,000 to 10,500 @ Rs.20 each share)
| Basic Slab | Ord. Loan @6.25% | Min. Inst. | Max Int | Util Loan @8.00% | Min Inst | Max Int1 | Total Incl Spl and Em Loan |
| 30000-45000 | 130,000.00 | 2,200.00 | 690.00 | 190,000.00 | 2,800.00 | 1,372.00 | 425,000.00 |
| 45001-60000 | 145,000.00 | 2,500.00 | 770.00 | 200,000.00 | 2,900.00 | 1,444.00 | 450,000.00 |
| 60001 and Above | 160,000.00 | 2,700.00 | 849.00 | 235,000.00 | 3,400.00 | 1,697.00 | 500,000.00 |
5. For Officers :- (Share value Rs.8,500 to 10,500 @ Rs.20 each share)
| Basic Slab | Ord. Loan @6.25% | Min. Inst. | Max Int | Util Loan @8.00% | Min Inst | Max Int1 | Total Incl Spl and Em Loan |
| Upto 30000 | 145,000.00 | 2,450.00 | 770.00 | 200,000.00 | 2,900.00 | 1,401.00 | 450,000.00 |
| 30001 and Above | 180,000.00 | 3,000.00 | 955.00 | 265,000.00 | 3,800.00 | 1,857.00 | 550,000.00 |
Loan Type
|
Limit
|
R.O.I.
|
No Of Monthly Installments
|
Min Installment
|
Ordinary
|
1,70,000
|
6.25%
|
60
|
2850
|
Utility
|
2,50,000
|
8.00%
|
70
|
3600
|
Emergency
|
60,000
|
7.50%
|
30
|
2000
|
Special
|
45,000
|
6.50%
|
30
|
1500
|
Members who have compulsory deposit of Rs.150,000/- or more and having basic above Rs.60,000/- will be entitled to a loan of Maximum 5,50,000/-(Maximum shares(550)
Loan Type
|
Limit
|
R.O.I.
|
No Of Montly Installments
|
Min Installment
|
Ordinary
|
1,80,000
|
6.25%
|
60
|
3000
|
Utility
|
2,65,000
|
8.00%
|
70
|
3800
|
Emergency
|
60,000
|
7.50%
|
30
|
2000
|
Special
|
45,000
|
6.50%
|
30
|
1500
|
Members who have compulsory deposit of Rs.200,000/- or more and having basic above Rs.60,000/- will be entitled to a loan of Maximum 6,15,000/-(Maximum shares(350)
Loan Type
|
Limit
|
R.O.I.
|
No Of Monthly Installments
|
Min Installment
|
Ordinary
|
2,00,000
|
6.25%
|
60
|
3350
|
Utility
|
2,95,000
|
8.00%
|
70
|
4250
|
Emergency
|
60,000
|
7.00%
|
30
|
2000
|
Special
|
60,000
|
6.50%
|
30
|
2000
|
Members who have compulsory deposit of Rs.250,000/- or more and having basic above Rs.60,000/- will be entitled to a loan of Maximum 6,65,000/-(Maximum shares(350)
Loan Type
|
Limit
|
R.O.I.
|
No Of Installments
|
Min Installment
|
Ordinary
|
2,10,000
|
6.25%
|
60
|
3500
|
Utility
|
3,35,000
|
8.00%
|
70
|
4800
|
Emergency
|
60,000
|
7.00%
|
30
|
2000
|
Special
|
60,000
|
6.50%
|
30
|
2000
|
Members who have compulsory deposit of Rs.300,000/- or more and having basic above Rs.60,000/- will be entitled to a loan of Maximum 6,80,000/-(Maximum Shares 500)
Loan Type
|
Limit
|
R.O.I.
|
No Of Monthly Installments
|
Min Installment
|
Ordinary
|
2,00,000
|
6.25%
|
60
|
3350
|
Utility
|
3,30,000
|
8.00%
|
70
|
4750
|
Emergency
|
75,000
|
7.00%
|
30
|
2500
|
Special
|
75,000
|
6.50%
|
30
|
2500
|
Members who have compulsory deposit of Rs.3,50,000/- or more and having basic above Rs.60,000/- will be entitled to a loan of Maximum 7,80,000/-(Maximum Shares 500)
Loan Type
|
Limit
|
R.O.I.
|
No Of Monthly Installments
|
Min Installment
|
Ordinary
|
2,45,000
|
6.25%
|
60
|
4100
|
Utility
|
3,85,000
|
8.00%
|
70
|
5500
|
Emergency
|
75,000
|
7.00%
|
30
|
2500
|
Special
|
75,000
|
6.50%
|
30
|
2500
|
Members who have compulsory deposit of Rs.4,00,000/- or more and having basic above Rs.60,000/- will be entitled to a loan of Maximum 8,80,000/-(Maximum Shares 500)
Loan Type
|
Limit
|
R.O.I.
|
No Of Monthly Installments
|
Min Installment
|
Ordinary
|
2,90,000
|
6.25%
|
60
|
4850
|
Utility
|
4,40,000
|
8.00%
|
70
|
6300
|
Emergency
|
75,000
|
7.00%
|
30
|
2500
|
Special
|
75,000
|
6.50%
|
30
|
2500
|
Members who have compulsory deposit of Rs.4,50,000/- or more and having basic above Rs.60,000/- will be entitled to a loan of Maximum 9,50,000/-(Maximum Shares 500)
Loan Type
|
Limit
|
R.O.I.
|
No Of Monthly Installments
|
Min Installment
|
Ordinary
|
3,20,000
|
6.25%
|
60
|
5350
|
Utility
|
4,80,000
|
8.00%
|
70
|
6900
|
Emergency
|
75,000
|
7.00%
|
30
|
2500
|
Special
|
75,000
|
6.50%
|
30
|
2500
|
