Purpose – To provide financial assistance to member and his/her family; Members who is holding a share of Rs.1000/-; Member’s family includes spouse dependent Father /Mother, son (below age of 21 years), unmarried daughter, handicapped /Blind Son /Daughter.
Loan Amount – Member or his /her family in critical illness or major diseases would get loan for actual expenses incurred or Rs.50000 /- which ever is lesser at minimum rate of interest and maximum repayment period; Member or his/her family would get loan up to Rs.15000/ in case of natural calamities i.e. fire, earthquake, cyclones, riots etc.
Rate of Interest – 2% less of Card Rates applicable per annum; Interest will be applied monthly basis on outstanding amount.
Period – Maximum period for repayment is 84 months
Security – personal guarantees, salary undertaking, L.I.C., etc
Guarantor – Two guarantors of well means are required
Documents – Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Proof for reasons as mentioned above.
Guarantor: Photo, Photo I D, Residence proof, Income Proof