Loans
Jewel Loan
| Period | Rate Per Gram | Interest Rate (P.a. *) |
|---|---|---|
| Upto 12 Months | Rs.4000/- * | 12.6% (Rs.1.05 Paise per month) Simple Interest |
| Above 12 - 15 Months | - | 15.6% (Rs.1.30 Paise per month) Simple Interest |
| Note : Maximum amount granted for a member not exceeding Rs.15,00,000/- (Fifteen Lakhs). | ||
House Mortgage Loans
| Eligibility Criteria for Home Loan |
|---|
| 1. A Share Holder is entitled to obtain Loan on the security of House Property situated within the areas as specified by the board periodically. |
| 2. Loan amount shall not exceed 50% of the Value of the Property offered as security. |
| 3. Maximum Loan amount Rs.5,00,000/- (Five Lakhs). |
| 4. Maximum Period 60 Months. |
| 5. Rate of Interest 15 % p.a. * |
| 6. Rate of Interest changed on such Loans shall be based on the reducing balance method. |
| 7. Condition should be applied. * |
* Subject to change