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Mid Term
Loan |
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Members can apply for the Medium Term Loan as per
the eligibility mentioned in the table given below – |
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Loan
Amount revised from 1 July 2022 |
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| GROSS SALARY |
LOAN LIMIT |
BOND FRANKING |
SERVICE CHARGE |
| UPTO ` 20,000/- |
` 5,00,000/- |
100 |
200 |
| ` 20,001/- To ` 25,000/- |
` 6,00,000/- |
200 |
200 |
| ` 25,001/- To ` 30,000/- |
` 7,50,000/- |
200 |
200 |
| ` 30,001/- To ` 35,000/- |
` 9,00,000/- |
200 |
200 |
| ` 35,001/- To ` 40,000/- |
` 10,50,000/- |
300 |
200 |
| ` 40,001/- To ` 45,000/- |
` 12,00,000/- |
300 |
200 |
| ` 45,001/- To ` 50,000/- |
` 13,50,000/- |
300 |
200 |
| ` 50,001/- To ` 55,000/- |
` 15,00,000/- |
300 |
500 |
| ` 55,001/- To ` 60,000/- |
` 16,50,000/- |
300 |
500 |
| ` 60,001/- To ` 70,000/- |
` 18,00,000/- |
300 |
500 |
| ` 70,001/- To ` 80,000/- |
` 21,00,000/- |
300 |
500 |
| ` 80,001/- To ` 90,000/- |
` 24,00,000/- |
300 |
500 |
| ` 90,001/- To ` 1,00,000/- |
` 25,00,000/- |
300 |
500 |
| ` 1,00,001/- And Above |
` 30,00,000/- |
300 |
500 |
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Maximum
Installment
240
*
Interest
Rate w.e.f.
01-01-2021*
Interest
rate @
10% for
all
loan.
Interest
rate
Applicable
from
01/01/2021 |
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Midium
Term
Loan
(How To
Apply)
Requirements |
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Rs 100/-
Bond
paper upto
Loan
5,00,000/- |
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Rs 200/-
Bond paper loan
above 5,00,001/- |
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Rs 300/- Bond paper loan above 10,00,001/- |
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3 Sureties Signature required upto 18 Lac |
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4 Sureties Signature required above 18 Lac |
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MT Loan-Rules |
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Repayment within 240 equal
installments
- maximum |
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Deduction through
salary |
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Member
already having loan
from other society
is not eligible for
loan. |
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All loan rate of
int. is @10 % |
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Aatmanirbhar Loan
(Short Term Loan) (w.e.f
01/10/2022) |
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Maximum limit
10,00,000/- |
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ROI 9% p. a. |
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Repayment minimum 6
and maximum 180
instalments. |
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Rs 200/- Bond
paper loan above
5,00,001/- with
One surety
Rs 200/- Bond
paper loan above
7,00,001/- with
Two sureties
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Only one surety
required, that
surety having 40% of
gross salary in
hand. |
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Only Emergency Loan
will be deducted
from Aatmanirbhar
loan. |
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Service charges Rs.
200/- (One time)
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Emergency
Loan |
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If member needs urgent financial help, he can apply
for Emergency Loan as per below given slab |
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| GROSS SALARY |
LOAN LIMIT |
| Gross Salary Upto ` 50,000/- |
` 30,000/- |
| ` 50,001/- To 1,00,000/- |
` 60,000/- |
| ` 1,00,000/- And Above |
` 80,000/- |
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Member
can
apply
maximum
80,000/- |
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Repayment
Should
be
within
12 equal
installment
through
salary |
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Loan
Rate
applicable @
8.5% |
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Service
Charge
`
100/-
(one
time) |
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