LOANS
• Jewel Loans • Surety Loans • Vehicle Loans • Housing Loans
• House Repairs Loans • Business/Mortgage Loans
* Sanction of loans within specified time limit and without any undue delay. Repayments in easy EMIs.
Interest rates for loans
| Jewel loans | Rate of Interest |
|---|---|
| Gold Loan | 11% |
| Only Rs.9/- intrest per one month for Rs.1,000/- Gold Loan upto Rs.5,200/- per one gram | - |
| Personal loans | Rate of Interest |
|---|---|
| For A class members | |
| Loan upto Rs.50,000/- | 15% |
| Above Rs.50,000/- | 16% |
| For other members | |
| Loan upto Rs.50,000/- | 16% |
| Loans above Rs.50,000/- upto Rs.1,00,000/- with regular income/Salary credited to SB a/c. | 16% |
| Vehicle loans | Rate of Interest |
|---|---|
| 2 wheeler vehicle loans | 13% - repayable in maximum 2 years |
| 2nd hand Vehicle, 2 wheeler, Auto, Taxi Less than 5 years old. | 13% - repayable in maximum 2 years |
| Loan for 4 Wheelers | Rate of Interest |
|---|---|
| Members having regular salary income and salary being credited into their SB a/c | 10.50% - repayable in maximum 5 years |
| With salary slip, without credit to SB a/c | 11.50% - repayable in 5 years |
| Heavy vehicles (Bus, Truck, JCB etc) with Collateral security of property | 12.50% - repayable in maximum 7 years |
| Loan for Taxi & Three wheeler | 15% - repayable in 5 years |
| Housing loan | Rate of Interest |
|---|---|
| Only for construction of house (secured by mortgage of house property) | 11.50% - repayable in maximum 15 years |
| Business loan | Rate of Interest |
|---|---|
| Loan upto 1 lac – with copy of RTC | 16% - repayable in 2 years |
| Loan upto 10 lacs – with property as collateral security | 13% - repayable in maximum 7 years |
| Loan above 10 lacs – with property as collateral securit | 14% - repayable in maximum 7 years |
| Education loan | Rate of Interest |
|---|---|
| Professional courses/higher studies Abroad (tuition fees and other admissible fees time, with collateral security of landed property) | 12% - repayable 1 year after completion of course or getting a job, whichever is earlier. |
| Govt. Security loans | Rate of Interest |
|---|---|
| Loans against pledge of NSC, LIC (on Surrender value) | 14% - repayable in 2 years |
| Loan against Fixed Deposit/ RD Loan on Deposits held with Sangha | 2% above the rate offered to deposit |
| Other loan with mortgage of property Short term loan for marriage of children, house repair, medical expenses etc. | 14% - repayable in 5 to 7 years |