Housing Loan
Society may issue loan to its members to own a roof over their heads, if not having one at present and if they are able to make the instalment payment promptly.
Emergency Loan
The President, Secretary and Treasurer of the Society have the power to grant emergency loans upto Rs. 30,000/- or 3/4 of CD of the applicant whichever is less, which shall be refunded within 10/15/20 months together with 13% interest per annum. Life members 50% of share money is also considered subject to maximum of Rs. 20,000/-.
Vehicle Loan
Society may give loan for purchase of new or used vehicles upto Rs. 50,000/- or 80% of the value of the vehicle, whichever is less to those members who have completed 1 year of membership and whose payment habit is excellent against 2 sureties. Sureties should be Govt./Undertaking employees and members of the society. Loanee has to insure the vehicle (comprehensive) at his/her own cost from time to time or the society will do it on his/her behalf and the charges will be debited to the member concerned. If the loanee himself/herself insure the vehicle, liability of the society is to be mentioned on the policy and a copy of the policy bond to be submitted to the society as soon as possible.
Consumer Loan
The Society may issue loans for purchasing of consumer items upto Rs. 50,000/- or 80% of the cost whichever is less to those members who have completed 1 year membership and whose payment habit is excellent against 2 surieties. Sources should be Govt./Undertaking employees and members of the society.