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Title Norms
Purpose Any purpose, including consumption purpose
Loan Limit Rs. 10,00,000
Rate of Interest (p.a.) 12.75%
Penal Interest 2% extra for the default amount
Eligibility A/D Class Membership required.
Repayment Period One Year, and can be renewed thereafter up to 3 years.
Repayment Mode Interest Repayment is Quarterly.
Documents Required Security Documents
Security Personal Surety : Maximum Rs. 50,000 Employee Surety : Maximum Rs. 3,00,000 Property : Maximum Rs.10,00,000