Max. Up to 75% (On MIS) of the total FD deposits value.
Interest
- 3% more than the rate of interest on which the FD / MIS scheme is taken
Conditions
- Must be a Member of the society.
- Must produce the FD Certificate (in case of Loan against FD).
Documents Required
- Photo ID Proof (Voter ID, Aadhar Card, PAN Card etc.)
- Current residential proof.
- Bank Passbook Photocopy.
- Passport Size Photo (2 Latest).
- 3 CTC cheque.
- ITR/AFFIDAVIT/PAYSLIP
- Rent Agreement & Water / Electricity Bill of Landlord Compulsory (In case of tenant).
Loan Tenure & Charges
- Loan Tenure will be max. of 50 months.
- Non-payment of the installment on Due date will incur 3 % penalty interest extra to the member.
- Loan processing charges shall be applicable.