You need to carry a Membership Number, Self-attested Identification Proof, containing your signature and Address Proof to avail of Personal Loan / deliverable along with a written request through Loan Application and produce the documents.

If you want to change your address / contact details, you need to submit an address change request along with a Self-attested copy of your revised address proof. The Request form for Address Change is available on the Form Centre of Society’s website.

You can take a loan ranging from Rs. 25,000 to Rs. 1,00,000.

Guarantor/s is required compulsorily for Personal Loan. Guarantor is a person who guarantees to pay for someone else’s debt if he or she should default on a loan obligation. Personal Guarantee from person/s of adequate net worth acceptable to the Society.

The basic documentation includes KYC’s like Identity and address proof. Apart from KYC, banking and salary or income documents are required depending upon applicant’s profile along with latest Passport Size Colour Photo.

No, you don’t have to provide any security, collateral as guarantee.

We offer flexible repayment options ranging from 12 to 48 months, depending on the Member’s profile.

You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques or by RTGS/NEFT/IMPS to Society’s Bank Account. You can also pay through ECS or a standing instruction to debit your Bank account with the EMI amount.

You can repay your Personal Loan in any of the following two ways:

Standing Instruction (SI):  This mode can be used if you have an existing Savings, Salary or Current Account with our Bank.  Your EMI amount will be debited automatically on specified due date from the account you specify.

Post Dated Cheques (PDCs)/Security Cheques*** submitted towards loan repayment that have not been encashed, will be retained by the Society till the loan is closed. 

***Security Cheques: You need to issue 15 security cheque for every Equated Monthly Installments (EMI). The amount on each security undated cheque should be equal to the EMIs.

Yes, you can choose to repay your loan anytime after 3(Three) months of taking the loan and after you have paid 3(Three Months) EMIs.

Please note Loan can be foreclosed by issuing a Demand draft / cheque at the branch; kindly note that cash beyond Rs. 20,000/- will not be accepted for loan repayment against part prepayment/ full payment / matured loan closure payment.

Any payment above Rs. 20, 000/- should be made vide Account payee Cheque / Pay order /Demand Draft/RTGS/NEFT/IMPS.

Yes, for Personal loans availed, you can close your Personal loan account in Part after completion of 03(Three) EMIs from Loan disbursement. Part payment is allowed. Note that Part-payments are guided by applicable Terms and conditions from time to time as decided by the Board. For more information, please contact the office.

No additional charges are applicable for closure of or early repayment.

In order to change your address in our records, you may visit the nearest Society’s Office and submit the following documents:

• Request form for Address Change.
• Self Attested copy of your revised address proof along with the original address proof for validation.
• In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents (self attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Valid Driving License or Passport Copy will also need to be provided.

• Self-attested Identification Proof containing your signature.