Income Tax Loan

Loan can be availed or given to members to fulfil their emergency needs

Maximum Loan Limit :

• > The member can avail maximum limit is Rs. 40,000/-.

Rate of Interest :

• > 12.5 % Per Annum.

Eligibility :

• > Compulsory Saving Account holder of the bank.
• > Should be Member of Bank.

Repayment Term :

• > 40 Instalments.

Documents :

• > Latest salary slip.

Other Conditions :

• > Required share capital 5% and necessary cumulative deposit 10% of the loan amount.