Health Loan (HEL) Eligibility Condition - General
Any Member can apply for Loans. 
Total of the Term Loans granted to a member shall not exceed 50 times of his Paid-up Share Capital OR 25 times of his Gross Salary OR Rs.20,00,000/- whichever is less.
The Loanee's take-home pay should not fall below 30% of his Net Salary.

HEALTH LOAN to the tune of Rs. 2,00,000/- can be granted  for the following illness:
Bypass Surgery, Leprosy, T.B, Cancer, Transplantation of Kidney, Paralysis, Diabetics & Hospitalisation due to accident or prolonged illness etc.

Period of Loan
The duration of Health Loan is 60 Months.

Interest Rate
At present the interest rate charged is 9.50% on diminishing balance.
Society reserves the right to change the interest rate from time to time.

Suerties
There should be a minimum of Two Sureties. 
Certificate of Mediclaim from the Company is also required.

Recovery Mode
The recovery of Principal plus Interest, i.e., ''per month instalment'' is done from the Salary.

Foreclosure
The foreclosure of the Loan can be made at any time by way of Cheque OR Demand Draft.
No foreclosure charges are levied.