Emergency Loan (EGL)

Eligibility Condition
Emergency Loan is granted subject to the following conditions:
 

Net Salary	Loan Amount
Rs. 7,500/- to Rs.10,000/-	Rs.25,000/-
Rs. 10,001/- to Rs.12,500/-	Rs.35,000/-
Rs. 12,501/- to Rs 15,000/-	Rs.50,000/-
Rs. 15,001/- to Rs 20,000/-	Rs.65,000/-
Rs. 20,001/- to Rs 25,000/-	Rs.1,00,000/-
Above Rs.25,000/-	Rs.1,50,000/-

Period of Loan :   25 Months

Interest Rate :      10%

Society reserves the right to change the rate of interest from time to time.

Recovery Mode
Principal plus Interest will be recovered from the Salary.

Foreclosure
The foreclosure of the Loan can be made at any time, by way of  NEFT/Cheque/Demand Draft.
No foreclosure charges are charged.

Suerties
No Surety is required.
The Loan Application Form is to be attested by an Officer of the same office and a copy of the Salary Sheet of last month is to be attached.