Marriage Loan (MRG) Eligibility Condition - General
Any Member can apply for Loan.
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 Slary OR Rs.20,00,000/- whichever is less.
The Loanee's take-home pay should not fall below 30% of his Net Salary.

MARRIAGE LOAN
Loan of Rs.5,00,000/- can be granted to -
a)  a Member for his/her Marriage
b) Marriage of Son/Daughter of the Member

Period of Loan
The duration of the Loan is 36 Months

Interest Rate
At present the interest rate charged is 10% on diminishing balance.
Society reserves the right to change the interest rate from time to time.

Sureties
There should be a minimum of Two Sureties. 
Invitation Card has also to be attached with the Loan Application.

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.