Thrift Deposit Loan (TDL)
This is a facility to take Loan from the Thrift Deposit being maintained at the Society by the Members.
Conditions:
- A minimum balance of Rs.10,000/- in the Thrift Deposit A/c is a pre-requisite
- Loan will be granted upto 90% of the balance in Thrift Deposit A/c
- Option is left to the Members to effect recovery of Principal Loan Amount with number of instalments / waiver of recovery of Principal Loan Amount
- Interest Rate is 9%
Surety not required