Key Terms

• Funding: Up to 75% (On-Road) or up to 80% of quotation*, max ₹40 lakh.
• Tenure: 60 EMIs (private) · 48 EMIs (commercial).
• Interest rate: 12% p.a. (private) · 14% p.a. (commercial).

Features & Benefits

• No prepayment fee for early closure.
• Loan security insurance policy.
• Flexible payment—multiple times a month; EMI facility available.
• Pay installments via Cheque or ECS.

Eligibility

• Applicant must be a member of the organization.
• Demonstrated income sufficiency to repay the loan.
• Two guarantors (landlord members), not from the same family.
• Maximum two loans per member; active savings account transactions required.