Loan is not an ultimate rights but a privilege for our members only.

• After 3 months of becoming a member, members are eligible for taking loans. Loan are provided against the deposit and property as movable / non-movable.
• Minimum number of shares to be purchased is 50.
• The members exceeding the age of 65 years can’t enjoy this privilege.
• The monthly regular amount should be deposited on time up to that date.
• He/she is bonded to agree all newly updated and revised rules, regulation, policies, decisions and interest rate.

Requirements

• Must be the member of SACCOS from the past 3 months having minimum share values of Rs. 5000.00.
• Loan Request form must have to be filled out completely.
• Nominee members must have signed both Request form as well as in Indenture.
• If taking loan through holding lands or buildings, land map, land ownership paper, Receipt of revenue paid as well as Area Trace map must be included.
• Document that proves land details described through relative ward office.
• If the land share is distributed in other members too, the legal acceptance paper must be submitted.
• Members share paper and photocopy of citizenship.
• 1 passport sized photo.