Gold Loan

Eligibility

A’ Class and ‘B’ Class members are eligible for availing ‘Easy Gold’ loan


Security

The loan will be issued on the security of gold ornaments


Limit of Assistance

The maximum amount of a loan is fixed as Rs.500000/-


Disbursement

50% of the market value of gold ornaments will be disbursed as loan amount


Duration

The duration of the loan will be 30 days


Interest Rate

The interest rate will be fixed as 12% and it may be changed as per the decision of the director Board from time to time. An additional 2% interest will be charged after the due date