Loans
| Long Term Loan | |
|---|---|
| Loan Amount | Rs. 15 Lakhs Maximum |
| Re-payment Period | 180 EMI/ Installment |
| Interest Rate | 10.50% |
| Installment | Rs. 16600 for 180 EMI |
| Short Term Loan | |
|---|---|
| Loan Amount | Rs. 50,000 Maximum |
| Re-payment Period | 36 EMI/ Installment |
| Interest Rate | 10.50% |
| Installment | Rs. 1650 for 36 EMI |
| Emergency Loan | |
|---|---|
| Amount | Rs. 25,000 Maximum |
| Re-payment Period | 20 EMI/ Installment |
| Interest Rate | 24% |
| Installment | Rs. 1550 for 20 EMI |
Loan Eligibility
1. Member whose monthly contribution is Rs. 500/- can avail loan of Rs. 300000/-
2. Member whose monthly contribution is Rs. 1000/- can avail loan of Rs. 500000/-
3. Member whose monthly contribution is Rs. 1500/- can avail loan of Rs. 800000/-
4. Member whose monthly contribution is Rs. 2000/- can avail loan of Rs. 1000000/-
a) To avail loan above 5 Lakhs it is compulsary to contribute Rs.1000/- for atleast 1 year.
4. Member can avail loan on the basis of following criteria:-
a) Members should have completed five years of service in Nestle Ponda factory OR should have completed one year membership in society
b) Incase if member is newly joined it is compulsory to make four regular contributions to avail any type of loan with respect to above criteria
Documents for Long Term Loan
1. Duly filled Application form of loan.
2. Applicant's latest payment slip of previous two months with signature
3. Latest Payment slip of two sureties with signature (member can be surety to maximum two loanee member)
4. Two signed cheques of applicant's salary a/c
5. Member should have saving bank account in Goa State Co-operative Bank Ltd.
6. Photocopies of Aadhaar card & PAN card
Documents for Short Term Loan / Emergency Loan
1. Duly filled application form of loan.
2. Applicant's latest payment slip of previous month with signature.