Short Terms Loan

Short Term Loan

At present Society sanction Short term loan to the tune of Rs. 20,000/- at the maximum at rate of 6.5 % interest repayable within 10 (ten) months.

Example:- If a member get 20,000 rupees in10 installment than his cutting as follows:-

•  In first Month principal 2000 and Interest 100 = 2100
• In 2^nd month principal 2000 and Interest 100 = 2100
• …… in last month principal 2000 and interest 100= 2100