Short Terms Loan

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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 2nd month principal 2000 and Interest 100 = 2100
  • …… in last month principal 2000 and interest 100= 2100

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