MOTHER DAIRY EMPLOYEE'S CO-OPERATIVE (URBAN)

Regular Term Loan :

3 Lakhs@10%pa (effect from 1.11.2019)

The member after completion of 1 year of Membership with the society from the date of joining in the society is eligible to apply.  Firstly, Long Term Preliminary application shall be submitted after due process to the Office Bearers. As per the priority in the waiting list number the loan will be sanctioned

Eligibilty:

• Maximum of Rs. 3 Lakhs would be given for a for Maximum period is 80 months or actual service left for borrower whichever is less. Interest rate 10 %.
• Amount shall be deducted through his salary from the employer and direct payment will not be entertained every month. Anytime members can pay part amount to the society and EMI remain the same / change and loan will be closed due / before the period. 
• Interest portion will get reduced for the amount actually paid. The loan will be sanctioned depending upon the fund position of the society.

Express Term Loan :

2 Lakhs@10.5%pa (effect from 1.11.2019) 

The member after completion of 1 year of Membership with the society from the date of joining in the society is eligible to apply.  Firstly, Long Term Preliminary application shall be submitted after due process to the Office Bearers. As per the priority in the waiting list number the loan will be sanctioned

Eligibilty:

• Maximum of Rs. 2 Lakhs would be given for a for Maximum period is 50 months or actual service left for borrower whichever is less. Interest rate 10.5 %.
• Amount shall be deducted through his salary from the employer and direct payment will not be entertained every month. Anytime members can pay part amount to the society and EMI remain the same / change and loan will be closed due / before the period. 
• Interest portion will get reduced for the amount actually paid. The loan will be sanctioned depending upon the fund position of the society.

Short Term Loan :

25000 @10%pa (effect from 1.11.2019)

Any member can taken Short Term Loan immediately after joining Society. Application for Short Term Preliminary application shall be submitted after due process to the Office Bearers. As per the priority in the waiting list number the loan will be sanctioned

Eligibilty:

• Maximum of Rs.25000 would be given for a for Maximum period is 10 months or actual service left for borrower whichever is less. Interest rate 10 %.
• Amount shall be deducted through his salary from the employer and direct payment will not be entertained every month.
• The loan will be sanctioned depending upon the fund position of the society.