Daily Loan Scheme
Now you can use your all types of Fixed / Term Deposits to fulfill your financial requirements without having to liquidate it in an hour of need, against the security of your deposits:
In order to access funds at a short interval, one can avail a loan against fixed deposits held with the Shree Lambodar credit & Supply co-op Soc Ltd. While liquidating a deposit prematurely may involve penal charges, personal loans have higher interest rates as they are unsecured. The advantage of taking a loan against fixed deposits is that interest rates on these are usually lower than personal loans since they are secured by the underlying deposit.
- Details
- 1. Available to such worker, who earns daily income.
- 2. Maximum loan amount Rs. 50000/-
- 3. Option for term of loan 3 or 6 months.
- 4. Repayment in easy daily instalments.
Declaration
- Only members can use our products.
- If any person interested in our society product the membership is compulsory.
- Our products are only for those members who are resident of our working area.
- KYM(Know Your Members) documents are compulsory for membership.
- Rules and Regulations are similar for every member.