Loans & Advances Available To Members


Important Rules for availing Loans and Advances

A. Confirmed employees of IDBI / SIDBI / IDBI Capital Market / IDBI Intech with minimum 6 months continuous membership of the society will be eligible to raise Loans / Advances as follows:

Particulars First Loan Advance for purchase
of household articles
(H. P. Loan)
Special Loan
Limit Rs. 12,00,000/- Rs. 7,00,000/- Rs. 6,00,000/-
Interest 9.00% p.a. 9.25% p.a. 9.50% p.a.
Repayment 120 monthly installments or
date of retirement which is earlier.
96 monthly installments or
date of retirement which is earlier.
84 monthly installments or
date of retirement which is earlier.
Renewal On or after completion of 2 years
from the loan sanctioned date of earlier loan
On or after completion of 2 years
from the loan sanctioned date of earlier loan
On or after completion of 2 years
from the loan sanctioned date of earlier loan



Eligibility for availing loans Maximum Loan eligible (subject to maximum limit of loan)
No. of years membership with society First Loan Advance for purchase of household articles (H. P. Loan) Special Loan
Before 6 months NIL NIL 3 Basic Pays
6 months to 1 year 2 Basic Pays 3 Basic Pays 3 Basic Pays
>1 year to 2 years   4 Basic Pays 4 Basic Pays   4 Basic Pays
>2 years to 3 years   6 Basic Pays 6 Basic Pays   6 Basic Pays
>3 yearsto 4 years 8 Basic Pays 8 Basic Pays 8 Basic Pays
>4 years to 5 years 10 Basic Pays 10 Basic Pays 10 Basic Pays
>5 years to 6 years 12 Basic Pays 12 Basic Pays 12 Basic Pays
>6 years to 8 years 15 Basic Pays 15 Basic Pays 15 Basic Pays
>8 years to 10 years 17 Basic Pays 17 Basic Pays 17 Basic Pays
>10 years & 12 Years 20 Basic Pays 20 Basic Pays 20 Basic Pays
>12 Years & above 25 Basic Pays 25 Basic Pays 25 Basic Pays

B. For all above loan, two sureties who are member of the society and must be confirmed in IDBI / SIDBI / IDBI Capital Market / IDBI Intech. (Their basic pay should at least nearby equal to applicant’s Basic pay & take home pay should be more than Rs. 10,000/-)

C. Recovery of defaulters from the salary of the surety will be commencing from the 4th month from the default of principal borrower.

D. Amount repaid upto 5th of every month will only be considered for interest benefit for the relevant month.

E. For other rules and details on emergency withdrawals, please contact the society office.

F. Interest certificate on LOANS / DEPOSITS will be issued after completion of financial year.