SBIOAMS COOP CREDIT SOCIETY


Intermediate Term Loan

Maximum eligible Amount (Compounded with Quarterly rests) 1,00,000/-

Inerest Rate : 9.25% per annum

Repayment Period/Amount (On all loans 5% is recovered towards Share & 2% as Guarantee Fund) 60 months @ 20.90 pm per thousand


House Repairing & Renovation

Maximum eligible Amount (Compounded with Quarterly rests) 5,00,000/-

Inerest Rate : 9.25% per annum.

Repayment Period/Amount (On all loans 5% is recovered towards Share & 2% as Guarantee Fund) 120 months @ 12.80 pm per thousand.


Renewal of loans

Renewal of loans will be available after liquidation of 40% of previous loan. Fresh loan will be sanctioned on completion of 2 years of membership.