SURETY LOAN : It is a quick and hassle free source to avail loan for any emergency and at reasonable rate of interest too.
Now members can avail Surety Loan upto Rs.9,00,000/- ( interest @ 8.75 %).
The maximum repaying installments are fixed as 120 months ( Which ever is less ). The loan limit is increased from time to time.
1. COMPLETED SERVICE IN THE BANK |
LOAN AMOUNT ELIGIBLE FOR MEMBERS |
|---|---|
| Within 2years | Rs. 4,50,000 |
| After 6 Months receipt of Initial Loan Amount availed | Rs. 9,00,000 |
2. LOAN ELIGIBILITY CALCULATION |
BASIC PAY + D A x 25 TIMES |
Please note that individual members will be sanctioned loan to the extent of the lower of the above two limits. So too, it will be the lower amount only between the borrower and surety eligibility. ( Borrower and Surety shares should be equal when a loan is sanctioned).
STATE BANK OF INDIA OFFICERS CO-OPERATIVE THIRFT & CREDIT SOCIETY LTD.,
34/9, SECOND LINE BEACH, III FLOOR, S.C.C. ANTHONY PILLAI BHAVAN, POST BOX NO:1831, CHENNAI-600 001.
044 25221913
86087 82057
94452 10785
SBIosociety1975@gmail.com