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Ordinary Loan

Ordinary loan scheme has been introduced exclusively for the police credit society members and the loan approval is based on loan prepayment capability of the applicant and the loan distribution decision would be on the discretion of the society directory board. Strictly adhere to sending in all applications in legal sized bond paper. Please make a note that without the above documents application will not be accepted.

Ordinary Loans Criteria

 Amount  No.of months Interest  Surety
 Upto 2,00,000   60  9.5%  
 Up to 06 lakhs  120  9.5%  Self Employment Certificate
 Up to 10 lakhs    120  9.5%  Self + One surety
 Up to 15 lakhs  120  9.5%       Self + Two surety
 Up to 20 lakhs  120  9.5%

 Self + 3 surety

 Employment Certificate Form

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