Emergency Loan can be availed on any working day. Emergency Loan application can be submitted from 11.00 a.m. to 3.30 p.m. on Monday to Friday and 11.00 a.m. to 1.30 p.m. on saturday and will be sanctioned and paid on the same day.  
  Maximum Limit of Loan  Rs. 200000/- But his Compulsory Deposit should be equivalent or more. If amount of compulsory deposit is less than Rs.200000/- then Emg. Loan may be sanctioned to compulsory deposit in the range of Rs.100/-. But not less than Rs.1000/-  
  Rate of Interest : 11% p.a.  
  Repayment period : 36 installments (Can be availed thrice in a financial year from 1st April to 31st March.)  
  Renewal:Emergency Loan can be renewed if 10 installments of the loan are recovered. If borrower has paid fully loan balance he/she can avail the said loan on the next working day as per loan rule. Emergency loan can not be availed by members whose loan status is in 12 months NPA.  
  The member has to submit his Emergency Loan application enclosing the current month  payslip with self attested Xerox copy. If the Emergency Loan application is submitted up to 10th of the current month payslip of the month previous month will be accepted.  

The applicant member must retain 1/4th of the gross salary in hand after deducting emergency loan installments andinterest on emergency loan. If the applicant has already availed 90% Housing Loan then 30% of gross salary should be retained (No Add back facility will be given) and in case loanee is member of other society then 25% of gross salary should be retained without add back facility. (If not availed 90% housing loan).



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