Loan Security Fund


1. Loan security Fund is applicable for all general purpose loan.

2.The member who has contributed to loan security fund and if the expires during his service period, then his balance loan amount not more than Rs.5,00,000/- is eligible for the benefit of Loan Security Fund scheme.

3. The maximum limit of Loan Security Fund is Rs.5,00,000/- only.

4. The premium amount deducted is not refundable on the repayment of said loan.

5. The loan will be secured until the repayment of loan during his service period.

6. The registered nominee of the deceased member have to submit the copy of death certificate in the Society office.

7. The members are hereby requested to register their nominee in the Society record.