Hire Purchase Loan

Purpose of Loan

This Loan is provided for purchase of single new household articles like TV, Fridge, Washing Machine, Furniture, Tailoring & Embroidery Machine etc., The sanctioned article should be hipothicated to Society.


Documents to be Submitted for Loan

  • Proforma Invoice of article
  • 2 Surities of Society Members
  • Address Proof
  Duration (Years) Rate of Interest (%) Per Annum Maximum Loan Provided
Purchase of Household Articles 2.5 Years /
30 (months)
14% PA 70% on articles basic price or Rs. 1.5 Lakhs which ever is less