Emergency Loan
Up to ₹25,000/-

About Emergency Loan

The Emergency Loan scheme helps members arrange immediate financial support for urgent requirements without lengthy processing or complex formalities.

This facility is useful for medical emergencies, urgent household expenses, temporary financial shortages, education expenses, travel requirements, and other genuine emergency situations.

The society ensures transparent loan processing, responsible lending practices, proper guarantor verification, and simplified documentation for faster member support.

Eligibility & Conditions

• ✓ Applicant must be an active member of the society.
• ✓ Share Money and CD balance should be minimum ₹5,000 each.
• ✓ One guarantor is mandatory for loan approval.
• ✓ Guarantor must be an existing member and should not be a defaulter.
• ✓ Loan approval depends on verification, repayment capacity, and society rules.
• ✓ Applicant should maintain satisfactory membership conduct.

Documents Required

• 📄 Aadhaar Card / PAN Card / Voter ID
• 🏠 Address Proof – Electricity Bill / Water Bill / Aadhaar
• 🏦 One Account Payee CTS Cheque
• 📷 One Latest Passport Size Photograph
• 📑 Rent Agreement, if applicable
• 📋 Additional documents may be requested during verification process

Emergency Loan Benefits

• ⚡ Quick and simplified processing
• 📅 Flexible repayment up to 12 months
• 🤝 Minimal documentation requirements
• 🔒 Safe and trusted cooperative lending support
• 📱 SMS alerts and digital loan records
• 💳 Transparent EMI repayment structure

Important Note

Emergency Loan sanction is subject to society rules, member eligibility, guarantor verification, document verification, repayment capability, and final management approval.