Jr Engineers (Telecom) Co-operative Credit Society
Presently we offer four types of loan:
| Type of Loan | Maximum Loan Amount |
Maximun No of installments (Months) |
Locking period | Eligibility | Number of Surities |
| Emergency/Short-term Loan | Rs. 1,05,000/- (wef 01.07.18) | 15 (Fifteen) Monthly installments | 3 Months | Minimum 3 (Three) months membership is required | Two |
| Mid-term/Intermediate Loan | Rs. 2,10,000/- (wef 01.07.18) | 30 (Thirty) Monthly installments | 6 months | Minimum 6 (Six) months membership is required | Three |
| Long-term Loan | Rs.3,60,000/- (wef 01.07.18) |
60 (Sixty) Monthly installments ( wef 01.07.2018) |
1 year | Minimum 1 year 6 months membership is required | Three |
| Special Long-term Loan | Rs. 6,00,000/- (wef 01.07.18) | 60 (Sixty) Monthly installments | 1 year | Minimum 3 (Three) years membership is required | Three |
Other general conditions:
| Interest on loan | 7.2 % |
| Guarantee Fund & Share | 2% (Two percent) Guarantee Fund (Except emergency loan) and 10% (Ten percent) or proportionate Share ( Maximum Share amount is limited to Rs. 48000/-) will be deducted at the time of disbursement of loan |
| Address and service of Surities |
1. Atleast One surity should have permanent address within the state of West Bengal only. 2.Surities are to be in Service till the loan completion of Loanee.
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