Godavari Urban Multistate Credit Co.- Op. Society Ltd; Nanded

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Features of Self Help Group

A SHG is a community-based group with 5 to 10 members.It acts as the mutually agreed contribution to the common fund and is used to provide loans to the members.

Tenure is 1 year

Pre-Payment Penalty 2%

ROI 26%

Aspects

Easy Loan Processing.
The motto of every group member should be “saving first – credit later”
Loan limit is Rs. 10,000 to Rs. 50,000.
Maximum loan tenure is 1year.
Pre-Payment Penalty : 2% Penalty charges.

ROI & Handling Charges

Rate of Interest is 26%.
Handling Charges : Half Yearly & Yearly.

Eligibility

Small businesspersons
Age : 18 to 55 years.
Each group should have only one member from one single family.

Documentation & Security

In case of new customer, applicant & guarantors need to open savings / current account
Duly filled form with :
- Income Proof of Applicant & Guarantors
- Residential Proof of Applicant & Guarantors
- PAN Card of Applicant & Guarantors
- KYC of Applicant & Guarantors
Two Acceptable Guarantors.

Share Holdings

Regular Membership fees is Rs. 10 & Share amount @ 10% of loan amount.

Need Help?

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+91 777 5005 777

GODAVARI URBAN MULTISTATE CREDIT CO-OPERATIVE SOCIETY LTD, NANDED is an autonomous association of people united voluntarily to meet their Mutually Social, Economical, Cultural, Professional and Personal Aspirations.