MTNL Emp. Co-operative T&C Society Limited


CO-OPERATIVE T&C SOCIETY LTD.

 
 
     
 

LOAN

 
 

Loan Limits

Society provides two types of loan:

(a) Regular Loan   (Limit of Regular loan 05 Lakhs.)
(b) Emergency Loan.  (Upto Rs. 1,00,000/-).

The Interest rate of both loans is 10% P.A. on reducing balance.

Regular and Emergency loan limit were increased gradually as shown below:

Year

Regular Loan
(Rs.)

Emergency Loan
(Rs.)

1970

500 to 1500

100 to 500

1975

1500 to 3000

100 to 500

1980

3000 to 5000

100 to 500

1983

5000 to 7000

100 to 500

1987

7000 to 10000

500 to 1000

1991

10000 to 15000

500 to 1000

1995

15000 to 25000

1000 to 2000

1998

 25000 to 50000

2000 to 5000

2000

  50000 to 100000

5000 to 10000

2005

  50000 to 100000

10000 to 20000

2009

100000 to 150000

10000 to 20000

2010

150000 to 250000

20000 to 30000

2014

250000

30000 to 50000

2015

  250000 to 300000

50000

2016

300000 to 400000

50000

2018

400000

50000

Rate of Interest on Loan 12% (Reducing) and Rate of Dividend 10% pay to members. Society to Introduced Insurance of members to cover the risk of Loans

-No Loan application are pending for Payment
 
     
 
 

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