Loan with a guarantor
Personal Loan
A loan with a guarantor for home needs, weddings, education or business.
Interest rate
15.00%
per year
- Interest rate
- 15%*
- Maximum loan
- ₹1,00,000
- Maximum period
- 60 months (5 years)
- Guarantor
- Required
Members only
Rates can change
Borrow up to ₹1 lakh without pledging property; you only need a guarantor. Instant loan at branch level, repay over up to 5 years. No charges for early repayment.
Who is this for?
- People repairing their home or buying household items
- Families with wedding or religious ceremony expenses
- Parents who need money for school education
- People who need money for a small business
How does it work?
- Become a member and keep regular transactions in your savings / daily deposit account.
- Arrange a guarantor, and apply at the branch with documents of both of you.
- The loan is sanctioned quickly at branch level.
- Pay monthly instalments by daily deposit collection, cheque or ECS. Repay early any time, at no charge.
What can you use it for?
- House repair
- Buying household items
- Weddings and religious ceremonies
- Business needs
- School education
- Other needs
Features & benefits
- Instant loan facility at branch level.
- Minimum service charges.
- No charges for repaying the loan early.
- A guarantor is required.
- Pay instalments through the daily deposit collection agent, by cheque, or by ECS (automatic debit from your bank account).
- Loan limit up to ₹1 lakh.
- Repay over up to 60 months (5 years).
- Interest rate 15%*.
Who can apply
- You must be a member of the society.
- You should have regular transactions in your savings or daily deposit account. This helps the society check your creditworthiness (how reliably you can repay).
- You should be able to repay the loan yourself (regular income).
Documents you need
Keep this list ready
- Recent photos of the borrower and the guarantor.
- Salary slips of the borrower and the guarantor, and their Income Tax Returns (ITR) for the last 3 years, certified by a CA.
- Copies of bank statements / passbooks of the borrower and the guarantor for the last 6 months.
Rate table
Up to 60 months (5 years)
15.00%
Maximum amount₹1,00,000
* Interest rates can change from time to time. · Rates as published on 15 September 2026
Work it out yourself
Enter the amount, rate and period to instantly see what you will receive or what your instalment will be.
= 5 years
Monthly instalment (EMI)
₹2,379
15.00% · 5 years
- Loan amount
- ₹1,00,000
- Total interest
- ₹42,740
- Total repayment
- ₹1,42,740
This is an estimate (interest is worked out monthly on the reducing balance). The actual EMI may differ slightly as per the society's rules. Please confirm at your branch.
Year-by-year repayment
| year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹14,519 | ₹14,029 | ₹85,481 |
| 2 | ₹16,853 | ₹11,695 | ₹68,627 |
| 3 | ₹19,563 | ₹8,985 | ₹49,065 |
| 4 | ₹22,707 | ₹5,841 | ₹26,358 |
| 5 | ₹26,358 | ₹2,190 | ₹0 |
Personal Loan
Enquiry form
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