Plan before you apply
Your instalment, worked out the society’s way.
Society loans are repaid through a fixed monthly instalment, plus 8.75% interest charged on the balance still outstanding. So your total monthly payment is highest in the first month and goes down every month after. It is not a fixed EMI.
Choose a loan
After 3 years of membership · up to ₹15,00,000
This is not a fixed EMI. Like the society’s repayment chart, it shows a fixed monthly instalment (the loan divided by the months, rounded up to the next ₹50) plus 8.75% interest on the balance outstanding. Figures are indicative; the final sanction depends on your eligibility and the society’s rules.
As per the society’s repayment chart
- Monthly instalmentदरमहा हप्ता
- ₹5,600
- Interest @ 8.75%first month
- + ₹7,292
- Totalएकूण
- ₹12,892
The monthly instalment of ₹5,600 repays your loan and stays the same. Interest is charged separately on the balance still outstanding, so it goes down every month, and your total payment drops from ₹12,892 in the first month to about ₹3,223 in the last.
- Loan amount
- ₹10,00,000
- Total interest (whole term)
- ₹6,54,681
- Total repaid over the term
- ₹16,54,681
- Repayment period
- 180 months (cleared in 179)
- Interest rate
- 8.75% p.a. on outstanding balance
Includes cover under the Loan Security Fund: a one-time ₹15,000 (1.5%) contribution at disbursal, so the full loan is cleared if anything happens to you.
Reference
The society's published chart
Standard loan slabs by membership and monthly salary, as printed in the 96th Annual Report.
| Monthly salary | Loan available | Repayment period | Monthly instalment | Interest @ 8.75%* | Total |
|---|---|---|---|---|---|
| Emergency loanafter 6 months of membership | |||||
| Up to ₹50,000 | ₹30,000 | 12 months | ₹2,500 | ₹219 | ₹2,719 |
| ₹50,001 – ₹1,00,000 & above | ₹60,000 | 12 months | ₹5,000 | ₹438 | ₹5,438 |
| Short-term loanafter 1 year of membership | |||||
| ₹15,000 | ₹1,00,000 | 40 months | ₹2,500 | ₹729 | ₹3,229 |
| Long-term loanafter 1 year of membership | |||||
| ₹15,000 | ₹2,00,000 | 75 months | ₹2,700 | ₹1,458 | ₹4,158 |
| ₹15,000 | ₹3,00,000 | 75 months | ₹4,000 | ₹2,188 | ₹6,188 |
| ₹15,000 | ₹4,00,000 | 100 months | ₹4,000 | ₹2,917 | ₹6,917 |
| ₹15,000 | ₹5,00,000 | 120 months | ₹4,200 | ₹3,646 | ₹7,846 |
| ₹15,001 – ₹25,000 | ₹6,00,000 | 120 months | ₹5,000 | ₹4,375 | ₹9,375 |
| Special long-term loanafter 3 years of membership | |||||
| ₹15,001 – ₹25,000 | ₹7,00,000 | 150 months | ₹4,700 | ₹5,104 | ₹9,804 |
| ₹15,001 – ₹25,000 | ₹8,00,000 | 150 months | ₹5,350 | ₹5,834 | ₹11,184 |
| ₹25,001 – ₹35,000 & above | ₹9,00,000 | 180 months | ₹5,000 | ₹6,563 | ₹11,563 |
| ₹25,001 – ₹35,000 & above | ₹10,00,000 | 180 months | ₹5,600 | ₹7,292 | ₹12,892 |
| ₹25,001 – ₹35,000 & above | ₹11,00,000 | 180 months | ₹6,150 | ₹8,021 | ₹14,171 |
| ₹25,001 – ₹35,000 & above | ₹12,00,000 | 180 months | ₹6,700 | ₹8,750 | ₹15,450 |
| ₹25,001 – ₹35,000 & above | ₹12,50,000 | 180 months | ₹6,950 | ₹9,115 | ₹16,065 |
| ₹25,001 – ₹35,000 & above | ₹13,00,000 | 210 months | ₹6,200 | ₹9,480 | ₹15,680 |
| ₹25,001 – ₹35,000 & above | ₹14,00,000 | 210 months | ₹6,700 | ₹10,209 | ₹16,909 |
| ₹25,001 – ₹35,000 & above | ₹15,00,000 | 210 months | ₹7,150 | ₹10,938 | ₹18,088 |
* Interest for the first month. The monthly instalment (दरमहा हप्ता) stays the same, while interest at 8.75% is charged on the balance outstanding, so the interest and the total reduce every month. Source: the society’s loan facility and repayment instalment chart (कर्जसुविधा व कर्जपरतफेडीच्या हप्त्याचा तक्ता), 96th Annual Report.
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