Emergency Loan
Emergency Loan – Up to ₹25,000
Dhanyug Co-Operative (U) Thrift & Credit Society Ltd understands that emergencies can strike without warning. Whether it’s a medical expense, urgent repairs, or unforeseen circumstances, our Emergency Loan is designed to provide immediate financial relief of up to ₹25,000.
INTEREST
- 18% p.a. (1.50% p.m.) Reducing Balance
DOCUMENTS REQUIRED
- Photo Id Proof (Any like Voter ID Card, Aadhar Card, Pan Card etc.)
- Address Proof (Water/Electricity bill, Compulsory)
- Rent Agreement (In case of Tenant and Electricity/Water Bill of the Landlord)
- 1 Latest Passport Size Photo.
- 1 A / c Payee Cheque (CTS Cheque)
CONDITIONS
- Must be a Member of the society.
- Share Money and Compulsory Deposit (CD) shall be min. 10% of loan holder each deposited into the account of the member. min. 10% Amount should Be on share money of the guarantor.
- 1 Guarantor (Guarantor shall be the existing member of the society and should not be a defaulter)
LOAN TENURE & CHARGES
- Loan Tenure will be max. of 12 months (1 year)
- Non-payment of the instalment on Due date will incur 3% penalty interest extra to the member.
- Loan processing charges shall be applicable.
Key Features of the Emergency Loan
Quick Approval
The loan is processed swiftly, ensuring funds are disbursed without unnecessary delays.
Loan Amount
Members can avail themselves of loans up to ₹25,000, based on their eligibility and requirements.
Minimal Documentation
The application process is simple and requires only essential documents.
Flexible Repayment Terms
Enjoy convenient repayment options tailored to suit your financial situation.
Competitive Interest Rates
Benefit from affordable interest rates, ensuring minimal financial burden during repayment.
No Hidden Charges
Transparent loan terms with no hidden fees or charges.
Eligibility Criteria
- The applicant must be a member of Dhanyug Co-Operative (U) Thrift & Credit Society Ltd.
- The applicant must have a stable source of income.
- Loan approval is subject to the member’s financial history with the society.
Documents Required for Emergency Loan Application
- Identity Proof: Aadhar Card, PAN Card, or Voter ID.
- Address Proof: Utility bill, driving license, or ration card.
- Income Proof: Salary slips, bank statements, or proof of business income.
- Membership ID: Membership details of the co-operative society.
How to Apply for the Emergency Loan
Visit the Branch
Visit the nearest branch of Dhanyug Co-Operative to inquire about the Emergency Loan.
Submit Application Form
Complete the loan application form with all the necessary details.
Attach Required Documents
Submit the required documents for verification.
Loan Approval
Once your application is approved, the loan amount will be disbursed directly to your bank account or provided as cash, based on your preference.
Repayment Terms
- Flexible repayment tenure ranging from 3 months to 12 months.
- EMI options available for easy monthly repayments.
- Early repayment allowed without additional charges.
Benefits of Dhanyug’s Emergency Loan
Immediate Financial Assistance
Cater to urgent expenses without depleting your savings.
Hassle-Free Process
Quick and easy loan application with minimal formalities.
Trust and Security
Borrow from a trusted institution with transparent terms.
Affordable Solution
Low-interest rates and no hidden charges make this loan an affordable choice.
Situations Covered by the Emergency Loan
- Medical Emergencies: Pay for hospital bills, medications, or treatments.
- Home Repairs: Manage urgent repairs such as plumbing, electrical, or structural issues.
- Educational Needs: Cover immediate school or college fees.
- Unplanned Expenses: Handle unforeseen costs such as travel or equipment replacement.
Why Choose Dhanyug Co-Operative for Emergency Loans?
At Dhanyug Co-Operative (U) Thrift & Credit Society Ltd, we prioritize your needs during emergencies. Our emergency loan services are designed to offer immediate assistance with a smooth process and transparent policies.
Key Highlights
- Speedy disbursement of funds.
- Competitive interest rates.
- Member-centric approach.
- Trusted by countless members for financial solutions.
Frequently Asked Questions (FAQs)
Yes, members with a good repayment history can apply for an emergency loan, subject to approval.
Loan processing is usually completed within 24-48 hours, provided all documents are in order.
Yes, early repayment is allowed without any penalties.
Missing an EMI may attract a penalty. Please contact the society to discuss repayment options in such cases.
Depending on the loan amount and financial history, a guarantor may or may not be required.
Contact Us Today!
Need urgent financial assistance? Apply for an Emergency Loan with Dhanyug Co-Operative now!
- Phone: [+91-8750560254
- Website: [www.dhanyugsociety.com]
Let Dhanyug Co-Operative (U) Thrift & Credit Society Ltd help you overcome financial challenges with ease!