Our Loan Schemes
Vehicle Loan Loan Amount Up to Rs 10 Lakh Guarantor Two Prepayment Charges NIL Shares @ 2.5% of Loan Security Mortgage New Vehicle to be purchased Documents Loan Application Latest Income Proof PAN Card Address Proof Photograph Quotation of New Vehicle Who can apply? Any Natural & Legal entity * Loans at Sole Discretion of Jagannath Society In this scheme loan is provided upto maximum of 25 lakhs. For purchase of new vehicle, 75% of vehicle’s value is given as loan and for old vehicle, 50% of vehicle’s value as determined by society’s authorized person will be given as loan. Monthly EMI is available at interest rate of 15% for a period of 48 months, 60 months or 84 months. Two eligible guarantors are required.	Housing Loan Loan Amount Maximum 25 Lakhs 85% of agreement price + Stamp Duty Guarantor Two Membership @ 2.5% of Loan Amount Security Register Mortgage of the Property Documents Loan Application Title Report / Property Documents Latest Income Proof PAN Card Address Proof Photograph Who can Apply? Any Individual who is citizen of India In this scheme, we provide maximum loan to convert dreams of applicant’s home into reality considering about personal and business financial capability of applicant and guarantor. Loan is provided at value of 50% of asset value or maximum of 25 lakhs - whichever is more. Monthly EMI is available at interest rate of 15% for a period of 60 months, 84 months or 120 months.
Business Loan Loan of upto 5 Lakhs is provided to Doctors, engineers, advocates and businessman based on valuation of their goods stock, land, machineries and other assets. Monthly EMI is available at interest rate of 15% for a period of 60 months, 72 months or 84 months. Personal Loan Shareholders and members of society are provided personal loan of maximum 1,25,000. Two eligible guarantors are required. Monthly EMI is available at interest rate of 15% for a period of 36 months, 48 months or 60 months. Certificate Loan Shareholders and members of society are eligible to get 80% loan based on market value of National Saving Certificates at interest rate of 15%. We also provide loans on LIC policies. Loan against Term Deposit Shareholders and members are provided 85% loans of their fixed deposits in Jagannath Co-Operative Credit Society. Loan taking person must pay extra 2% to the percent he/she has kept the amount as fixed deposit. Gold Loan Gold loans are provided to shareholders and members to meet their urgent needs upto 5 Lakhs. Monthly EMI is available at interest rate of 12% for a period of 12 months or 24 months. Business & Self Employment Loan To achieve the business that is in our member’s mind, we provide loans for working capital, machinery, raw material for the period of 3 to 5 years at the interest of 15%. Loan limit would be based on the nature of business. Salary Deduction Loan Shareholders and members of society are provided SALARY DEDUCTION LOAN of maximum 5,00,000. Two eligible guarantors are required. Monthly EMI is available at interest rate of 15% for a period of 36 months, 48 months or 60 months.