Regular Loan

1. Submission of Regular Loan Application

A member, who wishes to take Loan from the Society, has to apply in the Society’s prescribed set of 'Loan Application Form'. This Form includes Bond Form, Undertaking from Sureties, Letter of Hypothecation, Pre-Receipt and an Authority in favour of the Drawing and Disbursing Officer for Recovery of Loan from Pay Bill. The LAF can be obtained from the Society’s Office. It can also be downloaded from the Society’s website.

2. Procedure for filling up the LAF

Members desirous to apply Loan are requested to adopt following procedure:
1. Go through the LAF very carefully and cautiously.
2. Complete all relevant columns clearly.
3. Put signatures (not initials) on all appropriate places as well as at the right side bottom on each page of the LAF.
4. Produce compulsory three sureties from eligible members. Get the relevant columns filled by them from their own hand-writing. No abbreviations should be used for their concerned Drawing & Disbursing Officer/Pay & Accounts Office.
5. Over-writing, if any, must be attested by the applicant.
6. A Certificate, given below the Salary Certificate (on the last page of the LAF), must be signed by the concerned D&DO, P&AO, AOs, as the case may be.
7. The details of item (s) which are to be purchased, out of the Loan, must be mentioned, indicating their approximate cost.
8. One passport size photo

Details of documents to be attached with the LAF

One self attested copy of each of the following document requires to be attached with RLAF:
1. Income Tax PAN.
2. Office Identity Card.
3. Address Proof i.e. Voters’ ID, latest Electricity/ Landline Phone/Mobile Phone /PNG/Credit Card bill.
4. Latest Pay Slip. (in case of Computer generated pay slip, the same may be attested by a Gazetted Officer.
5. One latest passport size photograph to be pasted at right hand corner of front page.
6. Cancelled Bank Cheque.
7. Six post dated Cheques are mandatory.
8. Copy of Aadhaar Card.

Society has a big role to play in economical development of low class and middle class peoples.