Eligibility & Conditions for different loans of the Society :-
(With effect from 01 October 2026)
Important Note : Maximum total loan amount will depend on the minimum net salary of Rs 5000/- after deducting EMI of applied loans.
Eligibility: One completed year of membership. Amount of loan: Rs. 2,00,000/- per completed year of membership or Rs. 6,00,000/- (maximum) on completing 3 years of membership.
Two sureties (Society members) required if the loan amount is up to Rs.One Lakh only and three sureties (Society members) required if the loan amount is more than Rs. One Lakh.
Eligibility for second loan: After repayment of 25% of existing loan.
Documents to be submitted with loan application form: Copy of latest salary payslip of the borrower.
LOAN CALCULATOR
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Up to 4 completed years of membership : Rs. 2,50,000/- per completed year of membership
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After completion of 5 years of membership : 40 times of basic pay + D.A or Rs.20,00,000/- whichever is less.
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Two sureties (Society members) required if the loan amount is up to One Lakh and three sureties (Society members) required if the loan amount is more than Rs. One Lakh.
Eligibility for second loan: After repayment of 25% of existing loan.
Documents to be submitted with loan application form : Copy of latest salary payslip of the borrower.
LOAN CALCULATOR
- Rs. 500000/- After the first deduction of subscription through salary after becoming a member.
- Rs. 1000000/- After completing one year of society membership.
- Two sureties (Society members) required if the loan amount is up to Rs. One Lakh and three sureties (Society members) required if the loan amount is more than Rs. One Lakh.
Eligibility for second loan: After repayment of 25% of existing loan.
Documents to be submitted with loan application form : Copy of latest salary payslip of borrower and sureties, adhesive stamp of Rs.50/-, no quotation required.
LOAN CALCULATOR
Cheque / DD should be in favour of RRCAT EMPLOYEES CO-OPERATIVE CREDIT SOCIETY LIMITED And kindly deposit receipt at the society office and email the copy of receipt to rrceccs@gmail.com
Note: No cash transaction allowed above Rs. 10000/- only and Amount transferred/cheque should be drawn from own account.