Special Loan @ 8% Flat P.A.
Special Loan eligibility and important terms for eligible shareholders
Loan Eligibility
Special Loan eligibility based on CMTD balance
| CMTD Balance | Loan Eligibility |
|---|---|
| Upto ₹40,000/- | ₹3,00,000/- |
| Between ₹40,001/- to ₹60,000/- | ₹4,00,000/- |
| Between ₹60,001/- to ₹80,000/- | ₹5,00,000/- |
| Between ₹80,001/- to ₹2,00,000/- | ₹7,00,000/- |
| Between ₹2,00,001/- to ₹3,50,000/- | ₹8,00,000/- |
| ₹3,50,001/- and above | ₹10,00,000/- |
| Gazetted Officers | ₹15,00,000/- |
Important Loan Conditions
Important eligibility and repayment conditions
For new members, after one CMTD recovery, one year Railway Service and after availing General Loan.
For re-admitted members, after recovery of six months CMTD recoveries and after availing General Loan.
The shareholder must have a minimum of 30% take-home salary.
Number of instalments: 24 / 30 / 36 / 42 / 48 / 54 / 60 / 66 / 72 / 78 / 84
Special Loan is renewable after completion of 18 instalments.
Special Loan can be taken 3 months after total repayment of the loan or his regular loan eligibility, whichever is earlier.
Sureties required: 2 with minimum 12 CMTD recoveries and 2 years Railway Service.
2% will be recovered towards LRF.
Documents to be Enclosed
Self-attested copies of the following documents are required
Borrower Bank Details
Borrower Bank Pass Book with IFSC Code or Cancelled Cheque Xerox (Salary Account) with self-attestation.
Borrower Salary Documents
Borrower's latest 3 months Pay-slips and CCS Passbook Xerox with self-attestation.
Sureties Documents
Both Sureties' latest 1 month Pay-Slip and CCS Passbook Xerox with self-attestation.
Please ensure that all required documents are properly self-attested before submitting the Special Loan application.