Corporate Office

1st floor, Nandwana Mansion,
Lohamandi Corner,
Sansar chandra Road,
Jaipur
Pin Code:- 302001 info@padmavaticooperative.com

Phone :
          
0141-2375136
0141-2365136


CONSUMER LOAN

1. The borrower must be a member of society as a R.D. account holder (1% of loan amount).

2. The loan amount will be up to a maximum of 70% of item cost.

3. The interest will be charged @ 24% (flat) per annum.

4. The loan installments will be paid on monthly basis.  In case of non receipt of monthly installment, penalty interest @ 10% will be charged.

5. The period of loan will be maximum one year.

6. The borrower has to deposit the difference of loan amount and cost of article with society in his/her saving account.

7. In case of nonpayment of total loan amount including interest and penalty interest till due date, an additional interest @ 6% of loan amount will be charged on monthly basis.

8. The borrower will be insured. The premium of insurance will be paid by borrower.