Long Term Loan


MACO Bank offers Long Term loans to member.

Loan amount eligible :

  • Maximum of Rs 18,00,000

Guarantors

1) 2 Members for personal guarantors

Repayment Period :

  • Not more than 180 EMI's

Interest :

  • On daily reducing balance method.

Share Linkage :

  • 5% of the loan amount.

Special Features :

  • Interest calculated on daily reducing balance.
  • No prepayment/commitment charge levied.