Travelling Loan


MACO Bank offers Travelling loan to member.

Repayment Period :

  • Not more than 36 EMI's

Share Linkage :

  • 5% of the loan amount in case of unsecured loan

Special Features :

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

TYPES OF LOAN AND RATE OF INTEREST

Types of loan

Loan Limit

Rate of Interest

Installment

Long Term Loan

18 lacs

13%

180

Short Term Loan

90% of TF Balance

11%

60

Emergency Loan

2 lacs

13%

24

Education Loan

1 lacs (concession rate @7%)

14%

50

Education Loan

12 lacs

12%

72

Medical Loan

50 thousand (concession rate @7%)

14

50

Housing Loan

40 lacs

10.50

240

Travelling Loan

5 lacs for foreign tour

2.50 lacs for nation tour

11

11

36

24