- To encourage thrift.
- To encourage co-operation among members.
- To provides other Banking services.
MACO Bank offers Long Term loans to member.
- Loan amount eligible : Max of Rs 18,00,000
- Guarantors :2 Members for personal guarantors
- Repayment Period :Not more than 180 EMI's
- Interest :EMI (Equated) Method
- Share Linkage :5% of the loan amount.
Special Features :
- Interest calculation EMI Method
- No prepayment/commitment charge levied.