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Phone : 044 2844 5084 / 2844 5422 / 2844 2139
E-Mail : smso@smsonidhi.com

Loan Details

JEWEL LOAN

LENDING AMOUNT Rs.2000/- PER GRAM

RATE OF INTEREST
12 % (upto 3 months)
15 % (above 3 months)


REGISTERED MORTGAGE LOAN (R M LOAN)

RATE OF INTEREST 16 % PER ANNUM (INTEREST CALCULATED ON MONTHLY REST)

DETAILS OF EQUATED MONTHLY INSTALMENT for Rs.1,00,000/- LOAN AMOUNT

  • RS. 1,987/- FOR 7 YEARS LOAN REPAYMENT SCHEME
  • RS. 2,432/- FOR 5 YEARS LOAN REPAYMENT SCHEME

LOAN AMOUNT WILL BE SANCTIONED ON HOUSE PROPERTIES (DWELLING UNITS) ONLY


LOAN WILL BE CONSIDERED ON THE FOLLOWING CONDITIONS

  1. THE PROPERTY SHOULD BE SITUATED IN A GOOD RESIDENTIAL AREA AND EASILY MARKETABLE.
  2. LOAN QUANTUM IS RESTRICTED TO 40 % OF THE MARKET VALUE OF THE PROPERTY SUBJECT TO A MAXIMUM LOAN AMOUNT OF RS. 15 LAKHS
  3. REPAYMENT CAPACITY OF THE BORROWER TO THE SATISFACTION OF THE NIDHI TO BE PRODUCED
  4. LOAN WILL BE CONSIDERED FOR THE FOLLOWING PURPOSE
    • FOR THE IMPROVEMENT OF THE PROPERTY,
    • TO MEET MARRIAGE EXPENSES,
    • TO MEET WARDS EDUCATION EXPENSES,
    • TO MEET MEDICAL EXPENSES,
    • FOR IMPROVEMENT OF THE BORROWERS BUSINESS NEEDS AND TO CLEAR HIGHER COST DEBTS/LOAN OF THE BORROWER

MAXIMUM LOAN AMOUNT OF RS. 15 LAKHS BE CONSIDERED SUBJECT TO OTHER CONDITIONS.

News & Events
coin Balance Sheet of our Nidhi for the year ended 31st March 2016 is uploaded.
Registered & Corporate Office

SMSO Permanent Nidhi Limited,
No 37, Car Street,
Triplicane,
Chennai 600 005.

Phone : 044 2844 5084 / 2844 5422 /
               044 2844 2139
E-Mail : smso1881@gmail.com