Palakkad District Police Department
Employees Co-operative Society Ltd. No.P.1021
Class-1
Palakkad District Police Department
Employees Co-operative Society Ltd. No.P.1021
Class-1
Our Loan Schemes
| Sl. No | Name | Limit | Interest Rate | Period | Security |
|---|---|---|---|---|---|
| 1 | Emergency Loan | Rs.100000 | 10% | 20 months | |
| 2 | Education Loan | Rs 30,000 | 8.25% | 10 months | |
| 3 | Festival Loan | Rs. 30000 | 8.5% | 10 months | |
| 4 | Surety Loan | Rs.10,00000 | 10.25% | 10 years | Self salary certificate plus two surety's salary certificate ( mutual loan) |
| 5 | Surety Loan | Rs.5,00,000 | 10.25% | 10 years | Self salary certificate plus one surety's salary certificate ( mutual loan) |
| 6 | Deposit loan | 80% of deposit amount | 1% higher than the given interest rate on FD | ||
| 7 | Recurring Deposit Loan | 75% of the remitted amount of RD | 1% higher than the given interest rate on RD | ||
| 8 | Self Loan | upto Rs. 200000 | 10% | 60 months | Self salary certificate |
| 9 | lap top/AC Loan | up to Rs.50000 | 7% | 25 months | |
MMBS(CHITTY)
The term Members Mutual Benefit Scheme is similar to the KSFE chitty. Started different classes of chitty for different periods- 20 months, 25 months, 30 months and 40 months, for a “SALA Amount “ of Rs. 1.5 lakh, 2 lakh,3 lakh and so on.There is a plan for commencing new MMBS as per the requirements of Members.
| Sl. No | Name | Limit | Interest Rate | Period | Security |
|---|---|---|---|---|---|
| 1 | MMBS(CHITTY) | 1.5 Lakh | 20 months | ||
| 2 | MMBS(CHITTY) | 2 Lakh | 25 months | ||
| 3 | MMBS(CHITTY) | 3 Lakh | 30 months | ||
| 4 | MMBS(CHITTY) | 2 lakh | 40 months |
New Loan schemes
We have a plan to introduce new loan schemes such as Vehicle loan ,Computer loan and the Education loan to the son /daughter of our members , who are aspiring for higher Education like professional courses . Those who are seeking loan for higher education, being faced many hardships in getting loan . we have a dream to provide education loan in an easy way and transparent procedures.
Monday to Saturday (except second Saturday)
10.AM TO 5. PM
Transation time
10.AM TO 4.30 PM
Second Saturday
10AM TO 12 PM
Lunch Time
1.30PM TO 2PM
Palakkad District Police Department Employees Co_operative Society Ltd., No.P .1021,Near DPO , Yakkara Road, PIN: 678014, Palakkad
0491- 2537397
ppsociety@rediffmail.com