1. How much is needed to open an account?

A minimum of Rs 520. Entry fee: Rs 200, Action: Rs 200, 1st deposit: Rs 100, membership card: Rs 10 and Membership charter: Rs 10

2. How much should you save each month?

There is no fixed amount. It depends on your capacity and your plans. But it is important to develop some budgetary discipline and decide on a fixed amount each month. You can also make an additional deposit on top of your monthly savings, and even make several deposits per month, if you have, for example, an unexpected cash flow or a little something left over from the family budget in the middle of the month. But no more than Rs 25,000 per day.

3. After how long can you apply for a loan?

Six months, time to familiarize yourself with how the Credit Union works. For a loan of more than 100,000, the waiting period is twelve months.

4. Can I withdraw my money whenever I want?

Of course, it's your right, but after 6 months membership. But don't be selfish, when you borrow, it is other people's money that you are borrowing, and your money is used to lend to others. The Credit Union operates through mutual support, where member's savings help provide loans to other members. So, if everyone withdrew their money after taking advantage of other people's money, the system would stop working.

5. How long does it take to approve my loan request?

A minimum of one (1) week, but a little longer if, for example, you have defaulted on payments in the past. It’s up to you to show that you deserve our trust. There are also emergency situations where your application may be approved in three days, but with supporting documentation.