I have heard a lot about the Steel Authority of India Employees Co-operative Credit Society Limited and planning to take loan from here want details. Will you please tell what maximum loan amount I can take and also provide details about interest rate also provide contact details?

Steel Authority Of India Employees Cooperative Credit Society Limited was established in 24th August 1963.

Some employees of Transport and Shipping and Central Sales Organisation, Calcutta organised a General Meeting and formed a Co-operative Credit Society under the tiltle 'Hindustan Steel Employees' Co-operative Credit Society Limited'.

Loan details:

(i) A Member shall be sanctioned a loan subject to maximum of Rs.22,00,000.00 (Rupees Twenty Two lakh only) in combination of two loans from Short Term, Intermediate Term and Long Term categories.

(ii) Maximum Amount of Loan Limit:

(a)Short Term Loan - Rs. 6,00,000.00
(b)Intermediate/Long Term Loan - Rs. 17,00,000.00.
(c) Personal Loan - Rs. 2,00,000.00
(d) Festival Loan :-
Slab 1- Rs. 30,000.00
Slab 2- Rs. 30,0001.00 To 50,000.00
Slab 3- Rs. 50,001.00 To 1,00,000

(iii) Rate of Interest :

(a) Short Term/Intermediate Term/Long Term Loan - 10.50% p.a.
(b)Personal Loan - 12% p.a.
(c) Festival Loan:-
Slab 1-Rs.30,000.00- 6% p.a. (on entire amount)
Slab 2-Rs.30,001.00 To Rs.50,000 - 8% p.a. (on entire amount)
Slab 3-Rs.50,001.00 To Rs.1,00,000- 10% p.a. (on entire amount)
(d) Gold Loan - 13% p.a.

Address:

Steel Authority of India Employees Co-operative Credit Society Limited  
Association or Organization
Sail House, 3rd Floor, 50, Jawaharlal Nehru Road
Kolkata, West Bengal 700071
Phone:090070 58555