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Services Housing Additional

The society is providing additional loan to all the members to the tune of Rs.7,50000 lakhs @ 7.75% interest for a maximum period of 15 years.. . The societiesadditional loan EMI for 15 years for one lakh rupees loan @ 7.75% of interest is only Rs.941. When a member of society having housing loan expires, the entire outstanding balance will takeover by the society.