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Services Plot Purchase Loan

The society is also providing Plot purchase loan to a member for the purchase of the plot.The loan amount is 40 Lakh @ 9.25 % interest. The societies Plot purchase loan  EMI for 20 years for one lakh rupees loan @ 9.25% of interest is only Rs.916  When a member of society having housing loan expires, the entire outstanding balance will takeover by the society.