The society is also Outright loan to members to the tune of Rs.75 lakhs @ 8.50% interest for a maximum period of 20 years.. In this highly competitive field the society is doing commendable service to the members. The procedure involved in sanctioning the housing loans have been simplified to a great extent, and the members are not burdened with any hidden costs as in the case of many banks/financial institutions. The societies EMI for 20 years for one lakh rupees loan @ 8.50% of interest is only Rs.868. When a member of society having housing loan expires, the entire outstanding balance will takeover by the society.