| Duration |
Monthly |
Quarterly |
Yearly |
| Less than 6 month |
- |
- |
7% |
| 6 months |
6.5% |
7.25% |
7.5% |
| 1 year |
9.5% |
9.75% |
10% |
| 2 years |
10.00% |
10.25% |
10.50% |
| 3 years |
10.50% |
10.75% |
11%c |
| 4 years |
11% |
11.25% |
11.50% |
| 5 years |
11.5% |
11.75% |
12% |
|
Interest for loan / investment scheme
As per the demand of the market, NMC has been providing loan to its needy customers under different titles. Currently available titles with this Co-Operative are as follows with its rate of lending.
Rate Of Interest
|
| Loan Title |
Under Diminishing System |
under Flat System |
| Home Loan |
15% |
- |
| Education Loan |
15% |
- |
| Business Loan |
15% |
- |
| Consortium guarantee loan |
- |
15% |
| Agricultural loan |
15% |
- |
| Fixed receipt collateral loan |
15% |
- |
| Hire purchase loan |
15% |
- |
|
