About Society:

• NIA Educational Institution EMP. Co.Op.Thrift & Credit Society Limited CP. No. 116., is registered as Co-Op. Society under Tamil Nadu Co-Op. Societies act.
• The objective of this Society is to promote the Savings habit of the members.
• And to grant loans to the members for useful purposes at meager interest.

Eligibility :

• Minimum 2 years of continuous service in our institution.
• The staff must take minimum of one share during enrollment. The value of a share is Rs. 100 /-.
• All the member must subscribe either Rs. 250/-, Rs. 500/- or Rs. 1000/- every month to the thrift deposit.

The maximum amount of loan is Rs. 3 Lakhs or 10 times of the take-home salary, whichever is less.
The member and a guarantor should hold minimum of 10% of the required loan amount as shares.

• The loan should be repaid within 24 monthly instalments.
• Monthly repayment will be deduced from the salary.
• There is no prepayment and pre-closure chargers.

Distribution of Profit for the Shares:

Every year dividend will be paid on shares to the members, from the net profit of the society.

Member Ship Form :

Society Member Ship Form : Download

Loan Form :

• Minimum 2 years of continuous service in our institution.
• The staff must take minimum of one share during enrollment. The value of a share is Rs. 100 /-.

Distribution of Profit for the Shares:

All the member must subscribe either Rs. 250/-, Rs. 500/- or Rs. 1000/- every month to the thrift deposit.

Society Loan Form : Download