Loans

HOME REPAIR LOAN

Purpose

Construction of own house, purchase of ready possession house, flat, resale flat, takeover of housing loan from other banks or institutions

This program provides loans to very-low income homeowners to repair, improve or modernize their homes or grants to elderly low income homeowners to repair their homes.

Home Repair loans help you finance renovations, updates and repairs that can add value and enjoyment to your home. Many homeowners are seeking finances for home improvements.

A home improvement loan is financing you use to pay for home remodeling or repairs. When you get a home improvement loan, you use the loan funds to pay your contractor or buy supplies to complete the work, then pay the loan off over time. A home improvement loan is helpful if you don't have cash to pay upfront for home improvement expenses.

GOLD LOAN

Purpose

Gold loan is a kind of secured loan where you get the loan amount against the gold ornaments. Gold loans could be a good option even for those borrowers who have a poor credit score due to which they might not be eligible for an unsecured loan.

Gold Loan from Reliance Cooperative Credit society helps you unlock the true potential of your idle gold. With minimal documentation, quick disbursement and complete safety of your gold. Reliance Cooperative credit society is the easiets and quickest way to get funds for your immediate personal and business requirements or during any kind of emergencies.

BUSINESS LOAN

Purpose

Small Business loans can help you start or expand an existing business. And during this pandemic, small business financing could help your businesss stay afloat amid disaster. Small business loan program from Reliance Cooperative credit society can infuse working capital and other financial support when you need it most.

Small business loans are used for business expenses. While some loans are for general business funding, others are for specific purpose, such as working capital, equipment financing, purchase of fixed assets or operating capital. Typicall, small business term loans offer a lump sum that you'll pay back with interest over time.

MORTGAGE LOAN

Purpose

A mortgage loan or simply mortgage is a loan either by purchasers of real property to raise funds to buy real estate or alternatively mortgaging their existing property to raise funds for any purpose.

The mortgage loan is secured by a home, if the borrower fails to repay the loan, the lender can repossess the home through foreclosure and sell it to pay off the loan.

Mortgages are loans that are used to buy homes and other real estate, the property serves as collateral for the loan. Mortgages are available in a variety of types, including fixed-rate and adjustable-rate. The cost of a mortgage will depend on the type of loan, the terms and the interest rate. Mortgages are also known as "liens agains property" or "claims on property".

LIFE INSURANCE POLICY LOAN

Purpose

A policy loan is issued by Reliance Cooperative credit society and uses the cash value of a person's life insurance policy as collateral. Sometimes it is referred to as a "life insurance policy loan".

If a borrower fails to repay the loan, the money is withdrawn from the insurance death benefit.

MIf someone needs emergency cash, getting a policy loan, which access the cash value of a life insurance policy, from Reliance cooperative credit society is the best option. The insurance polisy needs to be active and permananent life insurance.