• Welcome to SACH Cooperative Thrift and Credit Society Ltd.
  • contactus@sachtcs.org
  • +91 46114888 / 9717062247
site logo

Services

RECURRING DEPOSIT

The Society offers recurring deposit facility, where the deposits can be made for a period of 1-2 years at attractive rate of interest. A deposit of minimum Rs. 500/- or its multiples shall be accepted.

  • Below 20,000 Interest Rate @ 8%

  • Above 20,000 Interest Rate @ 9%

FIXED DEPOSITS

Fixed deposit facility open to all members has the following benefits:

  • Below 3 Lakh Interest Rate @ 10%

  • Above 3 Lakh to 5 Lakh Interest Rate @ 11%

  • Above 5 Lakh Interest Rate @ 12% (Minimum 6 Months lock–in–period)

FD can be withdrawn only through cheques or Bank Transfer, at the time of maturity. No TDS shall be applicable upon withdrawal of interest amount

LOANS

The Society provides the following loan services:

  • Regular/Ordinary Loans up to 4 lakhs at 18% interest per annum with repayment period ranging from 12, 24, 36 and 48 months as per the convenience and choice of members.

  • Emergency Loans up to Rs. 40000/- at 20% interest PA for a duration of 15 months.

  • Property Loan up to 60% of the Value of the property as estimated by a professional market agent/agency. ROI @15% PA. RM and members guarantee required.

  • Vehicle Loan up to 80% of the vehicle value 16% interest per annum. Loan period maximum of 60 months. Maximum loan available is Rs. 20 lakh. Vehicle collateral and members as guarantee is required.

  • Gold Loan at 70% prevailing market rates (whichever is lower) at 12% for a period of 11 months. Gold loan amount varies as per the quality of gold. Interests to be paid monthly. Service Charge (1% of loan amount + 18% GST), appraising Charge 300/- and documentation charge will be Rs. 200/- at the time of gold pledge.

Established in 2017, SACH CO-OP THRIFT & CREDIT SOCIETY LTD., has more than 950 memberships. The main objective of Society is to provide financial support to members at a􀆦ordable rates, promoting a habit of savings, financial prudence including helping to demonstrate the practice of true principles of Cooperative spirit and solidarity.

New membership is open to all individuals residing under National Capital Region (NCR) who are employed and above the age of 18, at a joining fee of Rs. 500/- and initial share value of Rs. 1000/ subjected to the submission of the following documents submission and verification. Membership is provided only after the due diligence and satisfactory verification report. New members are eligible for loans only after completion of six months of successful membership.

Application Form can be downloaded from www.sachtcs.org

  • Photographs (1)

  • Address Proof of Delhi & Native Place

  • ID Proof

  • Residence Proof

Membership will be confirmed in writing after successful completion of due diligence. In case the membership is declined, complete payment made by the applicant will be refunded.

Under the by-laws, a member of Society must compulsorily deposit a minimum amount of Rs.500/month which is aimed at inculcating saving habits within members.

New members can deposit Rs. 20,000/- at the time of enrolment for life membership. In this case monthly compulsory deposits are not mandatory.

Compulsory deposit interest shall be credited into account of the member at the end of every financial year after 31 March with a 7% interest rate.