Malankara Credit Society

  The Personal Loans offered by MMSCCS fall into two categories. One is a Personal Loan targeted to meet the requirements of Salaried Individuals. • Should be a member of the society • Eligibility: Maximum 5 times of average net salary for salaried class • 7 times of average net income declared in ITR or 20% of sales declared in GST return for business class • Loan amount: Maximum Rs.5,00,000 - Tenure: 36 months • Guarantor: One close relative with minimum assets of Rs 10.00 lacs • KYC, Residential proof, etc are as usual to identify the applicant and guarantor • Processing, field verification, and other charges as per rules  

  Property loans are designed to meet the business and personal needs of members within the geographic operating limits of the MMSCSS Society. This is a program that helps members of society realize their wishes and dreams. Proceeds from loans are used for member needs related to business activities, house extensions, housing construction, consumer needs or the purchase of real estate in the states of Kerala, Tamil Naadu and Karnataka, among others. In addition, loans are granted against existing terraced properties for any purpose desired by members. The LAP is based solely on the criteria set by the Company regarding the customer's eligibility for a loan in terms of income and repayment capacity, valid collateral in the form of real estate assets, personal guarantees of the guarantor, etc.

  The loan amount paid to companies for business promotion is 50,000 to 150,000, and the loan period is 150 to 300 days. Ideally, repayments will be made within his 150 working days, and collections will be made daily at the store by employees directly or through business correspondents. Loans are given to individuals with a store who are at least one year old and have basic experience, and the loan is granted based on the inventory valuation made in the store. If you have good credit and repayment ability, you can expand your business with a Business Daily Loan.

  Our customized vehicle loans come with unique features like up to 90% financing, flexible repayment periods, and affordable EMIs. Customized vehicle loans are available for all brands like Mahindra, Hyundai, Tata Motors, Maruti Suzuki, Renault, Nissan, etc. Our fully trained personnel can help you make informed decisions and assist with documentation. The minimum loan amount is Rs 25,000 and the maximum is Rs 20 lakh Whether you are an employee, self-employed, partnership or limited company, our loans are for you. We provide financing for both new and used cars depending on the model year.