Andhra Co-operative Credit Union

IMO LTEE - 1St Floor, Orchid Tower

Sir William Newton St, Port Louis

Tel: 210 6358

Email: info@andhraccu.com

 

BENEFITS OF MEMBERSHIP

  • Encourage savings among members;
  • Help members to save for the future;
  • Avoid recourse to higher cost of  finance;
  • Create an easy and cheaper source of loan for members for provident and productive purposes;
  • Current interest on loans is 1% monthly as diminishing balance that is effective rate of interest is around 6% per annum;
  •  Fast approval and disbursement of loan amount; and
  •  Competitive lending rates.

Andhra Cooperative Credit Union Ltd provides the following facilities to its members:

  • Loans
    •     Normal Loan up to Rs 100 000
    •     Fast Loan up to Rs 25 000
  • Death Benefit
    •     Outstanding loan is written off; and
    •     An amount representing twice your accumulated shares is payable to your beneficiary.
  • Disablement Benefit
    •     Outstanding loan is written off; and
    •     An amount representing twice your accumulated shares is payable to your beneficiary.
  • Accidental Death Benefit
    •     Outstanding loan is written off;
    •     An amount representing the loan balance is payable to your beneficiary; and
    •     An amount representing thrice your accumulated shares is payable to you.
  • Funeral Grant
    •     A Funeral Grant of Rs. 10,000 is payable to your beneficiary.

* Terms and Conditions apply

 

  

 
 

Terms and Conditions

Membership Form

Fast Loan   -  Normal Loan