Andhra Co-operative Credit Union

IMO LTEE - 1St Floor, Orchid Tower

Sir William Newton St, Port Louis

Tel: 210 6358

Email: info@andhraccu.com

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  • Fast Loan
  • Normal Loan
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Fast Loan

• Maximum amount of loan Rs. 25,000/ repayable within 3 years.
   
• Loan will be secured by the applicant shares (No guarantor required).
   
• Loan will not exceed the applicant's shares. Approved and disbursed within 24 hours.

Normal Loan

• Maximum amount of loan Rs. 100,000/ repayable within 5 years. The share capital should be one third of the loan amount taken and guaranted by one or two guarantors.
   
• The effective interest rate is around 6% per annum on any amount taken as loan for any period.
   
• Eligibility for loan is six months after membership. For example, for a loan of Rs. 100,000/ the monthly instalment will be Rs. 2,175.33 comprising of capital repayment of Rs. 1,1667 + interest of Rs 508.33.

Terms and Conditions

Membership Form

Fast Loan   -  Normal Loan