Loan is granted to permanent employees and to temporary employees who have been recruited directly through R.R.B./G.M's Special Power or through constituted Selection Board provided they have completed at least 1 year of service & membership.

The amount of eligibility for loan is determined on the basis of the basic pay and length of service of the applicant. In case of running staff , 30% of basic pay will be added as mileage to determine pay for the purpose of granting loan.

The amount of monthly installment for repayments should not exceed 30% of pay as per Wages Act.

Loan up to ₹1,30,000 requires at least 2 sureties, for loan above ₹ 1,30,000 requires at least 3 sureties.

Eligibility of loan will be determined on the basis of the rules framed and restrictions imposed by the Board of Directors from to time.

Corrections, if any made forms, should be initiated or supported by thumb impression of the applicant or the sureties as the case may be

Any correction in the service particulars of the applicant or sureties should be authenticated by the Department officer concerned with official stamp

An employee coming on transfer from any other Railway should produce a clearance certificate from the Co-operative Society/Societies attached to that Railway along with his first application for loan.

In case of married female applicant, her husband's name or father's name should be quoted.

The loan should be repaid six months early of superannuation of the applicant and the age of the sureties should not exceed 59 years by the time the loan is due to be fully repaid.

The interest on loan is to be charged on outstanding balances at the rate as to be determined by the General body of the society from time to time.

The loan sanctioned by the society to the share holders recoverable in 12/18/24/30/36/42/48/54/60 installment.

The amount of loan should be applied in multiples of ₹ 1000/-

In case the loan installment is not deducted through salary bill, for any reason whatever, the member is responsible to deposit the loan dues in cash at society's counter to avoid liability of additional interest.

In case of transfer of a member from one Bill Unit to other or one Division to another or to other Railways, the member should inform the Society giving particulars of transfer with B.U.No.

Any witness cannot stand as a surety.

there should be minimum 12 months gap between one loan to another loan granted to a member

For payment through bearer Cheque, a passport size colour photograph is to be affixed with self signature and the Rly. Identity Card is to be produced at the time of payment.

Correction of Loan amount and/or No. of installments, if enhanced, after return and before re submission, should be supported by sureties through From No. UB74, duly forwarded.