Higher Purchase Loan

The loan provided for purchasing a vehicle for personal purpose or business purposes, which can be owned by the organization, will be called a hierarchy loan.
1 borrowing base
A) This type of loan will be to be a debtor or a monthly income of the family, and for personal purpose, a permanent income source will be required.
B) The vehicle will be registered for the name of the institution till the loan is released.
C) The lender will have to be visually guided by the means of the instrument.
D) The lender will have to be reimbursed according to the rules of the vehicle.
E) In the right to accident or stolen vehicle, debtor or family of the lender will have to compensate for it. 
F) Members who participate in the savings of the organization of the organization will be given priority in this loan.
E) Members must invest at least 30 percent themselves and essentially place fixed asset positions.
2 This type of loan will be up to 5 years.
3 interest rate 
The interest rate conductor committee will be in the title from time to time.
4 payment method
Payment of loan must be made in monthly records.