Loan

VYCCU operates credit investment in the five areas mentioned below:

1. Income generation Loan
   Any programme/plan/business conducted with as aim to raise the income level of an individual is called an income generating business. The loan offered to run such business is called income-generating credit. This credit refers to both types of credit offered for productivity and service.
    
2. Social Loan
   To solve the practical problems of the members, such credit scheme is beneficial. Such social credit cane offered to a member in the field of health, education, housing, marriage, sacred thread ceremony and foreign employment.
    
3. Emergency  Loan
   If any sensitive and serious matter arises in the house of a member and his relative or if any unexpected incident takes place, then emergency credit is offered. (for instance; accident, death natural calamity, medical treatment). Verification of such situation will be done by a person from the executive committee. Endorsement won't affect emergency credit in case the deadline is not crossed.
    
4. Hire purchase Loan
   In order to facilitate the members of the institute to buy materials necessary for the convenience of the members, such credit facilities are offered. Such materials remain in the ownership of the institute until the loan is paid. The member interested to avail of such credit facility has to forward quotation for the desired item and 30 to 40 percent investment should be borne by the member himself. The insurance and other costs during the institutional ownership of the item should also be borne by the creditor himself.
    
5. Inter-lending Loan
   Legally registered institutes receive equal legitimacy like individuals. So this institution can also offer credit to member institutes for the financial as well as institutional upliftment of them. Such credit is called inter-lending credit.