A Flexible Borrow Save Instrument.
Fraternities are a fixed duration product, like 20 or 40 months. They begin as a savings instrument and keep accumulating in value as you pay instalments month on month. Whenever you need to make a large expense, you may 'prize' the fraternity, giving you lumpsum money. After the 'prizing', you continue to pay instalments for the remaining duration.
Your need / expense may arise in the beginning or at the end. The fraternity is flexible and will give you the funds when you need them. Depending on your need, it behaves as a savings instrument or a borrowing instrument or a mix of both.
In a nutshell, you commit to paying instalments for a fixed duration in exchange for the certainty of lumpsum funds at the time of your need. The following example will make things easy to understand
Plan.
Ensure that you are aware of your financial outlook in the near future
Estimate how much you can spare from your income / business every month
Subscribe.
Enroll in Fraternities that fulfil your needs & monthly saving capacity
Prize.
Whenever need for funds arises, ask our executive to explain all funding options
Fulfil.
Prize the Fraternity most suitable and get lumpsum funds to fulfil the need
Reassess.
Every few months, reassess your Subscriptions, be planned for every need
Case Study.
Context.
Need Assessment.
Plan.
Use Case.
Reassessment
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