Door No 24-12-1202/26, Attavara Road, Nforce Lezorin Apt, Ist Floor, Shop No 4, Nandigudda ,Attavara, Mangalore -575002
Chit Funds are a system for saving and investing and ensuring disciplined planning.
Chit Funds are accessible to urban and rural residents alike, as they cater to many income levels.
Chit Funds do not require collateral and are, therefore, an attractive option to those who don't have valuable assets.
Participants can access the amount of the chit when they need to, making it an emergency fund.
Chit Funds typically charge lower rates of interest than traditional money lenders. This is to the benefit of borrowers.
Chit Funds operates in a tight-knit group, encouraging trust and transparency between participants.
All participants will benefit from this scheme as each member receives the amount of the chit.
Companies that offer chit funds invest their pooled money in safe instruments to generate returns for the participants.