Frequently Asked Questions
Here’s a few answers to our most common questions.
01. Who is Eligible to join De Bently Cooperative
For any individual above the age of 18 years, membership is voluntary after completing the enrolment form and payment of the non-refundable fee.
02. When am I eligible for a loan after Joining ?
The cooperative law requires you to save over a period of 180 days. We however consider members who show enough commitment to save without default
03. Can I withdraw my membership
Yes, you are free to leave the cooperative and withdraw your savings provided you have no outstanding loan that is yet to be repaid.
04. Can I self-guarantee as a member ?
A member can self guarantee if the loan amount taken is less than or equal to the amount of savings deposit held and must not have any other guarantor liability.
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