2. Provide loan services to members. Members' shares and deposits comprise significant part the loan funds made available to members with interest charged usually at rates lower than that of the prevailing market rates. The three general types of loans provided by this cooperative type are:
2.1) Emergency loans: In crisis or emergency cases, a member may borrow up to half of his/her monthly income, depending on the cooperative financial status, without collateral. Repayment is normally made in two installments.
2.2) Ordinary loans: The cooperative can provide an ordinary loan, again, depending on its financial status. This can be between 4 to 15 times, of member monthly incomes or within the range of 40,000 to 300,000 baht with one other member acting as guarantor. Normal repayment in this regard ranges from 24 to 72 installments. The maximum amounts allowed for emergency and ordinary loans are based on members' incomes.
2.3) Special loans: When the cooperative extends its services to housing and investment purposes, a member may borrow the actual amount required for constructing or purchasing houses, land and other real estate. generally, not exceeding the ceiling amount of between 400,000 to 1,000,000 bath. The repayment period is between 10 to 15 years, using real property as collateral.