SCENARIOS

Purchasing of Property

Indian investors are traditionally inclined towards buying land either purely as an investment or for building a house. So, if you are looking to buy a plot, you may not be eligible for a home loan. Home loans are available only for the property already constructed, under construction or likely to undergo construction soon. Hence best way is choosing the Chit that fits your property value and pay the money on the go on monthly basis without any burden.

  • No need to apply loans at high interest rates.
  • No documentation hassles and delay to purchase the correct time.
  • List ItemBuy the property and pay the Money on monthly basis.
new property JN Chit Funds Chennai

Car Loan

A customer enrolls in a 10 lakh chit for 40 months and successfully bids during the third month. He gets 7.5 lakhs which can be used to buy the car.

  • He can cherish driving his car without the burden of loans.
  • Since there is no loan, he does not lose on interest cost, instead earns chit dividend during the tenure of the chit.
  • No documentation hassles for obtaining the car loan.

Education Loan

A student has secured admission in a reputed institution and needs funding for 4 years of yearly fees. He subscribes to four 1 lakh chits at the time of admission. He discusses his plans well ahead with J.N Chits and obtains funding every year at the time of fee payment.

  • He can focus on his education and not worry about repayment of the loan after his education
  • Since there is no loan, he does not lose on interest cost, instead earns chit dividend during the tenure of the chit.
  • No documentation hassles for obtaining the education loan.

Vacation

A family has planned a fortnight long vacation to Europe and estimates to spend approximately 10 lakhs on the trip. He plans ahead and subscribes to a 10 lakh chit and gets Rs 9.5 lakhs at the end of the chit tenure.

  • He can enjoy his vacation with his family and not worry about loan repayment when he returns to India.
  • He has already earned chit dividend during the tenure of the chit.
  • No documentation hassles for obtaining the personal loan.

Working Capital Requirements

A businessman needs to pay a festival bonus of 5 lakhs every year to his employees. He subscribes to two 5 lakhs chits for a 25 month tenure. He plans ahead and obtains funding during the festival time for timely bonus payment.

  • Need not borrow funds at high interest rates
  • Since there is no loan, he does not lose on interest cost, instead earns chit dividend during the tenure of the chit.

Wedding

Subscriber is looking for alliances for his daughter and subscribes to different chit groups like 3 lakhs, 5 lakhs and 10 lakhs to meet the wedding expenditure. Once the marriage is fixed, he bids for the 3 lakhs chit to meet the engagement expenses, bids for the 5 lacs to meet the jewelry expenditure and finally bids the 10 lacs to meet the wedding expenditure.

  • Enjoy the wedding experience without going for a personal loan or selling a property.
  • Enjoy the wedding experience without going for a personal loan or selling a property.

Savings

Subscriber earns Rs 75000 a month and doesn’t have any financial commitments but wants to save for the future. He can subscribe to 6 lakhs chit scheme for the tenure of 30 months.

  • Brings a saving habit on a monthly basis.
  • Earns chit dividend during the tenure of the chit.
  • Still meet financial needs during unforeseen circumstances.

Planning for New Equipment

Funding is always required to expand your business, meet short-term business responsibilities and cover business expenses. It is always crucial to make sure that the organisation has sufficient funds for carrying out its everyday operations in a smooth manner. Any business shouldn’t have a long cycle for cash conversion. That’s why we are here to fund from chits to meet the working capital requirements efficiently.

  • Need not to borrow funds at high interest rates.
  • No documentation hassles for obtaining any loan to expand the business.

Wedding Anniversary

Everyone needs a work – life balance.  Vacation time-off is one key to maintaining this balance. With international tourism becoming more and more attractive, cost for taking a break has skyrocketed recently. And unfortunately personal loans are expensive and exchange rate. If the investor is investing 4,000 per month as in chit, he can get a benefit at the end of one year to enjoy the 1st year anniversary.

  • Enjoy the world tour without going for a personal loan.
  • Gives a habit of saving small amount per month that gives tremendous results.

Birthday Party

Now-a-Days Celebrating a B’day party is a costly and prestigious affair. Very often, there is not much time to plan for the party. Hence we help where a customer cleverly uses funding from chits to systematically plan and use for any similar parties.

  • Get money in near future without any paperwork.
  • Enjoy the party with peace of mind without thinking on interest payable.

Bonus for Employees

A structure of bonus payments is frequently found in sales organizations to reward sales performance at specified levels. Bonus pay is also used to improve employee morale, motivation, and productivity. When you tie bonuses to performance it can encourage employees to reach their goals, which in turn helps the company reach its goals. Hence during the time of Bonus, without affecting the current rotation of money in the company, you can get chit and distribute the money.

  • Easy to get the bulk money as cash for employees
  • Does not affect the company money rotation or credits.