BENEFITS OF CHITS
Save and Borrow at your convenience.
Absolute Freedom
You can use the winnings from the chit group to meet personal needs and fulfil your dreams. As a subscriber, you are free to spend the Prize Money as you want to. Unlike other financial institutions, you can use your Chits winning for any purpose, including weddings, religious functions, medical expenses, child education, and so
Regular Returns
The distributable surplus is credited to your account as a dividend each month. Although not paid out in cash, these d ividends reduce the amount of money you need to chip in the following month. It indirectly increases your gains from the Chit vis-a-vis the actual amount paid
Financial Inclusion
Individuals employed in the informal sector do not meet the eligibility criteria of banks and other financial institut ions. They are vulnerable to unscrupulous moneylenders who may exploit and harass them by charging exorbitant interest rates. Such individuals can join a Chit, to avail easy and hassle-free financing whenever needed.
Business Finance
Chits are an excellent source of finance for business owners who can use the Prize Money to either start a business, finance business operations, or purchase capital assets for the company. It can also play a critical role in relieving a sudden cash crunch in the
A genuinely unique financial system, Chits is a favourite choice among many people. Be it a homemaker or a business person, a chit group can provide you with funds on short notice. Click here to register and enjoy the benefits offered by Limra Chits.