Do you think it’s easy to survive with a fixed salary or income in this tough economic world? Every day the individuals face various difficulties in managing their finance and accounts. When the needs are more, then the only solution is availing a loan. But again, the high rate of interest in the banks or private financial institutions is the main barrier.
Truly, the situations are very complicated regarding the finance and capital solutions. To reduce the stress of the citizens, some non-profit organisations have come with an innovative strategy. The non-profit credit co-operative organisations are offering necessary financial solutions to the members only.
You can easily avail the required loans at a very low rate of interest without any issues. But in order to avail the services from the non-profit organisations, you need to be a member of the organisations. Basically, there are a no strict rules and regulations of being a member. You can simply open a savings account and can efficiently ensure a membership.
Common good funds offered by the non-profit organisations
The savings account is termed as the bridge between your issues and the organisation. Through this savings account, you can effectively deposit the savings and can also avail necessary loans like personal loans, education loans, renovation loans, marriage loans, Medicare loans, debt consolidation Singapore. Again, you will also earn a fixed interest on the savings amount in your account.
Apart from the savings and loan facilities, the credit co-operative organisations offer common good fund facilities/services. These services are mainly designed in order to enhance welfare and goodwill of the community members. Below here, some common good fund services are explained.
- Hospitalisation grants – The non-profit organisations offer necessary hospitalisation expenses to the members. No one can predict the hospitalisation costs as it is totally on the almighty. But to reduce the unnecessary stress, the members are treated with necessary hospitalisation grants. Depending on the type of membership and years of membership, the members are offered the hospitalisation expenses.
- Funeral grant – To conduct a funeral event, you need to ensure that you have got enough money in your bank account. Previously, the expenses associated with the funerals were not high, but nowadays, even the basic activities in the funeral events cost high amount. The credit co-operative organisation understood the difficulties in organising a funeral event, and thus offers a funeral grant for the members.
- Marriage event – If both husband and wife are the members of the community, then the community offers a marriage grant to the couple. Well, you must have idea regarding the expenses in the marriage, so this marriage grant seems to be a great relief.
- Heart check-up subsidy – If you have got any heart problems, then there is nothing to worry. The credit co-operative community offers necessary subsidies for heart check up. So, in case you need a check-up, you can efficiently avail for a subsidy.
Well, there are many more grants under the common good funds. So, whether you want a credit card loan Singapore or want to avail subsidies for your common activities, you can effectively assure everything under a single roof.
TCC Credit Co-operative 