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Build better savings through Balussery
Balussery Chit Fund has been professionally managed since 1947.
Borrow for education, health, housing, wedding, down-payment... and more!
Non-Resident Indians can now subscribe to Chit Funds
Balussery Chit Fund is a leading Chit Fund Company operating since 1947. It is registered under the Chit Fund Acts, 1982 and has successfully served over 3 million subscribers over the years. It's the only Chit Fund to be rated positive by M-CRIL (MICRORATE, Washington).
What is a Chit Fund?
A totally Indian concept, the chit fund system has now won universal acclaim.
How do Chit Funds help?
The subscribers trust us to take care of their hard-earned money and realize, they can bank on us when
New to Chit Fund ?
Special Incentives for new Chit enrolments in 2014. Contact us today to find out more details.
Our Plans
Our chit value is Rs 20K to 75 Lacs (Installment beings 1K to 2.5 Lacs per month).
Interested in New Chits ?
Click here to Apply for a loan!
Did you know?
RBI has come out with a directive to ban 0% interest rate schemes for purchase of consumer goods; the main reason being, such practices vitiate the transparency in pricing mechanism which is very important for the customer to take informed decision. According to RBI sources “The very concept of zero-percent interest is nonexistent and fair practice demands the processing charge and interest charged should be kept uniform, product or segment wise irrespective of the sourcing channel. Such schemes only serve the purpose of alluring and exploiting the vulnerable customers" In the case of Chit Funds IT IS THE CHIT SUBSCRIBER WHO DECIDES THE RATE OF INTEREST, on a real time basis. That is to say Chit Funds are the best options for liquidity when compare to banks and other intermediaries where the interest rates are subject to fluctuation
