Why invest in Chits? - Chit as a Loan

Typical family scenario

All of us live to earn. Looking at it from a different angle, all of us earn to live. We keep striving hard throughout our life to satisfy one desire or the other. In reality, when one desire of ours gets satisfied, the other climbs up the mind ladder. Many a time we feel stuck in a situation in which none of our desire seems to get fulfilled. Typically, these desires range from owning a house or a small car for ourselves. We may desire for buying a big screen TV or a two wheeler. Our earnings seem to be lower than our expenses at all points of time. This makes it necessary for us to take a loan from banks or we go in for the Equated Monthly installment options that shops offer. The flipside of these options is the high interest rate that eats up a major portion of our earnings. Many a times, we even land up mortgaging our existing properties to buy high value things we desire to own. However, a simple solution is available for all of us to escape from such wrath.


Children’s Marriage and Education

We live in a society that is bound by culture and heritage. Living by the culture is becoming tougher every passing day due to the unbearable increase in cost on all aspects. Particularly when it comes to marriage in India, the raising costs pose a great hurdle disallowing parents to even start thinking about arranging for the same. Another aspect that constantly eats up our life time savings is education that we provide to our children. Most of us today educate our children with the desire to help them settle down in their life comfortably and not toil like we do. This desire costs so much in terms of money that we keep taking loans from one source or the other.


Children’s Marriage and Education

We live in a society that is bound by culture and heritage. Living by the culture is becoming tougher every passing day due to the unbearable increase in cost on all aspects. Particularly when it comes to marriage in India, the raising costs pose a great hurdle disallowing parents to even start thinking about arranging for the same. Another aspect that constantly eats up our life time savings is education that we provide to our children. Most of us today educate our children with the desire to help them settle down in their life comfortably and not toil like we do. This desire costs so much in terms of money that we keep taking loans from one source or the other.


Both marriage and education have become two of the costliest aspects of life. The amount of money one needs to accumulate for these aspects is mind boggling. To perform our responsibilities as parents towards our loving children, we tend to take loans from various types of Financial Institutions. However, in the process of meeting our commitments, we incur more debt since repayment of the same involves prohibitive interest rates. Whenever we repay our loans, the cost of interest component cost our lives.


Business Loans for Entrepreneurs

Personal commitments and existing in this world requires us to earn money. While many of us tend earn through employments in organizations, some of us tend be our own masters. We tend to start a business based on our expertise. Running a business is not an easy joke. Among the many aspects that a businessmen need to handle, the crucial one is the finance aspect. Small Business Enterprises in particular, face the maximum heat pertaining to Finance since regular financial institutions tax them with either heavy documentation or frustrating processes. If a small business owner gets the load after satisfying the documentation requirements and the completing the cumbersome processes, he drowns paying interest month on month.


You might be wondering if there is an easy solution for all the problems mentioned above. Yes. For all the different kinds of issues discussed above, Prosperity Chit Funds act as a simple solution


Advantages Chit Zone offers over other types of financial institutions

Let us have a look at what different sects of people gain by joining Chit Zone.


  •  Interest rates in Chit Zone are much lesser than the prevailing rate in any of the other types of Financial Institution you may spell out
  •  Documentation is not heavy. Only limited documents that are required for satisfying the statutory requirements are taken from every customer who seek to take a loan from Chit Zone
  •  Customers who approach Prosperity Chit Funds for taking a loan are handle in a friendly manner and are required to satisfy minimal process requirements, that too, only for satisfying statutory requirements
  •  Entrepreneurs who run small businesses can decide on the interest rate they want to pay based on the loan amount they require. This is one of the greatest advantage in availing loan from Prosperity Chit Funds since this option is not given by any other type of Financial Institution
  •  This loan they take from the Chit Fund Company is their own money since they bid in the auction to avail the same. This acts as a positive influence on the psychology of businessmen and they do not experience the tension they face when availing loan from other kinds of business houses
  •  Repayment of the loan taken is also easy in Prosperity Chit Fund since entrepreneurs are not forced to pay a bulk amount. The loan taken through bidding gets repaid by them in small chunks distributed over the fixed period of time. The amount thus received from the Entrepreneurs are accounted towards both Principle as well as the interest unlike in other Financial Institution who try to recover the interest first .
  •  Individuals and family members need not hypothecate or mortgage any of their hard earned loving properties to raise money when they go through Prosperity Chit Fund.
  •  Individuals who are already taxed with issues pertaining to marriage and education can feel relieved when they go through Prosperity Chit Fund. This is because the cash burden on them is shouldered by Prosperity Chit Fund who takes the risk of providing loan to the requestor even if what he has paid through the chit is less.

We at Prosperity Chit Fund look at you as a family member and a Business Partner.


Allow us to help you offering you the lowest interest rates for the amount you take as loan from us. Allow us to participate in all the eventful memories of your life.


Life is to live. Let us live it together.