Mortgage Loans Over drafts


This facility is to be renewed every year. Loans will be granted against vacant urban lay out sites and Building properties. Loan amount will be 40% market value of the property or loan monthly installment should be of 50% monthly income of the applicant. Interest will be charged @ monthly rests and also interest will be calculated every month on diminishing value of the loan outstanding amount. Interest is to be repayable every month. Otherwise penalty of 2% will be levied ,on late payment, on excess amount over the sanctioned limit or after expiry of the limit.

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Contact Us

  • Chanakya Multipurpose Mutually Aided Co-operative Society Limited , Prakash Nagar, Rajahmundry, East Godavari Dist, AP.
    Address: H.O: # 74-9-10, Old Andhrabank Building, Prakash Nagar, RAJAHMUNDRY-533 103.

  • Phone: 8333828745

  • Email: CMACS@ rediffmail.com

  • Branch : # 11-1-4, Ramarao Peta, Beside HDFC Bank, Prakasham Street, Near Three Light Junction, KAKINADA – 533102.
  • Phone: 8985212459

  • Email: CMACSKKD@rediffmail.com

  • Tanuku Branch Address: D.no. 33-7-10, Suryalayam Street, Tanuku-534211, W.G.Dt. A.P.

  • Phone: 08819-297008

  • Email: CMACS TNK@ rediffmail.com


Recurring Deposit Scheme


The scheme is suitable to persons having monthly income. The period is 6 month to 72 months. Interest is quarterly cumulative.