Housing Credit Co-operative Society

A Housing Co-operative Bank is a financial institution that serves the unique needs of housing co-operatives and their members. These banks focus on supporting community-led housing development, offering tailored financial products and services such as home loans, construction finance, savings, and investment options..

Features

  • Centralized database of members with KYC and document storage.
  • Role-based access (admin, treasurer, committee, member).
  • Digital onboarding and approval workflows.
  • Voting and resolution tracking for general body meetings.
  • Tailored loan products: home loans, construction loans, renovation loans.
  • EMI calculation and repayment tracking.
  • Automated notifications for due dates and defaults.
  • Automated billing for maintenance, sinking fund, and utilities.
  • Ledger-based accounting and audit-ready reports.