Chit fund is a source of funds which is easy compared to the banks and other financial institutions. Small business retail traders, salaried class will get funds easily in chit funds, others who require good returns also  benefited by chit fund by availing regular dividends which are higher than the banks and other financial institutions. 

 

 Advantages of Chit Funds

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• Chit fund is a saving and credit scheme designed to  benefit all members of the  society.

• Subscribers can avail funds at their convenience.

• documentation will be easy .

• The Subscribers  have to offer simple collateral for claimed  money.

• Subscribers  don’t have to reveal the purpose of claiming  money as long they refund as agreed.

• Subscribers  can request emergency funds.

•  low-interest loans also a part of chit funds.

• The Subscribers  can borrow funds for marriage, shopping, travel, religious purpose, education, festivals, and more.