Each member upon enrollment shall be entitled to avail Credit Loan to the extent of an amount equal to fifteen months basic pay or Rs. 3,00,000/- whichever is less, subject to holding of minimum of 30 shares of Rs. 150/- each, repayable in 96 regular monthly installments on furnishing one acceptable surety, who is a member of the Society. The time gap between the sanction of one Credit loan and the other shall be 15 months.