Smart Savings, Flexible Loans
Join our chit fund plans to save regularly and access lump sums when you need them the most.
about chit fund
What Are Chit Funds?
We offer a trusted platform for your savings and investment.
A chit fund is a traditional savings scheme where a group of people come together to contribute a fixed amount of money regularly. Each month, one member of the group receives the total amount collected. This continues until every member has received the fund.
Services we’re offering
Chit Fund Details
How It Works
- Become a member of our chit fund group by contributing a fixed monthly amount.
- Every member contributes the same amount each month.
- Each month, members can bid or participate in a lottery to receive the total collected amount.
- The process repeats until all members have received the fund once.
Benefits
- Savings and Investment in One Place: Chit funds combine the benefits of regular savings and access to a lump sum when needed.
- Emergency Cash Facility: Members can bid for the pot to get quick funds during emergencies
- No Collateral Required: Unlike bank loans, chit funds do not require collateral or complicated documentation.
- Higher Returns: If you don’t bid early, you can earn higher returns on your contributions at the end of the cycle.
- Low-Cost Borrowing: The funds obtained through bidding are often at a lower cost compared to traditional loans.
- Community-Based System: Most chit funds operate locally and are based on trust, making them more accessible.
- Flexibility: You can choose to save or withdraw money based on your financial situation.
- Accessible to All Financial Classes: Chit funds cater to individuals from different financial backgrounds with varying group sizes and contribution amounts.
Why Choose Us?
- Simple and Convenient: Chit funds are easy to join and manage, especially for people who might not have access to formal financial institutions.
- Regular Savings Habit: Members contribute fixed amounts regularly, promoting a disciplined saving habit.
- Access to Lump Sum Funds: By bidding, members can receive a large sum of money when needed, without going through lengthy loan procedures.
- Flexible Use of Money: The lump sum amount can be used for various purposes like business, personal expenses, or emergencies.
- No Interest on Contributions: Unlike loans, where you pay interest, chit funds involve bidding, and the member who bids early contributes slightly less over time.
- Potential for Profit: Members who don’t bid early can earn a good return on their savings at the end of the fund’s tenure.
- Ideal for Non-Bankable Individuals: It’s a great option for those without access to banks or who don’t meet eligibility for traditional loans.
- Transparent Process: Well-regulated chit funds ensure transparency and build trust among members.
How to Join?
- Reach out via phone or visit our office.
- Complete the membership application form.
- Provide necessary identification and address proof.
- Begin your monthly contributions and participate in the chit fund.
our testimonials
What Our Clients Say?
Delighted with the services provided by Paramount Finance Ventures. The team is professional, approachable, and committed to meeting client needs, making every interaction seamless and satisfying.
4/5
Tukaram Markande,
Using services for 3 years.
Bangalore
Being part of Paramount Finance Ventures has been a rewarding experience. Their personalized approach and consistent support have helped build trust and long-term value in financial management.
5/5
Ningappa Tippanatgi,
Associated with Paramount for 5 years.
Bommanahalli, ShorapurD
Paramount Finance Ventures has proven to be a reliable partner. Their attention to detail and ability to deliver tailored financial solutions have made a meaningful impact on my financial journey.
4/5
Pratap Rathod
4 years of service.
Udnoor, Gulbarga
Exceptional service that goes beyond just transactions. Paramount’s team has been instrumental in guiding me on profit optimization, smart investments, and innovative chit fund options. Their insights and support are unmatched, making them a standout in the financial sector.
5/5
Sathish Devnoor,
5 years of association.
Mumbai
Paramount Finance Ventures delivers top-notch service with a customer-centric approach. Their unwavering commitment to quality and problem-free operations ensures a smooth and rewarding experience for clients.
4/5
Shashikant Pawar
4 years of service.
Gulbarga
The professionalism and expertise of Paramount are second to none. They provided comprehensive financial solutions that aligned perfectly with my personal and professional goals. Their unwavering commitment to quality has earned my trust and respect.
4/5
Veershetty Biradar
2 years of Service
Gulbarga
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