Unlock Your Financial Dreams With Northeast Chit Fund Services
Unleash the power of CHIT FUNDS & Secure your future, achieve your dreams With Us.
About Northeast Chit Fund Services Pvt Ltd
Over 40 Years of Trusted Expertise:
Guiding financial success for over four decades, Northeast Chit Fund Services brings a legacy of reliability and expertise to empower your financial journey.
Ethical Practices Under Regulatory Compliance:
Operating under the Chit Fund Act of 1982, we ensure strict compliance with regulations, emphasizing transparency, and maintaining the trust of our clients.
1000+ Satisfied Clients and Counting:
With a commitment to client satisfaction, we've earned the trust of over 1000 clients through transparent and client-focused financial solutions.
100% Chit Value Securely Deposited:
Upholding the highest standards of financial security, Northeast Chit Fund Services safeguards your investments by depositing 100% of chit value with a Scheduled Bank.
Innovation in Tradition: Led by the dynamic leadership of Ritesh Agarwal and Nitin Agarwal, the next generation steering Northeast Chit Fund Services toward innovative financial solutions.
WHY CHOOSE NORTHEAST CHIT FUND ?
Top Chit Fund Company in Hyderabad
40+ Years of Combined Experience
1000+ Strong Satisfied Client Base
Fastest Chit Disbursal In The Industry
Chit Plans Ranging From...
Short-Term & Long-Term
Whether you're looking for short-term financial solutions or planning for a more extended investment, We provide chit plans with durations of 25 months for short-term needs and 50 months for long-term goals.
Retail and High Net Worth Options
Our chit plans are designed to meet the needs of both retail investors and high-net-worth individuals. From chits of Rs 5 lakh for retail investors to Rs 5 crore for high net worth, we ensure inclusivity.
How Does Chit Fund Work ?
The process involves a group of individuals coming together and pooling in a fixed dividend by each subscriber
Every month 1 subscriber borrows the pooled money. The chit plan lasts for the same number of months as the no. of subscribers
A reverse bid is held every month and whoever wins the chit auction takes the pooled amount. Rest is divided among the subscribers and given back
Chit Fund for Diverse Needs
Marriage Expenses
Educational Pursuits
House Construction
Business Ventures
Medical Expenses
Vehicle Purchase
Retirement Planning
Debt Consolidation
Our Happy Clients
FAQ'S
What is Chit Fund?
A chit fund is a financial scheme in which a group of individuals contribute money regularly, and one member is chosen each month to receive the pooled amount, making it a rotating savings and borrowing system.
Who is a subscriber?
“Subscriber” includes a person who holds a fraction of a ticket and also a transferee of a ticket or fraction thereof by assignment in writing or by operation of law.
Is Northeast Chit Fund safe?
Northeast Chit fund is the most trustworthy, safe, and reliable companion to help you reap maximum benefits from investing in chits.
How are Chit bid Payments Processed?
Customers who have paid up-to-date EMIs participate in auctions. The highest bidder at the specified time wins the chit. Payments are processed smoothly, and successful bidders need to submit necessary documents for verification.
What is the difference between Chit and Loan?
A chit fund is a group-based savings and borrowing scheme with no traditional interest rates, where members take turns accessing pooled funds. In contrast, a loan is a sum of money borrowed from a lender with fixed interest rates, typically for specific purposes, and does not involve group participation.
What range of Chits are available in Northeast Chit Fund?
We have Chits ranging from Rs 5 lakh, Rs 10 lakh, Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh for meeting the requirements of Retail investors. At the same time, we also have chits from Rs 30 lakh, Rs 60 lakh, Rs 90 lakh, Rs 1.25 Cr, Rs 2.50 Cr and Rs 5 Cr for the High Net worth individuals, and predominantly MSMEs.
How does Northeast Chit Fund Secure Member Investments?
Northeast Chit Fund ensures 100% security by depositing the chit value amount with a Scheduled Bank. Additionally, we follow strict compliance with the Central Chit Fund Act-1982.