Liquidity without breaking your FD / RD / MIS prematurely
Secured loan · members only
Secured loan against deposit
Secured borrowing against your fixed or recurring deposits without premature withdrawal, as per policy.
Member-only
Secured lending
Visit nearest branch
About this secured loan
Why members consider this facility
Welcome to the Nitya Vikas Co-operative Society Secured Loan Against Deposit scheme—the smartest way to access instant funds without breaking your valuable savings. We understand that sudden financial needs can arise, and prematurely closing your Fixed or Recurring Deposits means losing out on your hard-earned interest.
Our scheme allows you to leverage your existing Nitya Vikas deposits as collateral to secure a quick loan, ensuring your original investment continues to grow uninterrupted. You enjoy the dual benefit of earning steady interest on your savings while paying a highly competitive rate on the borrowed amount.
With instant approvals, flexible repayment options, zero hidden charges, and minimal documentation, emergency funding is always within reach. Keep your savings intact while managing your liquidity needs effortlessly. Apply for a Nitya Vikas Loan Against Deposit today for absolute financial peace of mind.
Features
Key benefits
Lien marked on the deposit receipt in favour of the society
Interest rate typically linked to deposit rate plus spread (circular)
Faster turnaround with minimal additional documentation
Repayment aligned to deposit maturity or EMI as per product
Eligibility
Who can apply
- Member holding eligible deposit(s) with the society
- Deposit free of lien except as applied for this loan
- Loan amount within permitted percentage of deposit
- KYC up to date on both loan and deposit accounts
Particulars
Secured loan slabs & terms
Effective date: not published on the site yet. Share the circular date and slab values to display them here; until then, confirm ROI, fees, and limits at your nearest branch.
Confirm at branch
Column order S No. · Deposit type · Max % of deposit · Tenure cap (months) · ROI spread above deposit (%) · Processing fee (Rs)
| S No. | Deposit type | Max % of deposit | Tenure cap (months) | ROI spread above deposit (%) | Processing fee (Rs) |
|---|---|---|---|---|---|
| No numerical rows are published on the site yet. Send slab values (and optional effective date) for the columns above; we will publish them without inventing numbers. | |||||
KYC documents
Acceptable proof of identity & address
The same long-form lists used for saving account KYC apply for loan applications (light formatting only).
Proof of identity (any one)
- Passport
- Voter ID card
- PAN card
- Driving licence
- Aadhaar card
- Government / Defence ID card
- ID card of reputed employer
- Pension payment order
- Photo ID card issued by post office
- Photo ID card issued by university
- Photo ID card issued by public authority
- NREGA card
- Photo ration card
- Senior citizen ID card
Proof of address (any one)
- Credit card statement (not more than 3 months old)
- Income / wealth tax assessment order
- Electricity bill (not more than 6 months old)
- Telephone bill (not more than 3 months old)
- Bank account statement
- Letter from reputed employer
- Letter from public authority
- Ration card
- Voter ID card (only if it contains the current address)
- Lease deed / sale deed
Loan paperwork
Documents for this scheme
In addition to KYC above, carry the following (branch may request more as per sanction).
- Original / duplicate deposit receipt(s)
- Loan application for lien marking
- Identity and address proof (KYC section)
- Passport-size photographs
How to apply
Simple four-step flow
Visit your nearest branch with identity, address, and income / security documents as per the checklist.
Submit the loan application form; our staff will explain the scheme, margin, and repayment schedule.
Legal / valuation and credit assessment are completed as per board-approved policy.
On sanction, execute loan documents; disbursement is made as per the sanction letter and circular.
Lending is subject to eligibility, adequate security, and regulatory limits applicable to mutual benefit societies. EMI default may attract penal interest and recovery as per the loan agreement and law. Confirm all terms, fees, and rates at the branch before you sign.
Indicative figures
For this product, limits and pricing depend on deposit lien / ornament valuation. Visit the branch with your documents for an exact quote — no online calculator is linked for this scheme.
Latest updates
News & circulars
Next step
Apply or enquire at the branch
Talk to DURGAPRASAD — DO No. 15-19-40, 1st Floor, Opp. Kanyaka Parameswari Temple, Main Road, Old Town, Repalle — 522265.