Working capital or term loans for eligible business members
Secured loan · members only
Secured business loan
Secured business finance backed by immovable property and assessment as per society guidelines.
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 Business Loan scheme—your trusted financial partner for enterprise growth. We understand that taking your business to the next level, whether upgrading infrastructure, managing working capital, or purchasing new inventory, requires substantial and timely funding.
By leveraging your assets as collateral, our secured business loans provide access to significant capital at highly competitive interest rates. At Nitya Vikas, we are dedicated to fueling your commercial success. We offer flexible repayment tenures customized to match your business cash flow, ensuring your monthly EMIs remain manageable and completely stress-free.
Experience a seamless borrowing process with rapid approvals, straightforward documentation, and absolute transparency with zero hidden charges. Accelerate your growth today. Apply for a Nitya Vikas Secured Business Loan and build a stronger, more profitable future.
Features
Key benefits
Primarily secured by mortgage of immovable property
Assessment of business cash flows and banking conduct
Disbursement linked to stock / invoices where applicable
Renewal / review as per policy
Eligibility
Who can apply
- Member running business with documented turnover
- Mortgageable immovable property with clear title
- GST / Udyam / trade licence as applicable
- ITR and financial statements for requested exposure
- No default with the society or other lenders (material)
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. · Facility · Loan amount slab · Tenure (months) · ROI (%) · Processing fee (Rs)
| S No. | Facility | Loan amount slab | Tenure (months) | ROI (%) | 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).
- Business registration and GST returns (if applicable)
- Last 2–3 years ITR and audited / CA-certified financials
- Bank statements (current account)
- Property documents for mortgage security
- Project / purpose note for term limits
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.
Planning tool
Use the EMI calculator for indicative instalments. Final sanction, rate, and tenure are per branch circular and approval.
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.