Credit to registered member groups with defined joint liability
Secured loan · members only
Secured group loan
Secured credit for registered member groups with joint liability and approved collateral as per society 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 Group Loan scheme—a collaborative financial solution designed to empower communities, self-help groups, and small business clusters.
We strongly believe in the power of collective growth. This unique scheme allows a group of individuals to come together and access substantial funds by pledging shared or individual assets as collateral. It is the perfect way to share financial responsibility, reduce individual burden, and achieve common economic goals together.
At Nitya Vikas, we support your collective ambitions by offering highly competitive interest rates and flexible, customized repayment schedules that suit the entire group. Experience a transparent process with minimal documentation and zero hidden charges. Empower your community and grow together. Apply for a Nitya Vikas Secured Group Loan today and turn your shared vision into reality.
Features
Key benefits
Structured repayment schedule aligned to group cash flows
Security and limit as per board-approved group lending policy
Branch support for constitution verification and monitoring
Transparent documentation and sanction letter terms
Eligibility
Who can apply
- Registered member group in good standing with the society
- Group constitution / resolution as per policy
- Adequate primary and collateral security for the proposed limit
- Repayment capacity demonstrated through group records
- Compliance with KYC and exposure limits
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. · Loan amount slab · Tenure (months) · ROI (%) · Processing fee (Rs)
| S No. | 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).
- Group resolution and member list with KYC
- Signed loan application (branch format)
- Security documents as per sanction
- Income / turnover proof of the group activity
- Bank statements and any guarantor papers as applicable
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.