Covers other board-approved secured loan products not named separately
Secured loan · members only
Secured loan
Other secured loan products offered under society rules and regulatory limits.
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 scheme—your dependable partner for acquiring substantial financial support when you need it the most. We understand that major life investments, property purchases, or business expansions often require a solid financial push. By pledging your assets as collateral, our secured loans offer you the perfect pathway to access larger funds at highly attractive interest rates.
We pride ourselves on a transparent, member-centric borrowing experience. At Nitya Vikas, you benefit from flexible repayment tenures carefully designed to keep your EMIs comfortable and stress-free. With minimal documentation, zero hidden charges, and a fast-track approval process, accessing the capital you need is easier than ever.
Unlock the true value of your assets without losing ownership. Choose a Nitya Vikas Secured Loan today and fund your biggest ambitions with absolute confidence.
Features
Key benefits
Security, limit, and tenure defined in the sanction letter
Flexible structuring within regulatory and policy caps
Member-only; no third-party unsecured exposure
Branch officer explains applicable circular before sanction
Eligibility
Who can apply
- Member eligible under the society’s general lending policy
- Security adequate for the requested limit
- Documented income / cash flow for repayment
- Compliance with single-borrower and exposure limits
- Board / committee approval where required
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. · Product variant · Loan amount slab · Tenure (months) · ROI (%) · Processing fee (Rs)
| S No. | Product variant | 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).
- Loan application and purpose declaration
- KYC documents (see lists below)
- Income and bank statements
- Security-specific documents as advised by the branch
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.