Small-ticket secured loans for micro enterprise and household needs
Secured loan · members only
Secured micro loan
Small-ticket secured facilities for micro enterprise and household needs within policy 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 Micro Loan scheme—a targeted financial solution designed specifically to uplift small-scale entrepreneurs, artisans, and everyday individuals. We understand that sometimes, even a small amount of capital can make a massive difference in sustaining a livelihood or expanding a micro-business.
By pledging a minimal asset, our secured micro loans grant you quick access to essential funds at highly attractive and affordable interest rates. At Nitya Vikas, we are deeply committed to grassroots financial inclusion. We offer flexible, bite-sized repayment schedules that perfectly match your cash flow, ensuring completely stress-free EMIs.
With zero hidden charges, minimal paperwork, and rapid disbursements, getting the financial boost you need is easier than ever. Apply for a Nitya Vikas Secured Micro Loan today and take a confident step toward true self-reliance.
Features
Key benefits
Simplified processing within policy limits
Short to medium tenure with structured EMIs
Collateral as per micro loan scheme circular
Quick branch turnaround once documents are complete
Eligibility
Who can apply
- Active member within micro loan amount slabs
- Documented income or activity supporting repayment
- Eligible security as per policy matrix
- KYC up to date with the society
- Compliance with society lending 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).
- Loan application (branch format)
- Identity and address proof (KYC section)
- Income proof or activity evidence
- Bank statements as required for the amount
- Security documents as per sanction
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.