Longer-tenure facilities against registered mortgage
Secured loan · members only
Secured mortgage loan
Secured loan against mortgage of immovable property for approved purposes.
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 Mortgage Loan scheme—a powerful financial tool designed to unlock the hidden value of your real estate. We understand that major life milestones, medical emergencies, or significant business expansions require substantial funding. By pledging your residential or commercial property, you can access significant capital while retaining full ownership and use of your asset.
Our mortgage loans are carefully crafted to offer you the maximum loan amount against your property's value at highly attractive interest rates. At Nitya Vikas, we prioritize your financial comfort by providing long, flexible repayment tenures that keep your monthly EMIs completely stress-free.
Enjoy a transparent borrowing experience with fast-track processing, minimal documentation, and absolutely zero hidden charges. Leverage your most valuable asset smartly. Apply for a Nitya Vikas Secured Mortgage Loan today and fulfill your biggest aspirations with confidence.
Features
Key benefits
Suited for larger ticket needs within policy limits
EMI-based repayment with clear amortisation schedule
Legal due diligence and valuation as per norms
End use restricted to approved purposes under the scheme
Eligibility
Who can apply
- Member with marketable immovable property
- Margin and LTV as per board-approved matrix
- Income adequate for proposed tenure
- No material litigation affecting the security property
- 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) · Max LTV (%) · ROI (%) · Processing fee (Rs)
| S No. | Loan amount slab | Tenure (months) | Max LTV (%) | 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).
- Complete title folder and encumbrance certificate
- Latest tax receipts and site sketches if required
- Income proof and net-worth statement
- Guarantor documents if stipulated
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.