Secured personal-purpose credit within policy-permitted uses
Secured loan · members only
Secured personal loan
Secured personal-purpose credit for eligible members against approved security and documented repayment capacity.
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 Personal Loan scheme—your reliable financial partner for meeting personal life goals with the backing of your assets. Whether you are planning a dream wedding, funding higher education, or managing unexpected medical expenses, this loan allows you to leverage your existing assets for instant financial support.
We understand that important life milestones require timely funding, which is why we offer a completely hassle-free borrowing experience. At Nitya Vikas, we prioritize your convenience by offering attractive interest rates, flexible repayment tenures, and a fast-track approval process with minimal documentation.
With absolute transparency and zero hidden charges, you can borrow with confidence and manage your finances effortlessly. Don’t let temporary constraints pause your dreams. Choose a Nitya Vikas Personal Loan today and step forward with financial freedom.
Features
Key benefits
EMI-based repayment with clear amortisation schedule
Competitive terms within regulatory ceilings (as per circular)
Dedicated branch officer for queries and repayment
Prepayment norms as per board-approved guidelines
Eligibility
Who can apply
- Active member of the society in good standing
- Minimum age 18 years; repayment capacity assessed by the branch
- Adequate security as per personal loan policy
- Clean repayment track where prior borrowings exist
- Compliance with KYC and AML guidelines
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).
- Latest passport-size photographs
- Signed loan application and purpose declaration
- Income proof: salary slips / Form 16 / ITR as applicable
- Bank statements (typically last 6–12 months)
- Security and guarantor 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.