Finance for new ventures and early-stage member businesses
Secured loan · members only
Secured startup loan
Secured finance for new ventures and early-stage business initiatives by eligible member entrepreneurs.
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 Startup Loan scheme—your dedicated financial partner for turning innovative ideas into thriving businesses. We understand that launching a new venture requires solid financial backing. By leveraging your existing assets as collateral, our secured startup loans provide the crucial initial capital you need to get your business off the ground.
Whether you are purchasing initial inventory, setting up your workspace, or covering early operational costs, we ensure you have the funds to build a strong foundation. At Nitya Vikas, we support your entrepreneurial journey with highly attractive interest rates, flexible repayment tenures, and zero hidden charges.
With our fast-track approval process and simple documentation, you can focus entirely on growing your business. Empower your entrepreneurial dreams. Apply for a Nitya Vikas Secured Startup Loan today and take the first confident step toward success.
Features
Key benefits
Business plan and cash-flow assessment before sanction
Secured by approved collateral as per startup loan policy
Disbursement linked to milestones where applicable
Renewal / review as per society guidelines
Eligibility
Who can apply
- Member entrepreneur with viable business proposal
- Adequate security for the requested startup limit
- Udyam / trade licence or registration where applicable
- Documented initial investment and projected cash flows
- No material default with the society or other lenders
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).
- Business plan and project report
- Registration / licence copies as applicable
- ITR and bank statements of the promoter
- Security-specific documents as advised by the branch
- Quotations / invoices for asset purchase where relevant
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.