LOAN AND ADVANCES

In Our Sahakari we have several Types of Loans, are as belows

SECURED LOAN: SL

The loans which are fully secured in all sorts of our co operative are Secured loan.
Rate of intrest: 18.5% upto 100000 and 18% for above 100000/-

PROCEDURE FOR SECURED LOANS ON SITES

After collection of documents it should be followed with below said criteria

  1. Spot inspection
  2. legal opinion
  3. approval from the board
  4. surety details approval
  5. registration for mortgage (DTD)
  6. Loan application recording and releasing the loan

The process will be for about 4-5 days according to the availability of exact documents

COLLATERAL HAND LOAN: CHL

The loans which are having collateral security upon which our co operative can sanction above 20-25% of the security offered upon risk

PROCEDURE FOR COLLATERAL HAND LOAN

After collection of documents it should be followed with below said criteria

  1. LIC policy must be assigned and along with surrender value certificate
  2. The vehicle will be valuated and the documents after checking and after hypothecation and insurance with hp entry, this loan can be sanctioned upon 40% risk

HAND LOAN: HL

PROCEDURE FOR HAND LOAN

After collection of documents it should be followed with below said criteria

  1. Application with all details furnished along with cheques of applicant and Guarantor
  2. This loan can be sanctioned upon 100% risk

LOAN ON MOTOR VEHICLE: LMV

PROCEDURE FOR LOAN ON MOTOR VEHICLE
After collection of quotation we will receive down payment documenting details of customers and guarantor, then DD will be issued along with covering letter for hypothecation, afterwards we will collect remaining documents after registration of vehicle.

SOUHARDA DAILY RECOVERY LOAN: SDRL

PROCEDURE FOR SOUHARDA DAILY RECOVERY LOAN

In this loan we collect interest before issuing loan they have to repay in daily equal installments in period of 100 days
Example: If we issue 10000, loan means they have to repay Rs.100 daily for 100days.

SECURED MORTEGAGE TERM LOAN: SMTL

The loans, which are fully secured in all sorts of our co-operative, are Secured loan.

PROCEDURE FOR SECURED MORTEGAGE TERM LOANS ON SITES

After collection of documents it should be followed with below said criteria

  1. Spot inspection
  2. Legal Opinion
  3. Approval from the board
  4. Surety details approval
  5. Registration for mortgage (DTD)
  6. Loan application recording and releasing the loan
  7. In this loan they can draw the loan amount at a time or any time as per their requirement
  8. Interest will be charged only for the debited amount and there is no premature closure charges
  9. The customer should repay the interest with in 3months once or the interest must not be pending out of a financial year

The process will be for about 4-5 days according to the availability of exact documents

LOAN ON TERM DEPOSIT: LTD

The loans, which are made upon their investments in our sahakari, which are fully secured

PROCEDURE FOR LOAN ON TERM DEPOSIT

After collection of documents it should be followed with below said criteria

  1. Collect the bonds with discharge signatures on the Certificates/ Bonds /RD Pass Books
  2. Loan application recording and releasing the loan
  3. There will be customer desire for repayment of loan principle/ Interest with in the taken duration
  4. Account will be made lien in that particular deposit ledger to the loan

The process will be for about 10 -15min according to the availability of exact documents

JEWEL LOAN: JL

PROCEDURE FOR JEWEL LOAN

After collection of documents it should be followed with below said criteria

  1. Get the Appraisers Report, upon their report we can fund up to 90%
  2. On the other hand, we can pay 1500 for net weight of the jewels
  3. Loan application recording and releasing the loan
  4. There will be customer desire for repayment of loan principle/ Interest with in the taken duration
  5. The Jewels will be kept in our lockers with labeling and issuing acknowledgement to customers

The process will be for about 10-15min according to the availability of exact documents

Services
DEPOSITS

Secure your money and watch it grow more

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SAVING ACCOUNT

We have accounts to help you meet your indivisual and family goals

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E-STAMPING

Secured electronic way of stamping documents and paying stamp duty to government

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LOAN AND ADVANCES

When your low on cash we can help you

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GENERAL INSURANCE

Plans that let you protect your family, invest your hard earned money and save tax too

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