Nayak Credit Souharda Co-Operative Society Ltd

Loans

Nayak Credit Souharda Co-Operative Society Ltd > Loans

One Stop Solutions For All Your Financial Needs

From establishing a business to owning a home, people need money for different purposes. At NAYAK CREDIT SOUHARDA CO-OPERATIVE SOCIETY LTD this lending is made simpler through a wide range of loans designed to cater to different needs of the people.

BUSINESS LOAN (B.L):

To Start a new business or to develop your existing business, we provide Business Loan with repayable at 36, 48 & 60 months. Up to 1 Crore.

Rate of Interest: 15% to 16% (Reducing Interest)

Documents required for Business Loan:-

  •  10% FD on loan amount.
  •  3 passport size photo.
  •  Identity Proof
  •  2 Surety – (SB a/c with Nayak Co-operative)
  •  LIC Assignment (Statement of Surrender value)
  •  Vehicle Hypothecation.
  •  Driving License Xerox
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  Business Licence
  •  IT Returns
  •  Rent Agreement
  •  Stock statement

HOUSING LOAN (H.L) & MORTGAGE LOANS (M.L):

For construction of New House, Apartments, Buildings, Renovation of existing building, Purchase of Shops or to Invest in Real Estate purpose, we provide you easy instalment repayable at 60, 72, 84 & 120 months. Up to 1 Crore.

Rate of Interest for Housing Loan : 12% (Reducing Interest)

Rate of Interest for Mortgage Loan: 15% (Reducing Interest)

Documents required for Housing Loan & Mortgage Loan :-

  • Identity Proofs:
  •  2 Surety – (SB a/c with Nayak Co-operative)
  •  Land Valuation Report.
  •  Building Valuation Report.
  •  Legal Advisor’s Report
  •  Encumbrance Certificate
  •  Record of Rights
  •  Mutation Entry
  •  Sale deed / Land Map / RTC / E-Swathu

VEHICLE LOAN (V.L):

We provide Spot Loan facility to our customers for purchase of Bike, Scooter, Auto-Rickshaw, Car, Truck, JCB etc., with easy documentations.

Rate of Interest: 13% to 14% (Reducing Interest) For new Vehicle

Documents required for Vehicle Loan:-

  •  3 passport size photo.
  •  Vehicle Quotation.
  •  Identity Proof
  •  Driving License Xerox
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  Aadhar Card Xerox
  •  2 Surety – (SB a/c with Nayak Co-operative)

HOUSE APPLIANCE LOAN (H.A.L):

For purchase of house appliance like T.V, Refrigerator, Furniture’s, Washing Machine etc., we provide easy monthly repayable loan facility.

Rate of Interest: 16% (Reducing Interest)

Documents required for House Appliances Loan:-

  •  3 passport size photo.
  •  Quotation of House appliance materials.
  •  Identity Proof
  •  2 Surety – (SB a/c with Nayak Co-operative)
  •  Driving License Xerox
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  Aadhar Card Xerox

PERSONAL LOAN (P.L):

This is a clean loan given to employees Private, Public and Government sectors in order to fulfil their commitments against security of two respectable sureties.

Rate of Interest: 16% (Reducing Interest)

Documents required for Personal Loan:-

  •  10% FD on loan amount.
  • 3 months salary slip
  •  3 passport size photo.
  •  Driving License Xerox
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  Aadhar Card Xerox
  • Identity Proof :–
  •  2Surety – (SB a/c with Nayak Co-operative)
  •  Latest 2 months Salary Slip.
  •  LIC Assignment (Statement of Surrender value)

EDUCATIONAL LOAN:

For pursuing higher education in India and abroad, we provide loan facility to the student for a courses of 5 Year (like MBA, MCA, LLB, MBBS, BE,..Etc.)

Rate of Interest: 16% (Reducing Interest)

Documents required for Educational Loan :-

  •  3 passport size photo.
  •  Driving License Xerox
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  Aadhar Card Xerox
  • Identity Proof :–
  •  LIC Assignment (Statement of Surrender value)

Solar water heater and lighting system, we provide loan facility with easy installments.

Rate of Interest: 16% (Reducing Interest)

Documents required for Solar Loan :-

  •  3 passport size photo.
  •  Driving License Xerox
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  Aadhar Card Xerox
    • Identity Proof :–

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  •  LIC Assignment (Statement of Surrender value)

WEDDING LOAN:

To ensure that all the arrangements are perfect for the wedding, we provide easy monthly repayable loan facility up to Rs-5 Lakhs.

Rate of Interest: 16% (Reducing Interest)

Documents required for Wedding Loan:-

  •  3 passport size photo.
  •  Driving License Xerox
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  Aadhar Card Xerox
  • Identity Proof :–
  •  LIC Assignment (Statement of Surrender value)

GOLD LOAN (G.L):

Get instant loan against gold with safe and secure loan processing on the spot. Loans advanced up to 80% of gold valuation.

4400/-per Gram : Based On Gold Value

Rate of Interest: 14% (Reducing Interest).

PIGMY DEPOSIT LOAN (P.D.L):

Loan against the security of Pigmy Deposit are provided for better convenience to the customers due to their day-to-day transactions.

Rate of Interest: 12% (Reducing Interest)

OVER DRAFT LOAN:

Loans provided for the business turn over

Rate of Interest: 16% (Reducing Interest)

Documents required for Over Draft Loan:-

  •  Business License
  •  Aadhar card xerox
  •  PAN card
  •  Voter ID Xerox
  •  Ration Card Xerox
  •  IT return
  •  Stock Statement
  •  Rent agreement