Loans
The present times are highly unpredictable and may present different immediate financial needs in front of us. At Samridh Bharat Co-operative (U) Thrift & Credit Society Ltd., we understand this and help the residents of Delhi in meeting such needs, with our variety of loan schemes.
We offer different types of loans to our eligible members as below:
Our loans are easy to avail, provided that you fulfill our minimum eligibility criteria mentioned within different loan types
Regular (Personal) Loan
Needs may come in different forms and at expected and unexpected times. Be it for the higher education of your kids, their marriage, or your personal needs, like buying a motorcycle, traveling for leisure or pilgrimage, etc., we are there to help you!
Regular Loan Up to INR 4,00,000/-
Eligibility For Regular (Personal) Loan
Loan Tenure
- 12 months to 60 months
Interest Rate
- 1.25% per month (Reducing Rate Of Interest)
Processing Charge
- 1% of the approved loan amount
Other Charges
- Kalyan Fund = 1%
- Building Fund = 1%
- Verification Charges = INR 250 + GST per person
Non-Payment Of EMI
- Non Payment of the EMI till the last date applicable will incur an additional 0.25% (total 1.5%) Penal Interest for that particular month on the member.
Eligibility
- Borrower Must Be a Member of the Society for a minimum of six (6) months.
- If the borrower is a tenant, one of the guarantors must be a government employee or have their own house in Delhi.
- Share Money & Compulsory Deposit (CD) of the borrower must be 7% each of the total Loan Amount.
- The guarantors must be must be members of the society for a minimum of six (6) months
- Two (2) Guarantors who must be existing members of the Samridh Bharat Co-operative Society and should not be bankrupt or defaulters.
- The guarantors' CD money must be regularly deposited.
- The Share Money for both the Guarantors must be minimum INR 4,000/- each.
Documents Required
- A Government-Issued Photo ID Proof (like Aadhar Card, Voter ID Card, etc.)
- PAN Card
- Address Proof (Water/Electricity Bill Compulsory)
- For Tenants - Rent Agreement & Water/Electricity Bill of Landlord (Compulsory)
- Two (2) Passport Size Latest Photos
- Income Proof (3 Months’ Salary Slip & 6 Months Bank Statement, Previous Two Years’ ITR File/Affidavit)
- Three (3) AC Payee Blank Cheques (CTS Cheques) With Signature
- Enabling ECS for Auto-Debit of the Loan EMI is Mandatory
Loan Against FD, Swarnim Bhavishya Yojna & MIS
Willing to get the best out of your deposits? It’s possible at Samridh Bharat!
Now, you can avail of loans against your FD, Swarnim Bhavishya Yojna or MIS amount without having to close your selected plan prematurely. Here’s how!
Suppose you have a 3-year FD and you have an urgent need for money, which you can pay within a year. In such a case, you can avail of a loan of up to 90% of your FD or Swarnim Bhavishya Yojna amount and up to 40% of your MIS amount while earning up to 12.25% interest on your FD/MIS throughout the tenure of your deposits.
Loan Against FD & Swarnim Bhavishya Yojna - Up to 90% Loan Against MIS - Up to 40%
Eligibility For Loan Against FD, Swarnim Bhavishya Yojna & MIS
Interest Rate
- 2% more than the interest on which the FD, Swarnim Bhavishya Yojna or MIS plan is taken.
Processing Charge
- 1% of the approved loan amount
Eligibility
- The Borrower must be a member of the society and have an FD against which he/she is taking a loan.
Documents Required
- Two (2) Passport Size Latest Photos
- Three (3) AC Payee Blank Cheques (CTS Cheques) With Signature
- Enabling ECS for Auto-Debit of the Loan EMI is Mandatory
Non-Payment Of EMI
- Non Payment of the EMI till the last date applicable will incur an additional 0.25% (total 1.5%) Penalty Interest for that particular month on the member.
Loan Against Property
Make the best use of your immovable assets to meet your bigger financial needs.
Use your property as a collateral and get loans at lower interest rates.
Loan Against Property Up To INR 8,00,000/-
Eligibility For Loan Against Property
Loan Tenure
- Up to 60 months
Interest Rate
- 15% per annum (1.25% per month on Reducing Balance)
Processing Charge
- 1% of the approved loan amount
Other Charges
- Kalyan Fund = 0.5%
- Building Fund = 0.5%
- Verification Charges = INR 250 + GST per person and INR 500 + GST for the Property
Non-Payment Of EMI
- Non Payment of the EMI till the last date applicable will incur an additional 0.25% (total 1.5%) Penal Interest for that particular month on the member.
Eligibility
- Borrower Must Be a Member of the Society for a minimum of six (6) months.
- Share Money & Compulsory Deposit (CD) of the borrower must be 7% each of the total Loan Amount.
- The guarantor must be must be members of the society for a minimum of six (6) months
- One (1) Guarantor who must be an existing member of the Samridh Bharat Co-operative Society and should not be bankrupt or a defaulter.
- The Share Money for the Guarantors must be a minimum of INR 4,000/-.
Documents Required
- A Government-Issued Photo ID Proof (like Aadhar Card, Voter ID Card, etc.)
- PAN Card
- Address Proof (Water/Electricity Bill Compulsory)
- For Tenants - Rent Agreement & Water/Electricity Bill of Landlord (Compulsory)
- Two (2) Passport Size Latest Photos
- Income Proof (3 Months’ Salary Slip & 6 Months Bank Statement, Previous Two Years’ ITR File/Affidavit)
- Three (3) AC Payee Blank Cheques (CTS Cheques) With Signature
- Enabling ECS for Auto-Debit of the Loan EMI is Mandatory
- Originals of the Property Papers (To be locked at the Society until the Complete Repayment of the Loan by the Borrower)
Emergency Loan
Our Emergency Loan comes in handy in case of emergent situations, like facing a medical urgency, buying a new laptop or smartphone, arranging a birthday party, buying a great gift for someone, repairing a damaged smartphone, or a major breakdown in your car.
Emergency Loan Up to INR 50,000/-
Eligibility For Emergency Loan
Loan Tenure
- 12 months - 24 months
Interest Rate
- 1.5% per month (Reducing Rate Of Interest)
Processing Charge
- 1% of the approved loan amount
Other Charges
- Kalyan Fund = 0.5%
- Building Fund = 0.5%
- Verification Charges = INR 250 + GST per person
Non-Payment Of EMI
- Non Payment of the EMI till the last date applicable will incur an additional 1 % (total 2.5%) Penal Interest for that particular month on the member.
Eligibility
- Borrower Must Be a Member of the Society for a minimum of six (6) months.
- Share Money & Compulsory Deposit (CD) for an Emergency Loan of Up to INR 25,000/- shall be INR 5000/- each and for up to INR 50,000/- it shall be INR 10,000/- each.
- Two (2) Guarantors who must be existing members of the Samridh Bharat Co-operative society and should not be bankrupt of defaulters.
- If the borrower is a tenant, one of the guarantors must be a government employee or have their own house in Delhi.
- The Share Money for both the Guarantors must be minimum INR 4,000/- each.
Documents Required
- A Government-Issued Photo ID Proof (like Aadhar Card, Voter ID Card, etc.)
- PAN Card
- Address Proof (Water/Electricity Bill Compulsory)
- For Tenants - Rent Agreement & Water/Electricity Bill of Landlord (Compulsory)
- Two (2) Passport Size Latest Photos
- Income Proof (3 Months’ Salary Slip & 6 Months Bank Statement, Previous Two Years’ ITR File/Affidavit)
- Three (3) AC Payee Blank Cheques (CTS Cheques) With Signature
- Enabling ECS for Auto-Debit of the Loan EMI is Mandatory
Short-Term Loan
Want to buy something? Is there an upcoming event requiring some cash? Don’t worry! We are here for you!
Now, don’t wait another year to travel to your dream destination, or buy a new smartphone or laptop, going on a date, or simply going on a honeymoon or arranging a party. Get your immediate financial needs met with our easy-to-avail Short-Term Loan Plan.
Short-Term Loans of Up To INR 2,00,000/-
Eligibility For Short-Term Loan
Loan Tenure
- 3 to 12 months
Interest Rate
- Flat 2% per month (Non-reducing)
Processing Charge
- 1% of the approved loan amount
Other Charges
- Kalyan Fund = 0.5%
- Building Fund = 0.5%
- Verification Charges = INR 250 + GST per person
Non-Payment Of EMI
- Non Payment of the EMI till the last date applicable will incur an additional 0.25% (total 2.25%) Penal Interest for that particular month on the member.
Eligibility
- Borrower Must Be a Member of the Society for a minimum of six (6) months.
- Share Money & Compulsory Deposit (CD) of the borrower must be 7% each of the total Loan Amount.
- The guarantors must be must be members of the society for a minimum of six (6) months
- Two (2) Guarantors who must be existing members of the Samridh Bharat Co-operative Society and should not be bankrupt of defaulters.
- If the borrower is a tenant, one of the guarantors must be a government employee or have their own house in Delhi.
- The Share Money for both the Guarantors must be minimum INR 4,000/- each.
Documents Required
- PAN Card
- Address Proof (Water/Electricity Bill Compulsory)
- For Tenants - Rent Agreement & Water/Electricity Bill of Landlord (Compulsory)
- Two (2) Passport Size Latest Photos
- Income Proof (3 Months’ Salary Slip & 6 Months Bank Statement, Previous Two Years’ ITR File/Affidavit)
- Three (3) AC Payee Blank Cheques (CTS Cheques) With Signature
- Enabling ECS for Auto-Debit of the Loan EMI is Mandatory
INR 5.00/- for SMS charges and INR 5.00/- for software charges are mandatory and must be paid monthly by each member.