Secured loans
Business Loan
A loan to start a new business, or to buy machinery, furniture and stock.
Interest rate
12.75%
per year
- Interest rate
- 12.75%*
- Maximum loan
- ₹50,00,000
- Maximum period
- 84 months (7 years)
Members only
Rates can change
A term loan of up to ₹50 lakh to start a new business or grow an existing one. Repay over up to 7 years. The loan can be in your own name or your partnership firm's name.
Who is this for?
- People starting a new business
- Self-employed people, retail traders, small and large industries
- Business owners who need machinery, furniture or stock
How does it work?
- Become a member and keep regular transactions in your savings / daily deposit account.
- Submit the loan application at your branch with business licences, statements of machinery / stock and other documents.
- Offer property, machinery, goods or sales bills as security.
- Once the loan is approved, you receive the money. Then pay monthly instalments (EMI) over the agreed period.
What can you use it for?
- Starting a new business
- Growing a business
- Buying machinery
- Buying furniture
- Buying stock / goods
Features & benefits
- Loan available to start a new business or grow your business.
- Loan limit up to ₹50 lakh.
- Repay over up to 84 months (7 years).
- Interest rate 12.75%*.
Who can apply
- You must be a member of the society.
- You should have regular transactions in your savings or daily deposit account. This helps the society check your creditworthiness (how reliably you can repay).
- You should be able to repay the loan yourself (regular income).
- These term loans are given for self-employment, retail trade, small industries, large industries, business growth and other planned purposes.
- The loan is given against immovable property, movable property, machinery, raw material, finished goods and sales bills.
- The loan can be in an individual's name or a partnership firm's name.
Documents you need
Keep this list ready
- Photos of the borrower and the guarantor on the loan application.
- Salary slips of the borrower and the guarantor, and their Income Tax Returns (ITR) for the last 3 years, certified by a CA.
- Identity proof and address proof of the borrower and the guarantor.
- Copies of bank statements / passbooks of the borrower and the guarantor for the last 6 months.
- All licences and permits related to your business.
- Statements (lists) of machinery, property and stock.
- All required papers of the property given as security.
Rate table
Up to 84 months (7 years)
12.75%
Maximum amount₹50,00,000
* Interest rates can change from time to time. · Rates as published on 15 September 2026
Work it out yourself
Enter the amount, rate and period to instantly see what you will receive or what your instalment will be.
= 7 years
Monthly instalment (EMI)
₹9,028
12.75% · 7 years
- Loan amount
- ₹5,00,000
- Total interest
- ₹2,58,366
- Total repayment
- ₹7,58,366
This is an estimate (interest is worked out monthly on the reducing balance). The actual EMI may differ slightly as per the society's rules. Please confirm at your branch.
Year-by-year repayment
| year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹47,288 | ₹61,050 | ₹4,52,712 |
| 2 | ₹53,682 | ₹54,656 | ₹3,99,029 |
| 3 | ₹60,941 | ₹47,397 | ₹3,38,088 |
| 4 | ₹69,182 | ₹39,156 | ₹2,68,906 |
| 5 | ₹78,537 | ₹29,801 | ₹1,90,369 |
| 6 | ₹89,157 | ₹19,181 | ₹1,01,213 |
| 7 | ₹1,01,213 | ₹7,125 | ₹0 |
Business Loan
Enquiry form
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