Secured loans
Property Mortgage Loan
A larger loan against your house, flat, shop or other property.
Interest rate
12.50%
per year
- Interest rate
- 12.50%*
- Maximum loan
- ₹75,00,000
- Maximum period
- 144 months (12 years)
- Early repayment charge
- None
Members only
Rates can change
Borrow up to ₹75 lakh against your property to grow your business, buy business premises, or for other needs. The loan amount is based on the valuation of the property. No charges if you repay early.
Who is this for?
- Traders and entrepreneurs who want to grow their business
- People buying premises for their business
- Salaried, professional or self-employed members who own property to offer as security
How does it work?
- Become a member and keep regular transactions in your savings / daily deposit account.
- Submit the loan application with the required documents at your branch and meet the branch officer.
- Offer your house, flat, shop or other property as security. The loan amount depends on its valuation.
- Pay monthly instalments by daily deposit collection, cheque or ECS. Repay early whenever you like, at no charge.
What can you use it for?
- Growing your business
- Buying premises for business
- Self-employment, retail trade, small industries, startups and large industries
- Other planned purposes
Features & benefits
- Finance based on your salary, business or professional income.
- Maximum loan approved based on the valuation of the property.
- Minimum service charges.
- No charges for repaying the loan early.
- Pay instalments through the daily deposit collection agent, by cheque, or by ECS (automatic debit from your bank account).
- Loan limit up to ₹75 lakh.
- Repay over up to 144 months (12 years).
- Interest rate 12.50%*.
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).
- The loan is given for self-employment, retail trade, small industries, startups, large industries, business growth and other planned purposes.
- Accepted as security: immovable property, movable property, machinery, raw material, finished goods, sales bills, or personal land.
- The loan can be in an individual's name, a partnership firm's name, or a company's name.
- A house, flat, shop or other property must be mortgaged for the loan.
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 required papers of the property given as security.
Rate table
Up to 144 months (12 years)
12.50%
Maximum amount₹75,00,000
* 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.
= 12 years
Monthly instalment (EMI)
₹6,719
12.50% · 12 years
- Loan amount
- ₹5,00,000
- Total interest
- ₹4,67,577
- Total repayment
- ₹9,67,577
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 | ₹19,207 | ₹61,424 | ₹4,80,793 |
| 2 | ₹21,750 | ₹58,881 | ₹4,59,042 |
| 3 | ₹24,631 | ₹56,001 | ₹4,34,412 |
| 4 | ₹27,892 | ₹52,739 | ₹4,06,520 |
| 5 | ₹31,585 | ₹49,046 | ₹3,74,934 |
| 6 | ₹35,768 | ₹44,864 | ₹3,39,166 |
| 7 | ₹40,504 | ₹40,127 | ₹2,98,662 |
| 8 | ₹45,867 | ₹34,764 | ₹2,52,795 |
| 9 | ₹51,941 | ₹28,690 | ₹2,00,854 |
| 10 | ₹58,819 | ₹21,813 | ₹1,42,035 |
| 11 | ₹66,607 | ₹14,024 | ₹75,427 |
| 12 | ₹75,427 | ₹5,204 | ₹0 |
Property Mortgage Loan
Enquiry form
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