Loan Schemes
At Ak Sahara Co-Operative Society, we provide tailored financial solutions to meet the diverse needs of our members.
Explore our loan offerings designed for flexibility, convenience, and affordability.
Ordinary Loan (General)
Our Ordinary Loan is designed to meet your day-to-day financial needs, whether for personal expenses, education, or emergencies.
- Loan Limit: Up to ₹7 Lakh
- Repayment Tenure: 75 monthly installments
- Interest Rate: 12% per annum, calculated on a daily reducing balance
- Key Benefits:
- Quick processing
- Flexible repayment schedule
Secured Loan Against Property
This loan is ideal for members who want to leverage their property to access larger funds.
- Loan Limit: Up to ₹20 Lakh
- Repayment Tenure: 100 monthly installments
- Interest Rate: 12% per annum, calculated on a daily reducing balance
- Key Benefits:
- Higher loan amounts for significant financial needs
- Competitive interest rates
- Longer repayment periods
Vehicle Loan
Drive your dream vehicle with our Vehicle Loan scheme, covering up to 80% of the vehicle's value.
- Loan Limit: 80% of the vehicle's on-road price
- Repayment Tenure: 36 monthly installments
- Interest Rate: 12% per annum, calculated on a daily reducing balance
- Key Benefits:
- Fast approval process
- Affordable EMIs
- Flexible loan terms
Members who pay all installments on time will receive a 10% rebate on the total interest paid.
Documents Required
We ensure a smooth and transparent documentation process for all our loan schemes. Here’s what you need:
Mandatory Documents
Address Proof:
Any valid proof other than Aadhaar or PAN card for the applicant and sureties.
Accepted documents:
- Voter ID
- Driving License
- Latest Electricity Bill
- Any government-recognized address proof
Aadhaar Card:
- A photocopy is mandatory for both the loanee and all sureties.
Self-Attestation:
- All photocopies must be self-attested.
Additional Requirements
Surety:
- One outsider male member must act as a surety for all types of loans.
Age Limit:
- Applicants and sureties must be below 60 years of age.
Share Money: For general loans:
- Applicant: 10% of the loan amount
- Sureties: 20% of the loan amount