Types of Loans :

Home Loan (immovable property loan) – To meet the financial needs of build own house, purchase new constructed home,take over loan
Gold Loan - For any personal, Domestic Reason or to meet any urgent financial needs.
Personal Loan – To meet your financial needs for Room Repair, Marriage etc.
Small scale Personal Loan - To meet your financial needs for your personal use.
Salary Deduction Loan - To meet your financial needs forhouse renovation, school education, marriage, repayment of outside loan etc.
Fix Deposit Loan - To fulfill any urgent medical treatment expenses or to repay of outside loan
Higher Education Loan - For Domestic Higher Education.
Business Loan (Mortgage Loan) - To Purchase of Stock, Material, Goods or Machinery, Developing and expansion of Business.
Mortgage Loan - To meet the financial needs of buying a resale house, or for Home or Office renovation.
Unsecured Loan - For any personal, Domestic Reason or to meet any urgent financial needs.
Three Wheeler Vehicle Loan - For Purchasing New Three Wheeler Vehicle.

Loan Schemes

Some important tips regarding lending :

It is not mandatory to provide loan to each and every member without collecting proper security from the Member
Loan will be disbursed as per guidelines set by Annual general meeting and sub-registrar
According to loan amount it is necessary to provide 2 or 3 guarantors out of which one must be a government or semi government employee
Interest will calculated on outstanding loan amount
20% of Loan amount must be kept as margin money (for additional security)
It is mandatory to Borrower and Guarantors to submit Photo, Residence proof and Income proo
Charges pertaining to Legal Documents for creating mortgage (as per requirement), Visit Report of Managing committee and Property Valuation Report will have to borne by the Borrower
Patpedhi is providing security to its Borrower Member under JeevanVima Policy (Loan Insurance Scheme)
Defaulter and their Guarantors are requested to co-operate with SVSP after they get any notice from SVSP this will help them to reduce the inconvenience caused by judicial proceedings
Members should note that, if they want to pay the loan installment online, they can get the information of all the bank accounts of the organization by clicking on 'Contact us' on this website.

If you have any enquiry please click here Enquiry.
If you have a bank detail please click here

Notice For Members

It is mandatory to all the members to become an "Active Member" by participating actively in the operations of the SVSP. To avail the status of an "Active Member", he / she must transact once in last five consecutive years by depositing Rs. 5000/- in any Fixed Deposits scheme or must avail a minimum loan of Rs. 5000/- from SVSP. He / She must attend at least two Annual General Meeting in last five consecutive years. Member should not be a Defaulter or Guarantor of any Default Member. If any member fails to fulfill the above criteria then he / she will be treated as "Inactive Member"
According to 97th amendment of Co-operative Society’s Act, he / she must submit KYC form and self-attested copies Pan Card, Aadhar Card, Office ID Card etc. along with the Membership Application. Hence we request all the members to submit the KYC form and co-operate with us.
All the members are requested to keep informed SVSP regarding their latest Residence Address, whatsapp number and e-mail ID, Office Address and legal heirs from time to time.(in case of any change)
For updating any new information to your account you can visit at any branch near you or you can go to 'Download section' of this website and download 'KYC Form'. Fill the form and send it to usalong with your self-attested documents.
Every Member must maintain minimum balance of Rs. 1,000/- in Savings Account and Rs. 1,000/- in Share Capital Account
Senior Citizen Members get extra 0.25% p.a. interest rate on their Fixed Deposits.
After Maturity of Fixed Deposits, Members are requested to renew them within 14 days of the date of maturity.
Auto renew function will not be applicable for investments made in special deposit scheme.

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Loan Interest Rate

Loan Type	Maximum Loan Limit	Loan Interest Rate	Loan Period
Home Loan (immovable property mortgage loan)	5000000	10%	240 months
Gold Loan	500000	10%	12 months
Personal Loan	100000	11%	36 months
Salary Deduction Loan	100000	10%	36 months
Higher Education Loan	750000	10%	60 months
Business Loan (Mortgage Loan)	1000000	12%	84 months
Mortgage Loan	5000000	10%	240 months
Unsecured Loan	500000	14%	60 months
Three Wheeler Vehicle Loan	150000	13%	36 months
Loan against Deposit	85% on Deposit amount	2% extra on deposit rate	Till deposit maturity date

Fixed Deposit

Period	Interest Rate	Senior Citizen
46 Days to 90 Days	5.00%	5.25%
91 Days to 180 Days	5.50%	5.75%
181 Days to 364 Days	5.75%	6.00%
12 months to 24 months	7.00%	7.25%
25 months & above	6.50%	6.75%

Share Capital	1000/-
Saving A/c	1000/-
Entrance fee & other charges	30/-(GST Inclusive)
Total Rs.	2030/-(Two Thosand and thirty rupess only)