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Loan policy
Sri Raksh Kuteer Homz
A Home Loan so simple, that it doesn't just help you fulfil your dream of buying a house, it helps you make a home out of a house.
Who can Borrow  Individuals (singly/Jointly)
Purpose Purchase of flat, construction of new houses/bungalows on ownership Basis
Limit   Max. Limit Rs.70.00 lacs
Security Mortgage of Residential premises to be purchased
Margin 10% of Sale Deed consideration for Loans up to Rs.30 Lacs
20% of Sale Deed consideration for Loans above Rs.30 Lacs
Repayment  Max 120 months.
Branches to obtain 6 (undated) security cheques as the case may be, before disbursement in which only the name of the payee should be filled/ mentioned as "Sri Raksh Souhardha Credit Co-op Ltd". (These cheques should be held safely along with documents All gold loans/OD A/c to be closed on or before the due date from own source.
Processing Fees     0.65% + GST as applicable from time to time (subject to a minimum of Rs.5,000/- + GST).
Legal & Documentation Charges On Actual Basis
Pre-requisites 1.Should be an income Tax Assessee
2.Individuals employed/engaged in business/Professionals having a fair repaying capacity to justify servicing of monthly instalments.
3.Income Tax Returns for the last three years along with computation of income.
4.Copies of the relevant documents of the property to be purchased / constructed.
Loan Foreclosure Charges 1.2% for pre-closure within 2 years subject to self-closure.
Charges for late payment of loan amount 2% p.a. as penal interest over and above applicable rate of interest.
Sri Raksh Retail Mortgage Loans
Whether it's higher education, business expansion or a brand-new vehicle, with Sri Raksh Retail Mortgage Loans, you can put your property to good use and make some dreams come true!
Who can Borrow   Individuals (singly/Jointly) except stock/share broker/s
Purpose To offer instant solutions relating to business needs or for personal needs any other productive legitimate purpose & not for speculative activities.
Education, Acquisition of assets
Undertake expansion, acquire business assets, renovation in business premises
Security Mortgage of immovable property (excluding open Plot of Land and Agricultural Land)  
Security Mortgage of Residential premises to be purchased
Margin
Sr. No. Property Agreement Date /Purchased on % of Security Margin
1 Up to 1 year 20% of Realizable Value OR Market value whichever is less. (Max Rs.70 Lakh against Residential Premises)
2 Above 1 year & up to 2 years 25% Of Realizable value
3 Above 2 years 30% Of Realizable Value
Loan Amount  Against commercial property Rs. 300.00 lakh.
Against residential property Rs. 100.00 lakh.
Repayment Period Maximum 120 months
Branches to obtain 6 (undated) security cheques as the case may be, before disbursement in which only the name of the payee should be filled/ mentioned as "Sri Raksh Souhardha Credit Co-op Ltd". (These cheques should be held safely along with documents All gold loans/OD A/c to be closed on or before the due date from own source.
Processing Charges     1.00% plus GST (Minimum Rs.5,000/- + GST)
Documentation & legal Charges As applicable
Prerequisites 1. Application form along with KYC documents &Income Proof
2. Property to be mortgaged should be in the name of the borrower.
3. Latest valuation report from bank’s approved valuer.
Foreclosure Charges & Charges for late payment of loan amount 2% p.a. as penal interest over and above applicable rate of interest.
Sri Raksh Office Mortgage Loans
It is a hidden treasure with which you can fuel a dozen more dreams! Now be it a business expansion, or opening a new branch, put your property to good work with Office Mortgage.
Who can Borrow    People engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies & individuals with high net worth 
Purpose Purchase/construction of commercial premises.
Limit   Max. Limit Rs.300 lacs
Security Mortgage of commercial premises to be purchased
Margin 10% of Realizable value for loans up to Rs.30 Lacs
20% of Realizable value for loans above Rs.30 Lacs
Repayment  Repayment 5 years – 10 years by way of EMIs.    Branches to obtain 6 (undated) security cheques as the case may be, before disbursement in which only the name of the payee should be filled/ mentioned as "Sri Raksh Souhardha Credit Co-op Ltd". (These cheques should be held safely along with documents All gold loans/OD A/c to be closed on or before the due date from own source.
Processing Fees     1% of the loan amount   Plus S.T. (Minimum Rs.5000/- + GST)
Fore-closure & Charges for late payment of loan amount 2% p.a. as penal interest over and above applicable rate of interest.
Legal & Documentation Charges On Actual Basis
Prerequisites 1.Income Tax Returns for the last three years along with computation of income of Individuals /Partners/Directors.
2.Audited Financial statements for the last three years of the firm/companies
3.Copies of the relevant documents of the property to be purchased /constructed.
Sri Raksh Gold Power
Why should gold be an investment only for the future? With Sri Raksh Gold Power Loans, you can make the best of your heritage & make a few more dreams possible today!
Who can Borrow   Individual (Singly)
Purpose For any legitimate purposes not for speculative purpose
Max. Finance available   Rs.10.00 lacs 
Security Pledge of Gold Ornaments & jewellery
Margin 30% on the fair value of the security to be pledged
Repayment  1. Limit up to Rs.1 Lac Demand Loan- subject to interest to be paid as and when applied.
2. Limit above Rs. 1 Lac up to Rs.10 Lac – Loan amount to be paid in Twelve months and interest serviced as and when applied with monthly loan servicing.
3. Applicant should provide the requisite standing instructions to debit savings account for the instalments/interest till such time as the loan/OD limit is fully liquidated.

Branches to obtain 6 (undated) security cheques as the case may be, before disbursement in which only the name of the payee should be filled/ mentioned as "Sri Raksh Souhardha Credit Co-op Ltd". (These cheques should be held safely along with documents All gold loans/OD A/c to be closed on or before the due date from own source.
Appraisal Charges       0.5% of the loan amount subject to minimum of Rs.750/- plus GST as applicable.
Loan Processing Charges 1.5%+GST
Documentation Charges As applicable
Foreclosure charges 1% + GST foreclosure  if closed within 6 months
Charges for late payment of loan amount 2% p.a. as penal interest over and above applicable rate of interest.
Prerequisites Application form along with KYC documents, Income Proof of the applicant/s (SAVING /CURRENT ACCOUNT TO BE OPENED) Legitimate ownership of pledged security in the name(s)the applicant(s) is to be substantiated by appropriate Declaration/Affidavit. Pledge of Gold Ornaments and Gold Coins as Jewellery minimum purity of 22 Carats. i.e. millesimal fineness not below 91.6% Valuation of the ornaments of the gold to be pledged to be done by the Bank’s approved valuer in Bank’s premises. Max of Rs.1800/- per gram of gold to be considered for lending.
Sri Raksh Personal Loans
Doesn't matter if its Education or medical emergencies, home renovations or car upgrades, impromptu road trips or jewellery shopping. For all your wants as well as needs, SVC's Personal Loans are available round the clock.
Who can Borrow   Individual 
Purpose Personal needs such as Housing, Education, Medical Emergencies, Travel etc.
Max. Finance available   Rs.5.00 lacs  
Guarantors Two Guarantors
Repayment  36 months
Processing Charges     1.50% of the loan amount plus GST subject to minimum of Rs.1500 and Maximum of Rs.2500/ for salaried customers.
Foreclosure charges & Charges for late payment of EMI    2% per month on EMI/Principal overdue subject to minimum amount Of Rs.200/-
Cheque bounce charges Rs.350/- per cheque bounce.
Documentation Charges As applicable along with cheque return charges.
Prerequisites Income Tax returns for the last three years along with computation of income of the applicant and guarantors Confirmed employee in case of salaried person COMPLIANCE OF KYC NORMS statement of operative Bank account for the last one year. Collateral security: 25% of the loan amount in the form of SV of LIC policy /Face value of NSC’s /KVP. Term Insurance to be availed for loan amount.
Sri Raksh Vahana Loans
Late night drives, impromptu trips, sudden buddy plans & roadside dinner parties; what do these have in common? A car! Fulfil your dream of owning your own vehicle of happiness with Vehicle Loans!
Who can Borrow Individuals, Firms, Companies 
Purpose Convenient scheme for purchase of Cars.
Margin For personal use – 10% (on Cost +Registration charges +Insurance)
For commercial - 25% (on Cost +Registration charges + Insurance) 
40% for used cars. 
Security Hypothecation of vehicle to be purchased and from the date of regn For used vehicles should be below 3 years for availing loans.
Repayment  (a) Max 60 months 
(b) 18 - 24 months for used cars.
Processing Charges     1 % + service tax as applicable from time to time. Insurance to cover pay out charges.
Attractive Features   Competitive Rate on daily reducing. No Prepayment penalty
Documentation Charges As applicable
Prerequisites Individuals employed/engaged in business/having professional income and sound financials. Invoice from the Authorized dealer.
Vehicle Loan Up to 15 lacs max.
Foreclosure charges & Charges for late payment of EMI 2% per month on EMI/Principal overdue subject to minimum amount Of Rs.200/-
Sri Raksh Professional Loans
As a Doctor, every day, you make the world a healthier place. But now, with Hello Doctor Loans, that noble venture can progress at a much faster pace! Acquire high tech instruments, expand your clinic, enlarge your practice; all that & much more is now possible.
Who can Borrow Individuals / Proprietary concerns / Partnership firm/ Pvt Ltd – consisting of Medical Professionals (excluding hospital projects) 
Purpose Acquisition or construction of own Consulting Room, Specialty Clinic, Polyclinic, Nursing Home or even a Hospital. This would also include any Expansion or renovation plan for existing set, up.
To assist in purchase of sophisticated and state of the art Medical Equipments.Financing of Ambulances or specialized Mobile Medical Units  Purchase of New Car.
Limit   In cases for purchase of Furniture/ fixtures / equipment’s / machineries / ambulance - Rs.100 Lakh.   In case for purchase of premises / against mortgage of premises - Rs.200 lakh. 
Margin ON LAND & Building: -
10% of realizable value for loans up to Rs.30 Lacs
20% of realizable value for loans above Rs.30 Lac
25% ON PLANT & MACHINERY/EQUIPMENTS ETC
10% for New CARS
Repayment Schedule  For Equipment’s/Plant & machinery – 60 months
For Premises – up to 120months (Max)
For Car – 36 to 60 months
Processing Fees     1.50%   Plus G.S.T.   (minimum Rs.5,000/- + GST)
Legal & Documentation Charges  On Actual Basis
Prerequisites 1. Qualified Medical Practitioner with Good Experience.
2. Income Tax Returns for the last three years along with computation of income.
3. New practitioners to submit detailed project report and feasibility report.
4. statement of bank operations of last one year
5. True copy of the agreement of property to be purchased and other relevant documents.
6. Quotation/Proforma invoice for purchase of medical equipment’s / furniture / interior renovation work for premises purchased/ car /ambulance etc.
7. statement of operational bank account for the last 1 year  Compliance of KYC norms. 
Foreclosure charges & Charges for late payment of EMI 2% per month on EMI/Principal overdue subject to minimum amount Of Rs.200/-
Sri Raksh Life Style Finanz
Your dream kitchen, that ornate wardrobe, the dining table you always wanted, that home theatre you wished for; all of that is just a blink of an eye away with Sri Raksh Life style Finanz Loans!
Who can Borrow Individual
Purpose Renovation of existing flat, Purchase of Consumer Durables etc.
Max. Finance available  Life style Finance - Max. Limit of Rs.10.00 Lac  
Margin 25%
Repayment 36 months
Processing Charges   1.50% of the loan amount plus GST
Documentation Charges  As applicable
Prerequisites 1. Income Tax returns for the last three years along with computation of income of the applicant and guarantors
2. Two Guarantors of good means and acceptable to the bank
3. Collateral security: 25% of the loan amount in the form of SV of LIC policy /Face value of NSC’s /KVP
4. statement of operative Bank a/c for the last one year.
Total deduction not to exceed 60% of total gross income. 
Foreclosure charges & Charges for late payment of EMI 2% per month on EMI/Principal overdue subject to minimum amount Of Rs.200/-
Sri Raksh Group Loans
With Sri Raksh Group Loans, it is now possible to strengthen the relationship you share with your employees & make their dreams possible.
Who can Borrow Individuals earning salary in reputed organization
Purpose Any personal use
Max. Limit  Rs.5 lacs 
 Security Company’s undertaking
Guarantors Two guarantors (Cross Guarantee within a group of three)
Repayment  48 months
Processing Charges Minimum
Attractive Features Competitive Rate on daily reducing. No Prepayment penalty 
Documentation Charges As applicable
Prerequisites Minimum service of 3 years & Maximum completed age at the time of application should not exceed 51 years. Company’s undertaking for direct deduction of EMI from the salary. Total deduction not to exceed 60%. KYC Norms Compliance
Foreclosure charges & Charges for late payment of EMI 2% per month on EMI/Principal overdue subject to minimum amount Of Rs.200/-
Sri Raksh Loans Against Securities
Get more from your investments. Put them to good use with Sri Raksh Loans against Government Securities.
Who can Borrow Individuals
Purpose To provide finance to meet urgent needs covering Child’s education, medical emergencies, travel etc.
Security  Pledge of NSCs and Surrender value of LIC Policy Along with standard securities.
Margin 15%
Type of Facility Repayment In case of Overdraft – Annual Review 
In case of Term Loan - EMI
Processing Charges     0.5% plus GST
Documentation Charges As applicable
Prerequisites Application form along with KYC documents & Income Proof NSCs to be at least 2 years old. LIC Policy (Assignable) to be in force for minimum period of 3 years.