NO CIBIL REQUIRED

1. Rate of interest : 1.6% calculated on reducing balance method
2. Loan to value (LTV) Ratio: 70%
3. Penalty charge on EMI: 5%
4. Membership fee : 100rs only one time for new members ( 0rs. for already existing member of SBNL)
5. LOAN AMOUNT  TRANSFER MODE: Once the loan application file has been approved by the area officer and approving authority(branch manager). Loan amount will be directly transferred to your bank account /savings account at nidhi, within 1 minute without any delay.
6. LOAN EMI Repayment mode:
   a) Auto debit from Nidhi's Savings account ( 0 Rs.mandate registration + 0rs. on every auto debit)
   b) NACH ( from other bank ) charges per mandate registration (50 rs.) + every month auto debit from other bank (20rs.Auto debit charge per Emi )

Documents required:

1. All property papers (intkal , registry , all other chains realted to property)
2. 100rs. stamp paper + 10rs. affidavit
3. Adhar card of owner
4. Pan card of owner
5. Electricity bill
6. Bank statement of last 6 months
7. Cancelled cheque
8. 2 Passport size photo

If all documents are proper then loan is disbursed within 3 days.

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