We, Sree Narayana Guru Co-op T&C Society do not have any branches in any of the states except Delhi & NCR. We came to know that somebody is offering loans in other states especially in Kerala under the name of Sree Narayana Finance and spreading our communication details. If any body falls under their trap, it is their own risk and responsibility. We are nothing to do or liable for any consequences. For any further clarification, contact us. VK Balan Secretary
Smart Savings For Smart Future... yourself as a sucess.
Sree Narayana Guru Loans
Sree Narayana Guru Co-operative Thrift & Credit Society Ltd.

Loans

Loan Facility Available from the Society to the Members.
  • Regular Loans - Interest @ 13% per annum
  • Consumer Loans – Interest @ 16% per annum
  • Gold Loans – Interest @ 12% per annum ( All rates are reducing balance)
  • *Present Outstanding amount of the loans is around 37 crores.



Necessary Procedures & Eligibility of Loan

  • Only those members who are completed 6 months are eligible for the loan.
  • Obtain the Loan application form from the office. The cost of the form is Rs.25/-.
  • Submit the Loan form duly complete in all respect to the office
  • Applicants are required to provide two guarantors of our members for a loan of Rs.50,000/- and four guarantors for more than Rs.50,000/-. Members less than 6 months seniority cannot stand for guarantee.Not more than one relatives and lady members should stand for surety/guarantor. Defaulted members surety/guarantee will not be accepted.
  • To avail the enhanced limit of the loan Salary class members should produce the Form 16A & ITR for the last 2 years and copy of the bank pass book or statement for the last 6 months. For the business class people they should produce the IT Returns of the Individuals as well as of their business organization and a copy of the bank pass book or statement for the last 6 months.
  • The applicants are also required to submit a bond from duly filled with all required information and two blank cheques for security in favour of the society.
  • A member who is in service should attach his salary certificate together with three months bank statement which is presently operational.
  • Self employed or House wife member should provide six month bank statement and a letter of guarantee signed by an earning member of the family /friend /relative along with their income proof.
  • The member and all sureties /guarantors are required to fill all the necessary particulars of the loan application and other documents.
  • Loan eligibility and amount approval by management committee will be final

Loan Limits
Limit of the Regular LoanExisting LimitEnhanced Limit
Mb No. 1 to 2204.00 Lakh7.00 Lakh
Membership 72 months & above3.50 Lakh6.50 Lakh
Membership 60 months & above3.00 Lakh5.50 Lakh
Membership 48 months & above2.50 Lakh4.50 Lakh
Membership 36 months & above2.00 Lakh3.50 Lakh
Membership 24 months & above1.75 Lakh3.00 Lakh
Membership 12 months & above1.25 Lakh2.00 Lakh
Membership 6 months & above0.50 Lakh0.75 Lakh


The Members can view their account of Share Money, Compulsory Deposit, Optional Deposits & Loan from our website. To view the same obtain the user id and password from the society. Payment can be made by IMPS/NEFT as details of our bankers given below or deposit Cash/Cheques at our office or branches/collection centres. We also collect the payment from their doorsteps on request without any extra charges.

Details of the our bankers to send payment online are

Name of the Bank Account No IFSC Code Type of A/c
Dhanlaxmi Bank Ltd 019006200005946 DLXB0000190 Current
South Indian Bank Ltd 0401053000002277 SIBL0000401 Saving
State Bank of India 67228336082 SBIN0031860 Current

**Once make the payment through online, do inform the society by call/sms/mail or whatsapp on 9313899351 to give proper credit.