Loans

A Business Loan from BLD Souharda is designed to support the financial needs of small and medium entrepreneurs, traders, contractors, and professionals.
It provides timely funds to manage working capital, expand business operations, or meet other commercial requirements.
The loan is structured with flexible repayment options and secured against appropriate collateral to ensure convenience and financial discipline.

Salient Features:

Eligibility: Individuals / Businessmen / Traders / Contractors / Professionals

Loan Amount:
Need-based finance against adequate security.
Mortgage of landed property is required.
Agricultural land may be accepted in exceptional cases at the discretion of the Board.
Margin: 40% on the valuation of the property.

Rate of Interest: 18% per annum

Repayment:
Loans are sanctioned under two categories:

1. Term Loan (MTL):
Single transaction limit, repayable within 36 to 60 months through monthly, quarterly, half-yearly, or annual installments.

2. Overdraft (OD):
Running credit limit, renewable every 12 months.

The Housing Loan is available exclusively for properties at Patil Planet and My Home.
This loan is designed to help individuals finance the purchase or construction of a home at these specific projects with convenient repayment options and competitive interest rates.

Salient Features:

Eligibility: Individuals / Joint applicants

Loan Amount: Need-based finance subject to property valuation at Patil Planet or My Home

Interest Rate: As applicable at the time of sanction

Repayment: Flexible installments on monthly, quarterly, half-yearly, or annual basis

Security: Mortgage of the property being financed

Other Facilities: Quick processing, minimal documentation, and prepayment options as per Souharda guidelines

The Pigmy Loan scheme is designed to support small businessmen, traders, petty shopkeepers, and contractors who generate cash daily from their business operations.
It provides quick access to funds based on Pigmy deposit contributions, with minimal documentation and easy repayment options.

Salient Features:

Eligibility: Pigmy account holders only

Documents: Simple documentation required

Loan Security: Three guarantors required, one of whom must be a Pigmy agent

Interest Rate: 18% per annum

Repayment: Easy installments available on monthly, quarterly, half-yearly, or annual basis

Loan Transfer Facility: Amount can be transferred from Pigmy contributions at regular intervals

Other Features: Hassle-free and speedy sanction of loan proposals

The Loan Against Fixed Deposit (FD) allows account holders to avail funds by pledging their FD as collateral.
This facility ensures quick access to cash while your deposit continues to earn interest.

Salient Features:

Eligibility: Individuals / Joint account holders / Minors represented by guardians

Loan Amount: Up to 90% of the FD principal and accrued interest (depending on FD type and tenure)

Interest Rate: 2% above the rate of interest on the pledged FD

Repayment: Flexible repayment on monthly, quarterly, half-yearly, or annual basis; maximum tenure 12 months

Security: Pledged Fixed Deposit receipt

Other Facilities: Quick sanction, minimal documentation, and partial withdrawal permitted as per Souharda guidelines