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Loans

Loans & Advances

Finance for Every Stage
of Life and Business

The Peoples’ Urban Co-Operative Bank Ltd. offers a broad range of loan and advance facilities designed to support the personal, housing, education, mobility, agricultural, professional and business requirements of eligible members.

From building a home or purchasing a vehicle to expanding a business or meeting short-term financial requirements, our loan solutions are supported by personalised banking assistance.

Home Finance

Housing Scheme

Financial assistance for eligible customers planning to purchase, construct, renovate or improve a residential property, subject to the Bank's prevailing lending norms.

Designed For
  • Home Purchase
  • House Construction
  • Home Renovation, House repair
  • Residential Property Requirements
Ideal For

Members looking for structured finance to achieve their home ownership or home improvement plans.

Vehicle Finance

Vehicle Loans

Financing solutions for eligible customers purchasing cars, two-wheelers or other permitted vehicles for personal requirements.

Designed For
  • Car Purchase
  • Two-Wheeler Purchase
  • Personal Mobility
  • EV (Electric Vehicle) Loans
Ideal For

Individuals and families looking for convenient financing for their mobility requirements.

Transport Finance

Road Transport Operators Loan

A financing option intended for eligible road transport operators requiring funds for vehicles or transportation-related business requirements.

Designed For
  • Transport Operators
  • Commercial Mobility
  • Eligible Commercial Vehicles
  • Transport Business Requirements
Ideal For

Eligible transport operators planning to establish, maintain or expand transportation activities.

Business Finance

Business Loans

Financial assistance for eligible businesses to address establishment, expansion, asset acquisition and other approved business funding requirements.

Designed For
  • Business Expansion
  • Asset Acquisition
  • Business Development
  • Approved Business Requirements
Ideal For

Traders, entrepreneurs and eligible enterprises seeking structured financial support for growth.

Industrial Finance

Industrial Loans

Funding support intended for eligible industrial and manufacturing activities, subject to project assessment, documentation and Bank lending norms.

Designed For
  • Industrial Development
  • Manufacturing Requirements
  • Plant & Equipment Needs
  • Business Expansion
Ideal For

Eligible industrial units and entrepreneurs seeking finance for productive business activities.

Personal Requirements

Consumptional Loans

Financial assistance intended to help eligible members meet approved personal and household expenditure requirements.

Designed For
  • Personal Requirements
  • Household Expenses
  • Planned Purchases
  • Other Approved Purposes
Ideal For

Eligible members requiring financial support for permitted personal expenditure.

Senior Banking

Pensioners Loan

A loan facility intended for eligible pensioners to manage permitted personal or family financial requirements.

Designed For
  • Eligible Pensioners
  • Personal Requirements
  • Family Expenses
  • Approved Financial Needs
Ideal For

Eligible pensioners looking for convenient access to finance through a trusted banking relationship.

Entrepreneurship

Self Employment Loans

Financial assistance for eligible individuals planning to establish or strengthen self-employment and income-generating activities.

Designed For
  • Self-Employment Ventures
  • Small Business Activities
  • Professional Requirements
  • Income-Generating Projects
Ideal For

Individuals seeking financial support to become self-employed or develop an existing activity.

Education Finance

Educational Loans

Financial support for eligible students and families towards approved higher education and related educational requirements.

Designed For
  • Higher Education
  • Professional Courses
  • Approved Educational Expenses
  • Student Financial Support
Ideal For

Students and families planning recognised higher education and professional studies.

Gold Finance

Gold Loans

A secured financing facility that enables eligible customers to obtain funds against eligible gold ornaments, subject to valuation and Bank norms.

Designed For
  • Short-Term Financial Requirements
  • Gold-Backed Finance
  • Personal Requirements
  • Eligible Business / Agricultural Needs
Ideal For

Customers seeking secured finance by utilising eligible gold assets.

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Flexible Finance

Overdraft

A flexible credit facility for eligible customers to manage approved working capital, liquidity or short-term funding requirements.

Designed For
  • Working Capital Needs
  • Short-Term Liquidity
  • Business Cash Flow
  • Other Approved Requirements
Ideal For

Eligible customers and businesses requiring flexible access to funds according to approved limits.

Project Finance

Tourism Project Loans

Financial support intended for eligible tourism-related projects and business activities, subject to project appraisal and Bank approval.

Designed For
  • Tourism Projects
  • Tourism Infrastructure
  • Hospitality Activities
  • Approved Tourism Ventures
Ideal For

Eligible entrepreneurs developing viable tourism and hospitality-related projects.

Creative Project Finance

Film Making Loans

A specialised financing category intended for eligible film-making and related approved project requirements, subject to detailed appraisal.

Designed For
  • Eligible Film Projects
  • Production Requirements
  • Project-Based Financing
  • Approved Creative Ventures
Ideal For

Eligible applicants seeking project finance for approved film-production activities.

Agriculture & Allied Activities

Allied Agricultural Loans

Financial assistance for eligible allied agricultural activities such as fish farming, cattle farming and other approved agriculture-related projects.

Designed For
  • Fish Farming
  • Cattle Farming
  • Allied Agricultural Activities
  • Approved Farm Projects
Ideal For

Farmers and eligible entrepreneurs undertaking viable agriculture and allied activities.

Loan Eligibility

General Conditions for Loans & Advances

The existing Bank information specifies that an applicant must be a shareholder of the Bank. Share membership and loan eligibility are subject to the Bank's applicable rules and approval process.

  • Applicant must be a shareholder of the Bank
  • Loan application is subject to eligibility verification
  • Purpose of loan must be acceptable to the Bank
  • Required documents must be submitted
  • Credit assessment and verification will apply
  • Security / guarantee may be required where applicable
  • Interest rate will be as applicable to the scheme
  • Final sanction is subject to Bank approval

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Loan Categories

Flexible

Finance Options

Personal

Banking Assistance

Trusted

Local Banking
Need Assistance?

Looking for the Right Loan?

Visit your nearest Peoples Urban Co-operative Bank branch. Our banking team will help you understand the appropriate loan option, eligibility requirements, documentation and application process.

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Frequently Asked Questions

Common Questions About Loans & Advances

Find answers to commonly asked questions regarding loan eligibility, application, repayment, security and other loan-related requirements.

Applicants must satisfy the Bank's membership, eligibility and lending requirements. The existing Bank information states that an applicant should be a shareholder of the Bank. Final eligibility depends on the loan scheme, income, repayment capacity, purpose of the loan, security and other applicable Bank norms.

Peoples Urban Co-operative Bank offers various categories of loans including Housing Loans, Vehicle Loans, Road Transport Operator Loans, Business Loans, Industrial Loans, Consumptional Loans, Pensioners Loans, Self Employment Loans, Educational Loans, Gold Loans, Overdraft facilities, Tourism Project Loans, Film Making Loans and Allied Agricultural Loans.

The documents required may vary depending on the loan category. Generally, applicants may be asked to provide completed application forms, KYC documents, income proof, bank statements, property or asset documents, quotations, project reports and security-related documents, wherever applicable. The concerned branch will provide the exact list.

The eligible loan amount is determined after assessing factors such as the applicant's income, repayment capacity, existing liabilities, purpose of the loan, value of eligible security and the Bank's prevailing lending guidelines.

Interest rates vary depending on the loan scheme and are subject to the Bank's prevailing rate structure. Please contact your nearest branch for the latest applicable interest rate and related charges.

Repayment tenure depends on the type of loan, sanctioned amount, applicant's repayment capacity and the applicable loan scheme. The repayment schedule will be communicated at the time of sanction.

Security requirements depend on the loan category, sanctioned amount and the Bank's lending norms. Certain loans may require property, deposits, gold, guarantees or other acceptable security, while the exact requirement will be advised by the branch.

Prepayment or premature closure may be permitted subject to the terms and conditions applicable to the respective loan scheme. Customers may contact the branch for applicable charges or conditions.

Processing time depends on the loan category, completeness of documentation, verification requirements, valuation, legal scrutiny, credit assessment and approval process. Submitting complete documents can help avoid unnecessary delays.

Visit your nearest Peoples Urban Co-operative Bank branch and speak with the banking team about your requirement. The branch will help you identify the suitable loan scheme and provide guidance regarding eligibility, application forms, supporting documents and the approval process.