Sanatan Mudra Loan
The Sanatan Mudra Loan Scheme has been formulated to provide timely financial assistance to the members of the Society. This scheme is designed to ensure that members can avail of loans promptly, in accordance with the rules and regulations of the Society.
Understanding that members may occasionally face urgent financial requirements in the course of their business activities, the Society has introduced this scheme to support its general members. Under this scheme, loans can be sanctioned for purposes such as the purchase of business goods or other legitimate business-related requirements.
The objective of the scheme is to facilitate quick access to funds, thereby enabling members to sustain and grow their business operations efficiently.
Eligibility Criteria for Sanatan Mudra Loan Scheme
The Sanatan Mudra Loan Scheme is available to business members of the Society. To apply, members are required to submit the “Sanatan Mudra Loan Demand Application” in the prescribed format provided by the Sanatan CCSL.
Member’s / Applicants must meet the following eligibility criteria:
- Account Standing: The applicant should be an existing daily account holder of the Society for a minimum period of Six months.
- Business Experience: The applicant’s business should have been operational for at least three years.
- Membership Condition: Only daily account holders engaged in business within the scope of the Society are eligible for this scheme.
- Exclusion: Individuals in salaried/employed positions are not eligible to avail of this loan facility.
This ensures that the scheme benefits established business members of the Society, supporting their working capital and business growth requirements in a timely and efficient manner.
Required Document’s
- Application Form – Duly filled and signed by the Members/Applicant/Co-applicant/Guarantor.
- Photographs – Two recent passport-size color photographs of each Member/Applicant/Co-applicant/Guarantor.
- Identity Proof (Any one of the following):Aadhaar Card, NREGA Job Card, Passport, Driving License, Voter ID, PAN Card.
- Residence Proof (Any one of the following):Aadhaar Card, NREGA Job Card, Electricity Bill, Passport, Voter ID.
- Office/Business Address Proof (Any one of the following):Udyam Registration Certificate,GST Certificate, Gumasta License, Electricity Bill.
- CIBIL Score – Minimum 800 required for all Members / Applicant and Guarantor.
- Processing Fee – 2% of the sanctioned loan amount (non-refundable).
- Existing Loan (if any):12 months repayment track record, Latest statement of account OR Copy of the Sanction Letter.
For Self-Employed (Non-Professionals & Professionals)
A. Income Document
- Latest 3 years ITR of the individual OR Company:Acknowledgement ,Computation of Income, Profit & Loss Account, Balance Sheet, Audit Report (if available), ITRTrue certified attested by CA.
- Latest 1 year Bank Statement :Current Account and Savings Account.
- Business Entity Proof (Any one):Shop Act License, Udyam Registration Certificate, GST Certificate.
- Business Profile – On company letterhead.
- Qualification Certificate – Applicable for professionals (e.g., CA, Doctor, Architect and Engineer )
For Partnership firm / LLP / Pvt. Ltd./ Ltd Company (If Member, Applicant or Co-applicant)
A. Company Income Document
- Latest 3 years ITRs :Acknowledgement ,Computation of Income, Profit & Loss Account, Balance Sheet and Audit Reports (ITRTrue certified attested by CA)
- Latest 1 year Company Bank Statement (Current Account)
- Partners / Director’s Income tax return with 1-year bank statement copy.
B. Company Documents
- Company PAN Card.
- Company Address Proof.
- Memorandum of Association (MOA).
- Shareholding Pattern – On company letterhead, certified by CA.
- Board Resolution – As per Sanantan CCSL format, on company letterhead.
- If partnership ship OR LLP firm- Partnership/LLP agreement required.
- Company registration certificate.
Note: – Additional documents may be needed as per the nature of the application, All documents need to be attested by the member’s Applicant & Co-Applicant.
Terms- “The Sanatan Co-Operative Credit Society Ltd. reserves the right to unilaterally revise or modify its terms and conditions, including, but not limited to, rates of interest, fee structures, product features, and scheme eligibility/benefits. Any such revisions shall be effective immediately upon approval by a resolution passed in either the Annual General Meeting (AGM) or a Special General Meeting.” ( The T&C applicable for all products )
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