Loan & Advance Services
Sterling Urban Cooperative Bank Limited offers a focused range of loan products to meet the personal, housing, professional, business, and asset-based financial needs of its customers. Each loan is sanctioned based on repayment capacity, security, purpose, and regulatory norms, ensuring responsible and sustainable lending.
1. Vehicle Loan
Purpose
Vehicle Loans are provided for the purchase of:
New two-wheelers
New four-wheelers (personal use)
Used vehicles (subject to eligibility and condition)
Eligibility
Salaried individuals
Self-employed persons
Professionals
Business owners
Cooperative members
Key Features
Competitive interest rates
Fixed monthly instalments (EMIs)
Flexible repayment tenure
Quick processing
Hypothecation of vehicle as security
Loan Amount
Based on vehicle cost
Margin as per bank policy
Maximum loan amount subject to income and repayment capacity
Repayment Tenure
Two-wheeler loans: up to 5 years
Four-wheeler loans: up to 7 years
Indicative Rate of Interest
9.50% to 12.50% per annum
(Rates may vary based on vehicle type, tenure, and borrower profile)
Documentation Required
Loan application form
KYC documents (Identity & Address Proof)
Income proof (salary slips / ITR / business proof)
Bank account statements
Quotation / invoice of vehicle
Passport size photographs
Processing Time
3 to 7 working days after submission of complete documents
2. Personal Loan
Purpose
Personal Loans are provided for:
Medical expenses
Education or skill development
Marriage and family functions
Travel and personal needs
Emergency financial requirements
Eligibility
Salaried individuals
Self-employed persons
Pensioners (subject to policy)
Key Features
Unsecured loan (no collateral required)
Fixed EMI structure
Transparent interest rates
Simple documentation
Loan Amount
Based on income and repayment capacity
Maximum limit as per bank norms
Repayment Tenure
1 year to 5 years
Indicative Rate of Interest
11.50% to 15.50% per annum
Documentation Required
Loan application form
KYC documents
Income proof
Bank statement (last 6 months)
Employer certificate / business proof
Processing Time
2 to 5 working days
3. Home Loan
Purpose
Home Loans are provided for:
Purchase of new residential property
Purchase of resale house/flat
Construction of residential house
Renovation or extension of existing house
Eligibility
Salaried individuals
Self-employed professionals
Business owners
Key Features
Long repayment tenure
Lower interest rates compared to unsecured loans
Mortgage of property as security
Structured disbursement
Loan Amount
Based on property value
Margin as per bank norms
Subject to borrower’s repayment capacity
Repayment Tenure
Up to 20 to 25 years
Indicative Rate of Interest
8.75% to 11.25% per annum
Documentation Required
Loan application
KYC documents
Income proof / ITR
Property documents
Approved building plan
Legal and valuation reports
Processing Time
7 to 15 working days (subject to legal verification)
4. Gold Loan
Purpose
Gold Loans are provided for:
Short-term personal or business needs
Emergency expenses
Working capital requirements
Eligibility
Individuals owning gold ornaments
Key Features
Loan against pledged gold ornaments
Quick disbursement
Safe custody of gold
Short to medium-term tenure
Loan Amount
Based on gold weight and purity
Loan-to-value ratio as per regulatory norms
Repayment Tenure
Up to 12 months (renewable as per policy)
Indicative Rate of Interest
8.50% to 11.50% per annum
Documentation Required
Loan application
KYC documents
Gold ornaments for valuation
Processing Time
Same day or within 24 hours
5. Business Loan
Purpose
Business Loans are provided for:
Working capital requirements
Purchase of machinery or equipment
Business expansion or modernization
Inventory and operational expenses
Eligibility
Traders
Manufacturers
Service providers
MSMEs
Self-employed individuals
Key Features
Fund-based credit support
Term loan or working capital facility
Structured repayment schedules
Security based or collateral-based loans
Loan Amount
Based on business turnover and cash flow
Subject to margin and security
Repayment Tenure
Working capital: up to 1 year (renewable)
Term loans: up to 7–10 years
Indicative Rate of Interest
10.00% to 14.00% per annum
Documentation Required
Loan application
KYC documents
Business proof
Financial statements / ITR
Bank statements
Security documents (if applicable)
Processing Time
7 to 15 working days
6. Loan Against Property (LAP)
Purpose
Loan Against Property is provided for:
Business expansion
Education expenses
Major personal or professional needs
Eligibility
Property owners
Salaried or self-employed individuals
Key Features
Secured loan
Lower interest rate compared to unsecured loans
Longer repayment tenure
Loan Amount
Based on property market value
Margin as per bank norms
Repayment Tenure
Up to 15 years
Indicative Rate of Interest
9.25% to 12.50% per annum
Documentation Required
KYC documents
Income proof
Property title documents
Legal & valuation reports
Processing Time
10 to 20 working days
7. Loan Against Fixed Deposit (FD)
Purpose
Emergency liquidity without breaking FD
Short-term financial needs
Eligibility
Fixed deposit holders of the Bank
Key Features
Quick and hassle-free loan
No premature closure of FD
Lower interest rate
Loan Amount
Up to 75–90% of FD value
Repayment Tenure
Co-terminus with FD maturity
Indicative Rate of Interest
FD interest rate + 1.00% to 2.00%
Documentation Required
Loan request form
FD receipt
KYC documents
Processing Time
Same day
8. Loan for Doctors (Professional Loan)
Purpose
Loans for doctors are provided for:
Clinic or hospital setup
Purchase of medical equipment
Expansion or renovation of practice
Working capital needs
Eligibility
Registered medical practitioners
Doctors with recognized degrees
Key Features
Customized loan structure
Flexible repayment options
Competitive interest rates
Loan Amount
Based on income and project cost
Security-based or unsecured (as per policy)
Repayment Tenure
Up to 7–10 years
Indicative Rate of Interest
9.50% to 13.00% per annum
Documentation Required
Loan application
Medical registration certificate
KYC documents
Income proof / ITR
Clinic/hospital documents
Processing Time
7 to 15 working days
Important Disclaimer (Website Use)
Interest rates, tenure, margins, and eligibility criteria are subject to change as per Bank policy, regulatory guidelines, and borrower profile. Final terms will be confirmed at the time of sanction.