A Credit Co-operative society is a Credit Society that is a member-owned Financial Co-operative that is controlled by its member. The primary object of Credit Co-operative societies is to provide financial accommodation to its members by providing loans for their social and economic growth at a reasonable price. Securing a loan from Co-operative societies is mostly easier, less time consuming and require fewer documents than any other financial institution.

Credit Co-operative societies can also acquire deposits from its members and provide them with savings, investing and basic banking facilities to ensure financial inclusion for all. Saving and Investing with a reputed Credit Co-operative Society is very safe and usually gives better returns than most Banks. We Provide a return of 9% on Fixed Deposits for all our members.

The Cloth Market Mercentile Credit Sahakari Sanstha Ltd. was formed in the year 2003 under the leadership of Mr. Sanjay Jain with a mere 25 members. Today we stand tall with more than 2000 members and loans disbursed worth more than 50 Crores.

The process to apply for a Loan at Cloth Market Mercentile Credit Sahakari Sanstha Ltd is very simple and comprises of 3 easy steps.

1. Apply for a loan through our Website by filling in the Enquiry Form or simply Call Us on 0731 4948005 / 0731 2456111
2. Submit all your required documents and our Sales Representative will guide you through the whole process.
3. After submission of all required documents, your loan should be approved and disbursed within the next 3 Working Days.

At Cloth Market Mercentile Credit Sahakari Sanstha Ltd., we provide a variety of Secured and Unsecured loans that can be customized as per the need of the customer.

We provide fast approvals, flexible repayment schedule, require minimum documentation and provide personalized services.

Types of Secured Loans that we provide are:
– Home Loan
– Loan against Property
– Home Construction Loan
– Home Improvement Loan

Types of Unsecured Loans that we provide are:
– MSME Business Loan
– Personal Loan
– Daily Collection Loan
– Two-Wheeler Loan

A Daily collection Loan is like an Unsecured Business Loan which is not repaid as a monthly EMI, instead it is repaid in a small and simple daily installment that is often collected by our collection agents in person. A customer can also choose to get it deducted from their bank accounts daily making it easier for the borrower to repay the loan without having to worry about the monthly installments or expenses.

 We provide a lot of different saving and investment options that can help you meet your financial goals. We provide one of the highest rates of interest of 9% on Fixed Deposit. Our most popular Saving and Investment options are:

– Fixed Deposits
– Daily Deposits
– Recurring Deposits
– Systematic Investment Plan (SIP)

A Daily Deposit Scheme is a smart and easy way for the Small Business Owners to make savings that can help them grow their Business. The key points for a Daily Deposit Scheme are as follows:
– The customer deposits a fixed small amount daily in their Daily Deposit Scheme. This money is collected by our collection agent who will provide the customer with a receipt of the same.

– The customer needs to make the deposit for a minimum of 20 days in a month to take advantage of all the benefits of the scheme. The customer can also keep track of their saving through our Mobile app.

– The customer keeps on earning interest on the same till the time of maturity. This will help you convert your Small Savings into Big Income.

– On maturity, the customer can claim the entire amount with interest and can use it to either grow their business or to fulfill any other personal requirement.

– The customer can also choose to continue investing in the scheme and keep growing their investment to reap even larger returns later and benefit from the magic of compounding.

A Systematic Investment Plan (SIP) is a Monthly Savings and Investment scheme where you can make small deposits as savings every month for the first few years and then earn Great Returns on its maturity after a few years. The best part of this scheme is that you don’t have to pay every month till maturity. Depending on which SIP plan you select, you pay only for 2/3/4 years before reaching maturity after 5/7/10 years.

This is one of the best ways to achieve your financial goals like Higher Education, Marriage, Retirement etc. We understand that making a Fixed Deposit is not always possible for everyone, but this should not stop you from investing in your future.

This also a great Scheme for Students and Freshers who are looking to start their investment journey but do not want to invest in risky products like Mutual Funds and Stocks. They say, “It is best to start investing earlier in small increments rather than invest big increments at a later time.”