Development Loan - “Unlock financial freedom for our daily deposit customers and instantly fulfil your emergent money needs with ease!”

Exclusively for daily deposit customers - Access instant loans matching your savings for all your business needs!

Development Loan

Unleash your business potential with Repco's exclusive development loan to daily deposit customers – No collateral is needed, just your daily deposit savings!

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Deposit linked loan scheme for development of business

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Should have contributed a minimum of 6 months to the daily deposit account

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Quick processing, sanctioning and disbursement

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Applicant should be a daily deposit customer and run a business

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Collection of loan installments at your doorsteps

Why daily deposit customer opts for Repco?

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Open daily deposit account

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Contribute regularly to the daily deposit account and build your savings

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Get a quick loan in multiples of your savings

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Pay back as per tenure of your choice

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Loan collection at your doorsteps

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Simple steps to get your Development Loan

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Choose your home branch

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Submit your collateral document

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Check for the eligibility

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Avail the loan

Development Loan EMI Calculator

Loan Amount

Rs: 100000

1L

2C

payment period

1 Year

15 Year

1 Year

Interest Rate

5 %

5 %

20 %

Your EMI Amount: ₹

Your EMI Amount

  • Total Payment

Total Payment

₹

  • Total Interest Payable

Total Interest Payable

₹

Frequently Asked Questions

  • Repco Daily Deposit Customers having Ordinary ‘A’ Class Membership are eligible to avail this loan at Repco Bank.

  • Development Loans are typically disbursed within 2 days However, the processing time is subject to factors such as branch visit to business place, surety eligibility, and the submission of required documents.

  • Jewel Loan, Development Loan, Overdraft loan and Term Loan for any bankable purpose against mortgage of immovable properties.

  • The tenure of a loan varies with the type and quantum of loan,the type of business active etc. However, tenure varies from one year to a maximum of ten years.

  • Quantum of loan varies with the type of business activities, collateral security, repayment capacity, etc.

  • Simply visit home branch where one maintains Daily Deposit account , submit your loan application, and rest assured — we'll handle the rest to provide you with instant funding, subject to our norms.

Repatriates Cooperative Finance and Development Bank Ltd. (REPCO BANK) was registered on November 19, 1969, as a Cooperative Society under the relevant provisions of the Madras Cooperative Societies Act, 1961, with jurisdiction over the State of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and the Union Territory of Puducherry.

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ADDRESS

Repco Towers, No : 33, North Usman Road,
T.Nagar, Chennai - 600017

Ph No - 044-28340715

Email - ho@repcobank.co.in