With exciting plans, easy repayment options and competitive interest rates, Shikhardeep Co-operative makes getting Loan a hassle free experience!

About Loan

A loan is an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing. The principal is the amount you borrowed, and the interest is the amount charged for receiving the loan. Since lenders are taking a risk that you may not repay the loan, they have to offset that risk by charging a fee – known as interest. Loans typically are secured or unsecured. A secured loan involves pledging an asset as collateral for the loan. If the borrower defaults, or doesn’t pay back the loan, the lender takes possession of the asset. An unsecured loan option is preferred, but not as common. If the borrower doesn’t pay back the unsecured loan, the lender doesn’t have the right to take anything in return.

Loans allow for growth in the overall money supply in an economy and open up competition by lending to new businesses. Loans also help existing companies expand their operations.

For the financial and socio-economic welfare, Shikhardeep Multipurpose Co-operative Ltd.  has the provision of loan at affordable interest rate to the members, abiding the principles, norms and values of organization. The loan facility can be provided if the member has completed the membership period of three months in the organization.

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A business loan is a loan specifically intended for business purposes – from paying staff wages to purchasing inventory. Business loans allow companies to have a chance at success. It often requires a business plan to show the validity of what you are doing. 


Great ideas for growing your industry needs a funding. Industrial loan is a loan to a business rather than a loan to an individual consumer. The main purpose of Industrial loan is to finance capital expenditures or provide working capital to the borrower.

An education loan is a type of loan designed to help students pay for post-secondary education. Education loans are issued for the purpose of attending an academic institution and pursuing an academic degree. These are great ways to help finance a college education.

A home loan is the sum of money borrowed to build or purchase a house – either a primary residence, a secondary residence, or an investment residence. These loans are secured by the house or property you are buying. Home Loans help people get into homes that would take years to save for.

Hire purchase loan is the loan to finance for the purchase of vehicles (construction of body thereon) including bus/ truck/ tipper/ tractors/ excavator/ heavy equipment’s/ etc. for commercial purpose. The buyer obtains ownership only when the full amount of the contract has been paid.

Fulfill your dreams with Shikhardeep Loan plan. Shikhardeep Co-operative offers staggering loan schemes that suit our client’s to home needs. Browse an assortment of plans accessible to satisfy your business and individual needs.

We will continue to grow together with your love and support.

Shikhardeep Multipurpose Co-operative Ltd. accomodates financial needs of our valued customer with prompt and hassle free loan processing. Be it need of financing any type of loan, Shikhardeep makes it comfortable by providing a hassle free finance facility at competitive interest rate.

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