Galaxy Multistate Co-operative Society offers business loans for small businesses, farmers, and entrepreneurs in Phaltan and Satara district. Flexible repayment terms, minimal paperwork, and local understanding of your business needs.
| Maximum Loan Amount | ₹ 2,00,000 (Two Lakhs) |
|---|---|
| Tenure | Up to 3 years (36 months) |
| Interest Rate | Up to 16% per annum |
| Repayment | Flexible EMI over chosen tenure |
| Collateral | Confirm with branch based on loan amount |
| Guarantors Required | Two (2) guarantors are mandatory for all loan files |
|---|---|
| Loan Holder Documents | 2 Photos, Aadhaar, PAN, Light Bill, Shop Rent Agreement, Shop Act Licence / 3-month Salary Slip, 5 Bank Cheques, 6-month Bank Statement |
| Guarantor Documents | 2 Photos, Aadhaar, PAN, Light Bill, Shop Act Licence / 3-month Salary Slip, 2 Bank Cheques, 3-month Bank Statement |
Equipment purchase, seasonal working capital, crop storage.
Inventory restocking, shop expansion, renovation.
Raw material purchase, machinery upgrade.
Working capital, office setup, service expansion.
Startup capital for new business in Phaltan & Satara.
Visit Galaxy Multistate Co-operative Society, Phaltan branch.
Discuss your business requirement and loan amount with our team.
Submit required documents — KYC + business proof.
Loan is assessed and approved — quick local decision.
Funds disbursed to your account.
Galaxy Multistate Co-operative Society's Business Loan is designed for the kind of borrowing that large banks often complicate: a shop owner needing working capital before the festival season, a farmer needing funds for equipment ahead of sowing, or a new entrepreneur in Phaltan, Lonand, Dahivadi, or the Akluj corridor launching a small venture. With a maximum loan amount of ₹2,00,000 and tenure up to 3 years, the loan is sized for genuine small-business needs rather than large corporate borrowing.
Two guarantors are required for every business loan file, reflecting the co-operative's approach of community-backed lending rather than relying purely on collateral or credit score. This keeps the loan accessible to business owners who may not have formal credit history but have trusted relationships within their local community.
For businesses that also hold a Current Account with Galaxy Multistate, day-to-day transactions and the Business Loan repayment can be managed from the same Phaltan branch, keeping banking and borrowing under one local relationship rather than split across institutions.