Loan Services
Whether you're starting a new business, financing an education, or covering personal expenses, we offer tailored loan solutions to meet your needs.
Savings Accounts
Secure your future with our savings accounts, designed to help you grow your wealth safely. With competitive interest rates and easy account management via our mobile banking app, our savings accounts offer the perfect balance between accessibility and financial growth
Recurring Deposit (RD) Accounts
Want to save regularly and build a secure financial future? Our RD accounts let you deposit a fixed amount every month, earning interest over time. Perfect for future planning, whether it’s for a major purchase, education, or retirement.
Chairman’s Message
"At New Life Thrift and Credit Cooperative Society Ltd, we believe that financial empowerment is the key to community development. Over the past 4 years, we’ve worked tirelessly to ensure that every member can access the financial resources they need to build a secure future. We are proud to be pioneers in digital banking for cooperative societies in Nalbari and remain committed to driving positive change through our services."
– Chairman, New Life Thrift and Credit Cooperative Society Ltd
About Us
New Life Thrift and Credit Cooperative Society Ltd was established in 2020 in Nalbari, Assam, with the vision to make financial services accessible to all members of the community. Over the past 4 years, we have grown to over 500 members, each benefiting from our personalized financial services, including loans, savings, and RD accounts. We are fully digital, offering mobile banking services that ensure you can manage your finances anytime, anywhere.
Mission To Foster Financial Security And Growth
Our mission is to foster financial security and growth for every individual in our community by offering reliable, transparent, and accessible financial solutions. We aim to uplift the financial well-being of every member by providing affordable loans and secure savings options.
To become the leading cooperative society in Assam, setting the standard for innovation and excellence in cooperative banking. We envision a future where financial empowerment is within reach for all, ensuring sustainable growth and development in the community.
Gallery
Our Services
Savings Accounts
Secure your future with our savings accounts, designed to help you grow your wealth safely. With competitive interest rates and easy account managemen
Recurring Deposit (RD) Accounts
Want to save regularly and build a secure financial future? Our RD accounts let you deposit a fixed amount every month, earning interest over time
Personal Loans
we understand that personal financial needs can arise unexpectedly. Our Personal Loans are designed to provide you with the financial flexibility you need to manage life's various expenses
Fixed Deposit Accounts
We offer Fixed Deposit Accounts with attractive interest rates for our members. With a fixed tenure and guaranteed returns, this is an ideal option for those looking to grow their savings over time with minimal risk.
Emergency Loans
Life can be unpredictable, which is why we provide Emergency Loans for urgent needs, such as medical expenses, home repairs, or other unforeseen circumstances. These loans are processed quickly, giving you the financial support you need when it matters most.
Business Loans
Whether you are starting a new venture or expanding an existing one, our Business Loans provide the capital you need to grow. With flexible repayment terms and competitive interest rates, our loans are designed to support the entrepreneurial spirit of our members.
Happy Customers
“New Life has truly been a game changer for me. The loan process was so smooth, and the customer service is exceptional..”
Rakesh Deka
“As a business owner, access to affordable loans is crucial, and New Life has always been there to support me. Their team is knowledgeable, and their service is prompt.”
Deepankar Rajkhowa
“I’ve been with New Life for over 2 years now, and I can’t recommend them enough. Their recurring deposit account has helped me save systematically, and the interest rates are great!.”
Sajidur Rahman
Frequently Ask Questions
How do I become a member of New Life Thrift and Credit Cooperative Society Ltd?
To become a member of New Life Thrift and Credit Cooperative Society Ltd, you can visit our office in Nalbari, Assam, or apply online through our website. You’ll need to fill out a membership application form and submit relevant documents, including proof of identity, proof of address, and a passport-sized photograph. Once your application is approved, you’ll be required to make an initial deposit as per our membership guidelines. Our team will guide you through the entire process, ensuring a smooth and quick onboarding experience.
What services do you offer?
We offer a wide range of financial services designed to meet the needs of our members: Loan Services: Personal, business, and educational loans with flexible repayment options. Savings Accounts: Secure savings options with competitive interest rates. Recurring Deposit (RD) Accounts: A systematic savings plan to help you build a secure financial future.
How do I apply for a loan?
Applying for a loan is simple and hassle-free. You can either visit our office or apply online through our website or mobile app. You’ll need to provide your membership details, along with any required documentation, such as proof of income and identification. After submitting your loan application, our team will review it and get back to you with the next steps. Once approved, the funds will be disbursed directly to your account. We offer personalized support throughout the process to ensure you receive the best loan package suited to your needs.
What are the benefits of becoming a member?
As a member of New Life Thrift and Credit Cooperative Society Ltd, you’ll enjoy a host of financial benefits, including: Access to Low-Interest Loans: Tailored loan products with flexible terms and competitive interest rates. Savings & RD Accounts: Secure your future with our high-interest savings and recurring deposit accounts. Mobile Banking Services: Manage your finances anytime, anywhere with our user-friendly mobile app. Financial Guidance: Personalized financial planning and support from our experienced staff. Community Engagement: Be part of a growing community where members support each other in achieving financial independence. Additionally, as a member, you’ll have voting rights and a say in important decisions concerning the society.
What documents do I need to submit to open an account?
Here are a few additional FAQs with descriptions: 6. What documents do I need to submit to open an account? To open an account with New Life Thrift and Credit Cooperative Society Ltd, you’ll need to provide the following documents: Proof of Identity: A valid government-issued ID such as Aadhar Card, Voter ID, Passport, or Driver's License. Proof of Address: Utility bills, rent agreement, or any official document that includes your current address. Passport-sized Photograph: A recent photograph for identity verification. Once you submit these documents, our team will review and process your application. You’ll be notified once your account is activated, and you can start enjoying our services right away.
Is there a minimum deposit required to open a savings account?
Yes, to open a savings account with New Life Thrift and Credit Cooperative Society Ltd, a minimum deposit is required. The exact amount will vary depending on the type of account you wish to open. Our savings accounts offer competitive interest rates and flexible deposit options, allowing you to manage your funds efficiently. For detailed information on the deposit requirements, you can visit our office or contact our customer service team.
Can non-members access your services?
No, our services are exclusive to registered members of New Life Thrift and Credit Cooperative Society Ltd. However, becoming a member is easy and comes with numerous benefits, including access to our loans, savings accounts, recurring deposits, and mobile banking services. If you’re interested in joining, you can apply online or visit our office, and we’ll guide you through the membership process.
What is the interest rate on loans and savings accounts?
The interest rates on loans and savings accounts vary depending on the type of product you choose. We offer competitive rates on all of our financial services to ensure that our members can maximize their financial growth. For specific interest rates, we encourage you to get in touch with our customer support team or visit our website, where you can find detailed information on our various loan and savings products.
Contact Us
New Life Thrift and Credit Cooperative Society Ltd, No 1 Kandhbari ,PO - Kandhbari, p s - mukalmua District -Nalbari , Assam pin code -781126