Housing Loan
It is a “Nidhi” type company (which typically means it primarily accepts deposits from its members and provides loans to members) rather than a full-fledged bank.
It has an active status with the ROC.
They list themselves as “Sub-Banking / Financial services” in the local listing.
Public statement on their website or trusted financial-services directory that they specifically offer housing loans (for property purchase/ construction) under regulation similar to those of housing-finance companies or banks.
Nidhi companies in India are generally governed under the Nidhi Rules, and the scope of their lending may be narrower (typically to members, often for smaller purposes) than banks or dedicated housing finance companies.
Because of this, if you are considering a housing loan (which is larger and more regulated), you should ask directly whether they have a housing-loan product, what its terms are, and whether regulatory permissions are in place.
What to check / ask before proceeding
If you approach Metro Samrudhi or a branch of theirs for a housing loan, I’d recommend you ask the following:
1. Eligibility & Membership
Are you required to become a member of the nidhi company? What is the membership process?
Do you satisfy their eligibility criteria (age, income, employment, membership tenure, )?
2. Loan product details for “housing loan” (if offered)
Maximum loan amount, interest rate (floating/fixed), tenure of loan.
Whether the loan is for purchase of property, construction, or renovation.
What type of security/collateral is required ( property-mortgage, guarantor).
Processing fees, pre-payment penalties, any hidden charges.
3. Regulatory compliance & licensing
As a nidhi company, do they have permission/licence to offer large-scale housing finance?
they registered as a housing finance company (HFC) or in partnership with one?
Is the property to be financed within their allowed geographic/loan-size limits?
4. Property & documentation requirements
What type of property is eligible (approved plan, clear title, within city limits)?
What documentation will you need: identity, income proof, property title, no-objection certificates, valuation report.
How the disbursement is done (lump-sum or in stages).
5. Repayment & other terms
What is the repayment schedule (monthly EMI, quarterly)?
What happens in case of late/missed payment? What are the penalties?
Is there insurance (life/home) mandatory?
Can you prepay or foreclose? If yes, what are the charges?
6. Trustworthiness & transparency
Since housing loans are significant commitments, check the company’s credentials, past performance, member reviews.
Verify their registration, any regulatory warnings or complaints.
Make sure the agreement is clearly laid out, with no hidden clauses.
My recommendation
Since you are located in Ghaziabad, and Metro Samrudhi is based there, it's a convenient local option to enquire. However, given the uncertainty around their offering of “housing loans”, you may also want to compare offers from:
Banks (commercial/ public sector) for standard home loans.
Registered Housing Finance Companies (HFCs).
Other local cooperative/housing societies that provide housing loans.
This will enable you to compare interest rates, tenure, security requirements, and overall trustworthiness.