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  Interest Rates

updated as on 20/04/2009

The Kapol Co-operative Bank Ltd., is offering the following interest for the various loans and advances schemes w.e.f. 20th April, 2009 -

Interest  Rates for Loans and Advances

TYPES OF LOANS AND ADVANCES

EXISTING RATE OF INTEREST % pa

Upto & Inclusive of Rs.5,00,000/-

13.00%

Over Rs.5,00,000/-

14.00%

Clean Loan for Personal Purposes

Purpose -
 
– Repairs & Renovation,
  – Marriage, Consumer etc.

16.00%

Asset Finance Scheme  / Rent Receivable Scheme

16.00%

Advances against marketable shares & debentures

13.00%

Adhoc Limit

3.00% over applicable limit

Against Clearing / Cheque & DD / P.O. Purchase

18.00%
(minimum Rs.25/-)

Housing Loan -

Upto Rs.5,00,000/-
Above Rs.5,00,000/-

EMI Rs.1378/- for every Rs.1,00,000/- for 120 months
EMI Rs.1137/-
for every Rs.1,00,000/- for 180 months

 

11.00%
11.50%

Finance to Professionals

13.50%

Educational Loan

13.50%

Vehicle Loan -
1) 2 Wheelers – Rs.75,000/- &
2) 4 Wheelers – Personal Use

3) Commercial Vehicles
    a) Up to Rs.5.00 lakhs
    b) Above Rs.5.00 lakhs
    c) Second hand Car with 25% margin


12.50%

 

14%
15%
13%

Govt. Securities (NSC / KVP / RBI Bond / LIC )

Maximum limit -
Rs.5,00,000/- for NSC / KVP / RBI Bond and
Rs.2,00,000/- against surrender value of LIC

 


12.50%
13.00%

Term Loan -

 – Machinery
 – Industrial Gala
 – Shop
 – Furniture
 – Fixtures
 – Repairs
 – Renovation of business premises
 – Commercial vehicle

As per size of advance

Computer Loan – for one computer for personal use –
Maximum limit Rs.1.00 lakhs

14.00%

Computer Loan – for one computer – personal use
(Maximum limit to branch Rs.1,00,000/-)

15.00%

Gold Loan & Advance against Third Party Deposits

As per size of advance

..... Click here for EMI Calculators


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127, Samruddhi Bungalow,  1ST Floor, Vallabhbhai Road, Opp.Rly. St., Vile Parle (West), Mumbai - 400 056
Tel.: (022) 26125906-08 Fax: 26125912 email : kapol@kapolbank.com


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