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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
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Interest Rates for Loans and Advances |
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TYPES OF LOANS AND
ADVANCES |
EXISTING RATE OF INTEREST % pa |
|
Upto & Inclusive of Rs.5,00,000/- |
13.00% |
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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 |
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Click here for EMI Calculators |
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