The Kapol Bank made an arrangement with Wipro -
The Leader in Information Technology to
finance for purchase of PCs / Laptops to their employees as well as others on special terms and conditions as detailed hereunder :
Eligibility - Any person who is an income tax assessee for
the last 3 years, whether a salaried person or a businessman,
Income Tax returns for the last 3 years or Form No. 16 to be
obtained including latest salary slip of previous month. (Only salary slip will not be acceptable)
Purpose - For purchase of brand new PCs / Laptop of
M/s. Wipro Technologies for personal use to be purchased from
M/s. Radiant Computer Technologies.
Amount - Maximum Rs. 50,000/-
Margin - Minimum margin 20%.
Rate of Interest - 13% p.a.
Repayment Period - Varying from 12 months to 35 months.
EMI for Rs. 50,000/- -
For 12 months Rs. 4,500/-
For 18 months Rs. 3,100/-
For 24 months Rs. 2,400/-
For 35 months Rs. 1,730/-
Processing fees - Rs. 100/-
Documentation Charges - Rs. 300/-
Share Linkage - 2.5% of the loan amount.
Guarantor - Two guarantors are required. (In case of Wipro confirmed employees one guarantor will do).
Insurance - M/s. Reliance General Insurance Co. Ltd.
Policy cover would be provided by Wipro.
Other conditions - - Proforma Invoice alongwith loan
application and Bill / stamped receipt to be produced on
disbursement.
Margin @20% to be kept in Saving Bank
Account to make the full payment directly to the dealer.
PDC’s of other banks towards repayment.
Our staff member can also avail the
above scheme @11% subject to their deductions being within
the permissible limit.
