LOANS & ADVANCES Kapol Vasahat Kapol Vahan Kapol Vidya Kapol Saral Kapol Suvidha Kapol Karishma Kapol Kaushal

KAPOL SWAPNA SIDDHI LOAN SCHEMES

KAPOL SWAPNA SIDDHI LOANS offers a collection of 10 specialised loans. The loans are convenient, offer moderate interest rates on daily reducing balance,  easy installments, processed quickly and above all there are no hidden costs.

We are offering the following types of loans in the Kapol Swapna Sidhi Scheme :-

• Kapol Vasahat ( Home Loans & Appliances )

• Kapol Vahan ( Car & Two Wheeler )
• Kapol Vidya ( Higher Education & Computer)
• Kapol Saral (Personal & Loans / OD against shares / Debentures / PSU Bonds)
• Kapol Working Capital Finance
• Kapol Suvidha ( Asset Finance )
• Kapol Karishma ( Loan against receivables )
• Kapol Kaushal (Finance scheme for professional & self employed)

Other Loan Schemes -

• Kapol Easy "DESH-VIDESH" Travel Loan

• Loan for Purchase of Wipro PCs / Laptop

All these schemes as well as the applicable rate of interest are subject to change as per bank's policy. Kindly confirm from the respective branch / office.

General Terms & Conditions -

• The applicant borrower must open Savings Bank / Current Account and furnish all papers / documents as per the bank's requirements.

• The applicant borrower eligible as per bye-laws (Residing / carrying on business within the area of operation of the bank) must apply for shares of the bank for a minimum amount of Rs.300/- and entrance fee of Rs.10/-. Upon sanction of the loan, additional shares upto 2.5% of the loan amount or Rs. 1 Lac, whichever is less must be acquired before disbursement of the loan.

• Two sureties / guarantors with adequate means in relation to loan amount and paying income tax should be provided and they should be shareholders / nominal members.

• The applicant borrower should produce / comply with the following
  papers / documents and terms of loan:

  1. Application for loan should be complete in all respects, duly
     signed by him / her and the sureties / guarantors.

  2. The recent passport size photograph of self and the
     sureties / guarantors with name and signature at the
     back of the photographs.

  3. Last three years income statements / financial papers duly certified / audited.

  4. Property documents / proforma invoice of authorized dealer for equipments to be purchased and other related documents as may be required by the bank should be produced.

  5. The borrower/s and sureties / guarantors should execute the documents as required by the bank before disbursement of the loan.

  6. The borrower should have exclusive banking with the bank. For opening and operating with any other bank, prior consent must be obtained from the bank.

• The disbursement of the loan will be made by the bank directly to the seller / vendor.

• The borrower must ensure that the equipments / goods purchased out of the loan are in proper working conditions and free from all encumbrances.