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  • Vehicle loan

    The Kapol Co-operative Bank Ltd., is offering the following various loans and advances


    Type of Facility

    Vehicle loan (Two Wheeler)

    Maximum amount

    Rs.0.75 lakh

    Rate of interest

    13.50% p.a.

    Maximum repayment period

    60 months (max)

    EMI

    Rs.1,726/-

    Margin

    25% on value of proforma invoice / Quotation

    Eligibility

    Professionals, businessman, salaried employees and self employed

    Purpose

    To purchase two wheeler



    Type of Facility

    Vehicle loan (Four Wheeler for personal use)

    Maximum amount

    Rs.50.00 lakhs

    However, eligibility subject repaying capacity.

    Rate of interest

    13.50% p.a. for Brand new vehicle

    Maximum repayment period

    60 months (max)

    EMI for Rs.1.00 lakh

    Rs.2,301/-

    Margin

    25% on value of proforma invoice / Quotation
    (Brand new vehicle)

    Eligibility

    Professionals, businessman, salaried employees
    and self employed

    Purpose

    To purchase four wheeler for personal use



    Type of Facility

    Vehicle loan (Four Wheeler for Commercial purpose)

    Maximum amount

    Rs.750.00 lakhs

    However, eligibility subject repaying capacity.

    Rate of interest

    15.00% p.a. for Brand new vehicle (Loan amount up to Rs.5.00 lakhs)

    &
    16.00% p.a. for Brand new vehicle (Loan amount above Rs.5.00 lakhs)

    Maximum repayment period

    60 months (max)

    EMI for Rs.1.00 lakh

    Rs.2,379/- with interest @ 15.00% p.a.
    &
    Rs.2,432/- with interest @ 16.00% p.a.

    Margin

    25% on value of proforma invoice / Quotation
    (Brand new vehicle)

    Eligibility

    Professionals, businessman, salaried employees and self employed

    Purpose

    To purchase four wheeler for commercial use


    Click here for EMI Calculators