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
|