The Kapol Co-operative Bank Ltd., is offering the following various loans and advances
Type of Facility
|
Loan / OD against Shares / Debenture / PSU Bond
|
Maximum amount
|
Rs.5.00 lakhs (Physical shares)
Rs.10.00 lakhs (Demated shares)
|
Rate of interest
|
13.50% p.a.
|
Maximum repayment period
|
24 months (max)
|
EMI for Rs.1.00 lakh
|
Rs.4,778/- p.m.
|
Margin
|
50% on market value of demated shares acceptable to the Bank
|
Eligibility
|
Professionals, businessman, salaried employees and self employed
|
Purpose
|
For investment in shares & Debentures
|
Type of Facility
|
- Cash Credit against hypothecation of Stock
AND / OR Book Debts
- Bill Discounting
|
Maximum amount
|
Rs.750.00 lakhs
|
Rate of interest
|
- 14.00% p.a. up to Rs.5.00 lakhs
- 15.00% p.a. above Rs.5.00 lakhs
|
Maximum repayment period
|
Annual review
|
Margin
|
A)
B)
|
- 40% cost/market price, whichever is lower.
- 50% of Book Debts not exceeding 90 days
Bills drawn on reputed Companies. Tenure of Bills not to
exceed 90 days.
|
Eligibility
|
Businessman
|
Purpose
|
For development of business
|
Click here for EMI Calculators
|