The Kapol Co-operative Bank Ltd. – Kapol Suvidha

By | March 29, 2011

The Kapol Co-operative Bank Ltd. Was established in the year 1939 by Late Rajratna Shri Khushaldas Parekh, an educationalist, socialist and reformist. The bank was established with the main objective of the bank is to serve the economically weaker sections of the society. The bank achieved the “scheduled bank status” in January, 1988 and “Multi State” status on 9th August, 2000 with spread of its operations to Ahmedabad and Surat Districts in Gujarat State. The Kapol Co-operative Bank Ltd. is one of the fastest growing scheduled banks in India. The bank has a customer base of above 2.5 lakh customers and 67963 share holders.

Purpose: This loan aims at providing long term working capital against existing assets like, land & building, flats, offices, shops, business premises etc.

Eligibility: Corporates / Firms & Individuals can avail this personal loan.

 

Quantum of Loan: The maximum amount of loan that can be obtained for business needs is Rs. 50 lakhs and the maximum amount of loan that can be obtained for personal needs is Rs. 10 lakhs.

Rate of Interest: The rate of interest is 15% per annum.

 

Margin: 50% of market value is the margin.

 

Repayment: The maximum period of repayment is 120 months.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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