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: For purchase of brand new PCs / Laptop of M/s. Wipro Technologies for personal use to be purchased from M/s. Radiant Computer Technologies.
Eligibility: Any person who is an income tax assessee for the last 3 years, whether a salaried person or a businessman, Income Tax returns for the last 3 years or Form No. 16 to be obtained including latest salary slip of previous month can avail this personal loan.
Quantum of Loan: Maximum amount that is granted as loan is Rs. 50,000/-
Margin: Minimum margin 20%.
Repayment: The repayment period of the loan varies from 12 months to 35 months.
Security & Guarantee: Two guarantors are required.
Documents Required: Proforma invoice has to be submitted along with the loan application.