The requirement for finance to deal with day to day life can go off track with sudden major expenses. Capital Local Area Bank Personal Loan can help bring your life back on track and take care of the sudden and genuine financial needs. Use the Capital Local Area Bank Personal Loan for any expenses like social obligation such as marriages, family functions, sudden medical expenses, educational expenses, travel deals etc.
Loan amount can be used for any expenses such as marriages, family functions, sudden medical expenses, educational expenses, travel deals etc.
Eligibility conditions for professionals, self-employed, employees and business community.
The maximum of Rs.1.00 lakh to Rs.5.00 lakh for qualified professionals, MBBS/BDS Doctors subject to repayment capacity.
Interest rate for this loan from Capital Local Area Bank will be at a rate of 17.3% (Base Rate of 10.55% + 6.75%)
Many banks are coming up with credit cards that are exclusively made for farmers of India. If you are looking for a Kisan credit card, you can check out the options offered by Capital Local Area Bank. This card will assist farmers in taking care of their various agricultural requirements. This loan can be obtained only by farmers and cultivators. The loan applicant needs to get a third-party guarantor for this loan. The farmer will need to offer mortgage of the land or standing crops to furnish security to the lender.
Have you invested in gold? You can utilise this asset as a security or collateral to apply for a loan from Capital Local Area Bank. This way you can make use of your gold assets that are lying idle in your account. The funds that you get from this loan can be utilised for all your personal expenditures such as wedding expenses, agricultural operations, education plans, medical treatment expenses, etc. This loan is offered as a term loan and as an overdraft facility. The margin for a term loan will be 30% of your security and for an overdraft facility, the margin will be 40% of the security.
If you are looking for loans for small and medium-sized enterprises, you can check out the Capital Local Area Bank Scheme for SMEs. This loan scheme is specifically designed to help out people belonging to marginalised sections of the society. This loan can be utilised for buying extra stock, for buying inventory, for enhancing the operations of the SME, etc. You will be required to pay 1% of your loan amount if you wish to prepay your loan. In order to get this loan, you will have to give a margin of 25%.
Are you planning to start a new business venture or are you in need of funds for your personal purposes? You can meet these financial requirements if you own a property. Capital Local Area Bank offers a Mortgage Loan against Property. The minimum amount offered by this loan is Rs.25,000. The margin for this product is 50% of your security. You will need to get a third-party guarantee to apply for this loan. This loan is offered to individuals, public limited companies, firms, private limited companies, etc.
Documents required for Capital Local Area Bank Personal Loan:
To apply for the loan from Capital Local Area Bank you can fill in a form on their website requesting a call back from their representative.
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