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  • Capital Local Area Bank Personal Loan is Rated as "Expected more" by 2 Users

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    Personal Loan BYTES FROM OUR KITCHEN
    rated 2.0/5.0 by 2 users

    Capital Local Area Bank Personal Loan

    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.

    Perfect Personal Loan Deals for you

    Where is the purpose of Capital Local Area Bank Personal Loan?

    Loan amount can be used for any expenses such as marriages, family functions, sudden medical expenses, educational expenses, travel deals etc.

    Apply for Personal Loan

    What is the eligibility criteria for Capital Local Area Bank Personal Loan?

    Eligibility conditions for professionals, self-employed, employees and business community.

    What is the maximum amount of loan I can avail?

    The maximum of Rs.1.00 lakh to Rs.5.00 lakh for qualified professionals, MBBS/BDS Doctors subject to repayment capacity.

    What is the rate of interest on Capital Local Area Bank Personal Loan?

    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%)

    Capital Local Area Bank Kisan Credit Card

    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.

    Capital Local Area Bank Loan against Gold

    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.

    Capital Local Area Bank Scheme for SME

    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%.  

    Capital Local Area Bank Mortgage Loan against Property

    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.  

    What are the documents required for Capital Local Area Bank Personal Loan?

    Documents required for Capital Local Area Bank Personal Loan:

    1. Identity Proof
    2. Address Proof
    3. Income Proof or salary certificate
    4. Few other documents as per scheme

    What are the terms for Capital Local Area Bank Personal Loan?

    1. The Capital Local Area Bank will not charge any margins on this loan,
    2. A processing fee of 1% or a minimum of Rs. 500.
    3. The applicant will need to provide post-dated cheques as security
    4. Pr epayment earlier than 12 months from the date of expiry will have a 1% charge

    How do I apply for this 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.

    Capital Local Area Bank Personal Loan Reviews

    • review Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken this loan almost 3-4 years back, but the rate of interest they have been charging had been a little high. The process had been a little time consuming. I have taken this loan amount for the purchase of a car. It would have been great if it had taken less time during the process and the loan amount had been sufficient.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 21, 2018
    • review Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken this loan almost 3-4 years, the loan amount which they had been provided had been satisfactory. They had been provided with an average service, where they need to be improved in lot parameters. I have taken this loan for the purchase of a mobile.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 21, 2018
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