The Kapol Bank which was established in 1939, had the aim to provide financial aid, and support to the downtrodden and the economically weaker sections of society. The bank got their scheduled bank status in January 1998 and in August of 2000 it was deemed a multi-state bank. The bank primarily had their operations in cities such as Ahmedabad and Surat, in Gujarat.
This computer loan offered by the Kapol Bank can be used to purchase a computer which will be only for personal use.
Who is eligible for Kapol Bank Computer Loan?
To apply for the computer loan can be applied by any individual who is a professional, or an entrepreneur running his or her business. Salaried individuals and self-employed individuals also can apply for this loan.
Features and benefits of Kapol Bank personal loan are
The loan amount available under the computer type of loan is a maximum of Rs. 1 lakh.
The bank will charge on a yearly basis, an interest rate of 15 % per annum. This rate will be subject to change and is at the bank’s discretion.
The equated monthly installments for every lakh you borrow will be Rs. 3, 467 per lakh.
Repayment term for this computer loan will be a maximum of 36 months or 3 years.
Documents that may be required by the bank are
Applicant’s income proof such as salary certificate, bank statements, etc.
The applicant will need to provide the bank with proof of address, such as passport, utility bills, driving license, etc.
The loan application form for the computer loan.
Passport sized photographs of the applicant.
Other documents may also be required by the bank during the application process