The Kapol Bank was established in 1939, to provide financial support to the economically weak parts of society. The bank received the status of a scheduled bank status in January 1998 and in August of 2000 it received the status of a multi-state bank. The bank primarily had their operations in Gujarat, in cities such as Ahmedabad and Surat. Today they have around 14 branches in Mumbai and 1 branch in Surat that are completely computerised branches.
This personal loan offered by the Kapol Bank can be used for any personal expenses of the applicant. It can be for any emergency medical and hospitalization expenses, expenses related to a marriage, or even any other religious ceremonies etc.
To apply for the personal loan from Kapol Bank the applicant should be either professionals, or should be an individual who runs his/her business. Even salaried or self-employed individuals can apply for this loan.