Kapol Bank Personal Loan

Preliminary Information
Loan Details
Personal Details

Kapol Bank Personal Loan Details

Kapol Bank 4.00 / 5.04 users

Kapol Bank offers financial support to its customers who fall under economically weak society parts. In the year 1998, it was given the status of a scheduled bank and in 2000; it was given a multi state bank status. Mainly the bank had operated in the state of Gujarat, in the cities like Surat and Ahmedabad. At present, the bank has fourteen branches in Mumbai only and one branch in Surat. All the branches are fully computerised.

Loanbaba.com provides all the information about Kapol Bank Personal Loan:

Aim of providing this loan:

The borrower can use the amount to fulfil any personal requirement such as to pay off the expenses of religious ceremonies, expenses on education, family functions, travelling, a wedding, hospitalization and medical expenses that come up urgently.

People who can apply for the loan:

The applicant must be either a businessperson or a professional. Self-employed and salaried people can also avail the loan.

Key features of the loan:

  • One can avail a maximum of one lakh rupees under the loan.
  • The interest rate charged by the bank on annual basis is 16.25 % p.a. The rate can be changed anytime at the discretion of the bank.
  • The EMI will be 2, 458 rupees on every one lakh rupees that one borrows.
  • The duration for repayment of the loan is five years maximum.

Required Documents:

  • Any proof of Income like salary certificate or bank statement.
  • Any proof of Address like driving licence utility bill or passport etc.
  • Income Tax returns of last two years.
  • Application form for loan.
  • Passport size photos.
  • Any other documents that the bank may require.

From 01 July, 2017, a rate of 18 % (GST) will be levied on all the banking products and services.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Kapol Bank.

Kapol Bank Personal Loan Review


Personal Loan
14.0/5
I have a Personal Loan with Kapol Bank. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Mumbai
Personal Loan
15.0/5
As I was holding a savings account with Kapol bank they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Mumbai
Personal Loan
14.0/5
I had taken a personal loan in Delhi and thankfully the amount I required was completely approved and disbursed. Excellent work.
Mumbai
Personal Loan
12.0/5
No compromises, best personal loan in Delhi service by Kapol bank.
Mumbai

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