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