Co-operative Bank

The Cooperative Bank, Kapurthala

Loans Interest Rates

Sr. No. Type of loan MAX AMOUNT Term Rate Of Interest Purpose
1 Loan Against Rental Income Against Post -Tax rent of ten years Maximum 10 years or unexpired period of lease whichever is earlier. 13.00% Business and Personal needs
2 Education Loan Maximum Rs.15.00 Lacs max. 5 years. 11.00% India and Abroad  higher Study
3 Non farm sector As per requirement of unit. maximum 5 years Upto 0.50 Lacs-11.50% and above 0.50 Lacs 12% Business
4 Cash credit trader limit to trader Rs.25.00 Lacs Renewable on annual basis. 14.00% Working Capital Requirments of business.
5 Two Wheeler to Farmers maximum Rs.0.50 Lacs or75 % vaule of vehicle, whichever is less.  maxi.5 yrs. 11.00% Purchase of two wheeler
6 Mini Dairy Loan 5.00  Lacs(Rs.0.50 lac per animal). maximum 5 yrs. 10.25% purchase of Milch Animals
7 Commercial Dairy Loan. 50.00 Lacs Max.9 yrs. 10.25% Shed, Milch animals and equipments
8 Dairy loan to members of MPCS max. Rs.1.00 lac Max.5 yrs. 10.25% Purchase of max. two milch cattle
9 Rural House Building Loan Maxi.15.00 Lacs Max. 15 yrs. 8.99% Purchase of built up house,Construction of new house, Repair/renovation and Addition  of existing  House in rural areas.
10 Urban House Building Loan Rs.20.00  Lacs Max. 15 yrs. 8.99% Purchase of built up house,Construction of new house, Repair/renovation and Addition  of existing  House in urban areas.
11 Vehicle Loan Rs.15.00 Lacs Max. 8 yrs. 8.99% Purchase of new  Vehicle. 
12 Revolving Cash Credit to Farmers (RCC) Maximum  Rs.15.00 lacs ( Rs.2.00 Lacs Per Acre) Renewable on annual basis. Upto 6.00 Lacs -11.00% , Above 6.00 Lacs to 15.00 Lacs-11.50% Socio Economic needs
13 Salary Earner Loan  Maxi. Rs.2.00 Lacs or 75% of cost of article or 10 times of Gross Salary whichever is less. Max. 5yrs. 13.99% , 1% less if Salary Account is in our Bank. Purchase of  Consumer durable items.
14 Personal Loan  Maxi. Rs.6.00 Lacs or 15 times of Gross Salary whichever is less. 7 Years. 13.99% , 1% less if Salary Account is in our Bank. Personal Use
15 Self Help Group Maxi. Rs.3.00 Lacs  or 4 times of saving for six month deposited with the bank . Max. 5 years. Upto 0.50 lacs 9.50%, above 0.50 lacs 10.00% Business
16 OD Facility for Salaried employees with cooperatives banks Maxi.3.00 Lacs Renewable on annual basis. 13.00% Personal.
17 Loan scheme for Earnest Money As per scheme of the bank In case of unsuccesful candidates -on receipt of refund from housing board/ urban  As fixed by bank. To meet the financial requirements towards earnest money deposit to book residential plot/built house or  flats by Govt.Approved agency.
18 Personal loan scheme for professionals 1.5 times of net annual income or Rs.5.00 lacs, whichever is less. Maximum 7 years. 15.00 % p.a. Credit facility for meeting out socio-economics needs.

 

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