Capital Local Area Bank Personal Loan Details

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Capital Local Area Bank provides its customers with Personal Loan that helps in bringing their lives back on the track and taking care of the genuine and sudden financial requirements. Loanbaba.com provides all the information about Capital Local Area 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.

Below is given some more information about the loan:

• The maximum loan amount that one can avail can be from one lakh to five lakh/li>
• For BDS / MBBS Doctors, professionals being a subject of capacity of repayment.
• The rate of interest for this loan is 17.30 % (10.55 %( base rate) + 6.75 %

Required documents to avail the loan:

Following documents are needed to avail the loan:

• Any Proof of Identity
• Any proof of Address like driving licence utility bill or passport etc.
• Salary certificate or proof of Income
• Any other documents that the bank may require.

Terms of the loan:

Below are given terms of the loan:

• The bank won’t charge any margin on the loan
• The charge of processing is applicable that can be one percent or five hundred rupees minimum.
• One needs to provide post dated cheques for security purpose.
• Prepayment that is made earlier than one year from the expiry date, fetch a charge of one percent.

The applicant can fill the form on the bank's website and the representative of the bank will call him/her. In this way, one can apply for the loan.

From 01 July, 2018, 18% GST will be levied on all the banking products and services.