A Multidisciplinary Research Journal - Devanga Arts College

The study examined the opinion about the rate of interest charged by the primary co-
operative banks. The collected data showed that out of 100 respondents, 21 respondents (21%)
stated that it was high, 32 respondents (32%) stated that it was very high, 40 respondents (40%)
stated it was reasonable, 4 respondents (4%) stated that it was low and remaining 3 respondents
stated it was very low.
OPINION ABOUT RATE OF INTEREST
OPINION NUMBER OF
RESPONDENTS
PERCENTAGE OF
TOTAL
High 21 21
Very high 32 32
Reasonable 40 40
Low 04 04
Very low 03 03
TOTAL 100 100.00
The table shows that majority of the respondents (40%) stated that the rate of interest
charged by the primary co-operative banks is reasonable.
DIFFICULTIES IN PROCESSING LOAN APPLICATION
Getting the loan from a bank is not an easy one. It is a long process. The study attempts
to know what the difficulties in processing the loan application are. The analysis of the data
revealed the out of 100 respondents, 54 respondents (54%) stated there was an undue delay, 31
respondents (31%) stated that requirements of unnecessary documents was the difficulty and 15
respondents (15%) stated the unnecessary formalities was their difficulty.
NATURE OF
DIFFICULTIES
DIFFICULTIES IN PROCESSING LOAN APPLICATION
NUMBER OF
RESPONDENTS
PERCENTAGE OF
TOTAL
Undue delay 54 54
Unnecessary documents 31 31
Unnecessary formalities 15 15
TOTAL 100 100.00
It is clear from the above table that undue delay is the difficulty faced by the majority of
the (54%) borrowers of primary co-operative banks.