Disallowance in respect of Interest Paid to Cooperative Bank

1. There is no express provision which says that loan cannot be obtained from the co-operative bank and interest payable to the same are not deductible. 
2. The only condition imposed for allowing interest on the loan is when it is actually paid as per sec 43B. 
3. In the above case, I am assuming that interest paid is relating to a loan obtained from the cooperative bank and to claim such interest as deduction actual amount should have been paid to the co-operative bank during the year before filing the ROI. 
Please correct me if the above solution has an alternative view.