Karur Vysya Bank Personal LoanApply Now
Karur Vysya Bank personal loan is an unsecured loan you can use to meet different expenses. Karur Vysya Bank is a reputed private sector bank in India. The personal loan that suits your needs at low rates of interest and a variety of repaying options can be availed through the bank. You can utilize the loan to meet the vast costs that your savings can't cover like your child’s dream education and wedding, providing the fund to set up a new business, or even a family occasion. These loans are highly adaptable and can be used for a range of purposes with the best offer.
A CIBIL score that is more than 700 will only qualify you to apply for the loan, however, a score over 800, and more like 900, will boost Bank's trust when it comes to your capacity to pay it back. The credit history and the way you paid back your loans are also important in helping the bank approve your loan. As this data can be found in the CIBIL credit report, it helps to evaluate your loan repaying capacities.
Our website, Loanbaba.com will provide you all details about personal loan Karur Vysya Bank.
|Karur Vysya Bank Personal Loan Details Updated|
|Loan Amount||Maximum Rs.100.00 Lakhs|
|Loan Tenure||1 year to 3 years|
|Interest Rate||12.95% - 15.45%|
Why Choose Karur Vysya Bank Personal Loan?
- The advantage of this loan is its same interest throughout the duration.
- Simple documentation is needed and the personal loan in Karur Vysya Bank then gets processed faster.
- The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
- You can check out Karur Vysya Bank personal loan eligibility and Karur Vysya Bank Personal Loan EMI calculator at Loanbaba.com.
Features of Personal Loans at Karur Vysya Bank
The following key points will help you understand the features and benefits of the personal loans:
- Candidates should be aged between 21 years to 58 years to be able to apply for the loan.
- By pledging securities like LIC, IVP, KVP or a land building, it is possible to acquire the loan. In the event that these are inaccessible, a guarantor needs to be there to avail the loan.
- For a salaried person: A colleague who draws the same salary should be brought along with them when they wish to draw an unsecured loan from the bank.
- For a self-employed person: A guarantor who has adequate net worth should be brought along with them.
- The bank sanctions personal loans up to a maximum of 1 crore rupees.
- The processing charge is 0.4% of the total personal loan amount
- With EMI's, loans should be paid back within a 36 month tenure
Why Apply for Karur Vysya Bank Personal Loan?
Loanbaba provides comprehensive information about personal loan schemes by Karur Vysya Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Karur Vysya Bank Personal Loan Interest Rates
Personal Loan Karur Vysya Bank interest rate ranges between 12.95% and 15.45%, but varies as per individual profile. Keep a check on this page to note the updated Karur Vysya Bankpersonal loan interest rate for the current year.
Karur Vysya Bank Personal Loan Eligibility Calculator
Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Karur Vysya Bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Karur Vysya Bank personal loan are discussed below:
- The applicant for personal loan Karur Vysya Bank needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
- He/she meet the requirement for credit score and should not be under too many debts.
Types of Karur Vysya Bank Personal Loans
Karur Vysya Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
Karur Vysya Bank Personal Loan FAQs
Below provided are important questions about personal loan Karur Vysya Bank.
1. What are the terms and conditions for the guarantor?
A suitable Guarantor is required who has good net worth and acceptable to the Bank (preferably family members, spouse or friends).
2. What is the processing fee charged?
The processing fee is up to 0.40% of the loan amount with applicable taxes.
3. Is any security required to avail the loan?
As primary security, demand promissory note is needed. Collateral security is subject to the satisfaction of the bank, but can include any of the following:
- Land & Building
- Bank Deposits
- LIC Policies etc.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Karur Vysya Bank.