Karnataka Bank Personal Loan

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Loan Details
Personal Details

Karnataka Bank Personal Loan Details

Karnataka Bank 4.00 / 5.04 users

Karnataka Bank Personal loan is one of the best ways to meet your financial needs. Karnataka bank is a major private sector bank, and has a wide reach across India. It provides financial services such as loans, insurance, debit cards and deposits etc. A personal loan can be utilized for any expenses, such as home renovation, medical emergencies, travel trip, shopping, etc.

Our website, Loanbaba.com will provide you all details about personal loan Karnataka bank.

Karnataka bank Personal Loan Details Updated on
Loan Amount Rs.25,000 to Rs.5 lakhs
Loan Tenure 1 to 5 years
Interest Rate 11.45% to 13.95% p.a.

Why Choose Karnataka bank Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in Karnataka 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 Karnataka bank personal loan eligibility and Karnataka bank Personal Loan EMI calculator at Loanbaba.com.

Features of Personal Loans at Karnataka bank

The following key points will help you understand the features and benefits of the personal loans.

To ensure early approval of your personal loan¸ here are given a few factors:

  • Income:Those whose salary is below a certain threshold will not be able to repay the loan. Thus, it is important to be sure of this detail.
  • CIBIL Score:This is important as it helps the bank to decide whether you are a good investment to the bank. If the bank is unsure about getting the money in a given time, the bank may not approve the loan.
  • Any Debts:Make sure you don’t have a heavy debt burden already. When your debt is lower, you are more likely to avail the loan. Thus, the bank looks at your current debts in order to make sure if you are eligible for a loan.
  • Your Relationship with Karnataka Bank: Lastly, the relationship you have maintained with the bank is also important. If you have been a loyal customer of the bank for a longer period, the chances of approving your loan quickly are higher.

Types of Karnataka bank personal Loans

Karnataka bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Why Apply for Karnataka bank personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Karnataka 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.

Karnataka bank personal Loan Interest Rates

Personal Loan Karnataka bank interest rate is between 11.45% and 13.95% p.a., but varies as per individual profile. Keep a check on this page to note the updated Karnataka bank personal loan interest rate for the current year.

Karnataka bank personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Karnataka bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Karnataka bank personal loan are discussed below:

  • The applicant for personal loan Karnataka 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.

Karnataka Bank Personal Loan FAQs

Below provided are important questions about personal loan Karnataka bank.

The features of salaried person loan are given below.

  • The maximum sum that can be borrowed under this scheme is Rs 5 lakh.
  • To be eligible for this loan, the individual must be a permanent employee of an institution, such as a company or an educational institution.
  • Maximum age and maximum duration are 55 years and 5 years respectively.

The aspects of a personal loan for salaried people as well as others, are mentioned below.

  • The maximum withdrawal sum at a time is twenty five thousand rupees.
  • Those individuals who are self-employed, freelancers, or early retirement pensioners can avail of this loan. They must not be above 55 years of age.
  • The loan is for a period of one year only, but it may be renewed by the bank as required, to the discretion of the bank.
  • The salaried individuals can apply for the loan. Maximum loan amount is Rs. 5 lakhs.

You will require producing few documents to get the loan approved. The documents will include proof of residence, identity, income, bank statement, income tax, and credit report, and others as demanded by the financial company.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Karnataka Bank.

Karnataka Bank Personal Loan Review

Personal Loan
I have a Personal Loan with Karnataka Bank. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Personal Loan
As I was holding a savings account with Karnataka Bank they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Personal Loan
I had taken a personal loan in Delhi and thankfully the amount I required was completely approved and disbursed. Excellent work.
Mumbai 20 July 2021
Personal Loan
No compromises, best personal loan in Delhi service by Karnataka Bank.
Mumbai 19 July 2021

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