Karnataka Bank Personal Loan Interest Rates

• Karnataka Bank provides a variety of personal loans to meet the unique demands of different types of applicants.
• By supplying a few sample papers, you may quickly apply for a Karnataka Bank personal loan online from the convenience of homes or offices.
• Personal loans from Karnataka Bank have a flexible repayment period that starts at 12 months and can be extended up to 60 months.
• Karnataka Bank provides three personal loan plans to meet the diverse personal and professional demands of its customers.

Following are the types of Personal Loan Schemes from Karnataka Bank-

KBL Insta Cash Loan provides funds for consumption. It is an excellent choice for dealing with both personal and business-related financial difficulties. It is a secured personal loan with Post Office Time Deposits/NSCs/KVPs as collateral.

KBL Insta Cash Loan has the following main features-

• The maximum payback time for fixed loans is 60 months, while the overdraft facility is 24 months.
• The interest rate begins at 11.32% p.a.
• Loan amounts range from Rs. 10,000 to Rs. 500 lakh.
• Repayable in a lump sum or monthly/quarterly/half-yearly/yearly instalments on the due date.

KBL Xpress Cash Loan provides you with immediate loans to cover any personal financial need, such as medical expenditures, schooling, wedding, travel, and so on. The loan is simply obtained online and requires little documentation.

The following are some of the important characteristics of the KBL Xpress Cash Loan-

• The interest rate starts as low as 12% per annum.
• Within 10 minutes of loan approval, funds were disbursed.
• A loan amount of up to Rs. 5 lakh is available.
• Provides a flexible payback period of up to 60 months.

KBL Ravi Kiran Loans can be obtained for the installation of solar lighting systems, solar lanterns, solar water heating systems, and other similar projects. The application process is straightforward and requires little documentation.

The following are some of the important elements of the KBL Ravi Kiran Loan-

• The interest rate starts as low as 11.67% per annum.
• A loan amount of up to Rs. 10 lakh is available.
• It has a flexible repayment period of up to 60 months.
• As security, the hypothecation of solar energy products with accessories fitted is required, as is a third-party solvent co-obligation/guarantee.
• It can be paid back in equal monthly/quarterly/half-yearly/yearly instalments.

Here is the table to show the Karnataka Bank personal loan interest-

• You must be a government or private sector employee with at least six months of work experience.
• The minimum eligibility age is 21 years.
• The minimum monthly income of Rs.15,000 is needed.
• You should not have an existing Karnataka Bank unsecured personal loan.

The following are the primary documents required to obtain a Karnataka Bank personal loan-

• Passport/PAN Card/Aadhaar Card/Voter ID/Driving License, etc. as proof of identity (anyone).
• Utility bill/passport/rent agreement, etc., as proof of residence (anyone).
• The Bank statement of the last 3 months - including income information
• Salary slip for the previous three months (for salaried applicants).
• 2-3 passport-sized photos