Karnataka Bank Personal Loan

• Loan amount: The loan amount for Karnataka Bank Personal Loan varies as per the category- Salary Loan(Upto Rs. 5 lakh), Insta Cash Loan(Upto Rs. 500 lakh) and Ravi Kiran Loan for Solar Energy(Upto Rs. 10 lakh)
• Flexible tenure: The personal loans offered by Karnataka Bank can be repaid maximum by 60 months. The bank offers complete flexibility when it comes to choosing the tenure
• Loan schemes: Karnataka Bank offers three personal loan schemes to fulfill various personal and professional needs of individuals
• Easy application: Karnataka Bank personal loan can be applied online by submitting minimum documents from the comfort of your home

You can avail Karnataka Bank Salary Loan to deal with financial situations like higher education, purchase of household articles/consumer durables, marriage, medical expenses, home renovation, etc. The loan amount goes up to Rs. 5 lakh.

Karnataka Bank Salary Loan – Eligibility Criteria

• You should be a permanent employee of listed companies, colleges or universities, schools
• You should have at least 3 years of residual service
• Your minimum age should be at least 21 years

Karnataka Bank Salary Loan – Security

• Upto Rs. 3 lakh:Co-obligation ofsolvent party / co-employee who should be a permanent employee of reputed companies, schools, colleges or universities
• Above Rs. 3 lakh:Co-obligation of solvent party / co-employee who should be a permanent employee of reputed companies, schools, colleges or universities and Liquid security of LIC policies(SV), NSC, deposits to the extent of 25% of the limit

Karnataka Bank Insta Cash is an ideal option to deal with business related financial situations. The loan amount offered under Insta Cash category varies from Rs. 10.000 to Rs. 500 lakh.

Karnataka Bank Insta Cash – Eligibility Criteria

Any individual who is at least 18 years, joint borrowers or partnership firms or Hindu undivided family business are eligible for this loan

Karnataka Bank Insta Cash – Security

Pledge NSCs/ Post Office Time Deposits/ Kisan Vikas Patras

Karnataka Bank Insta Cash – Repayment

• The maximum repayment period for fixed loan is 60 months and over draft facility is 24 months
• The loan must be repaid on the due dates as a lump sum or monthly/ quarterly/ half yearly/ yearly installments

Ravi Kiran Loan (Solar Energy) can be applied for the installation of solar lighting system, solar lantern, solar water heating system, etc. The maximum loan amount that can be availed goes up to Rs. 10 lakh.

Karnataka Bank Ravi Kiran Loan (Solar Energy)- Eligibility Criteria

Individuals/ HUF/Farmers /Traders /Businessmen /Proprietorship concerns /Professionals /Salaried persons /Institution, etc.

Karnataka Bank Ravi Kiran Loan (Solar Energy)- Security

• Hypothecation of solar energy products with accessories installed
• Third party solvent co-obligation/guarantee

The basic documents required to avail Karnataka Bank personal loan are as follows:

• Proof of Identity like Passport/ PAN Card, Aadhar card, Voter’s ID, Driving License
• Proof of Residence like Utility Bill, Passport or Lease and License Agreement
• Bank Statement for the last 3 months with income details
• Salary slip for the last 3 months
• 2-3 Passport Size photographs

Note: As per the type of personal loan you avail, you might be asked to submit some additional documents by the bank.

It is more convenient to use Paisabazaar’s personal loan EMI calculator in order to estimate your monthly EMI payouts of Karnataka Bank personal loan rather than calculating it manually. As, the EMI calculator saves your time and tells you the EMI within seconds.

• Go to the Personal Loan EMI calculator
• Scroll the sliders to loan principal amount, the applicable interest rate and the required loan tenure
• Get instant results

• You can call on 1800-425-1444 or 080-220-215-07/08/09
• You can send an email on info@ktkbank.com

The range of minimum and maximum value of loan would be from Rs.10, 000 to a maximum of Rs.500 lakhs