Personal Loans with Karnataka Bank, Apply In Good Rates

Amount of Loan:

• Karnataka bank offers maximum of 10 times of monthly gross salary. The maximum quantum of loan is Rs.5 lakh

Loan Tenure:

• Up to 5 years

Security:

• Up to 2 Lakh, co-applicant should be a permanent employee of reputed companies, universities, Institution, Colleges
• Above 2 lakh, co-applicant should be a permanent employee of reputed companies, universities, Institution, Colleges, Liquid security of LIC policies and NSC

Interest Rate:

• Base rate: 10.25%
• Interest Rate: BR+6.50...17.00%

Eligibility for K-Power Personal loan:

• Individual having SB/CA in this bank is eligible. He can be a salaried person, a professional or someone receiving regular income from rent and Pension, etc.

Loan Amount:

• You can get up to Rs.25, 000. The amount withdrawal can be through ATM.

Period:

• Subject to renewal before the due date

Documents required for Karnataka bank Personal loan

• Recent passport size Photographs

Identity Proof:

• Passport, Voter Id, PAN Card, Driving License

Address Proof:

• Ration Card, Electricity Bill, Passport

Income Proof:

• Last three months Bank Statements, 6 months passbook

For salaried Individual:

• Latest salary slip
• Form 16

Documents for self employed people

• Latest bank statements
• Income Tax Return for last 2 years

If you would like to know more about Personal loan in Karnataka bank, have a word with our team and experience the difference.