Karur Vysya Bank Personal Loan In this article you Karur Vysya Bank Personal Loan Will get information about | If you want to take advantage of Karur Vysya Bank personal loan, then this article is for you.
in present time Karur Vysya Bank Personal Loan Interest Rate 9.95% p.a. starts from The bank offers various types of personal loans in which the loan amount varies.
To get this loan you have to apply online or offline. In this article, we will know in detail what is Karur Vysya Bank Personal Loan, what is the interest rate, documents, eligibility etc. of this loan, so read this article till the end.
Karur Vysya Bank Personal Loan 2022
You can take a personal loan for any of your personal expenses like marriage interest, medical emergency, travel, higher education, children’s fees etc. Karur Vysya Bank Provides many types of Instant Personal Loan schemes that you can take advantage of.
The interest rate and loan amount of each personal loan are also different. The amount disbursed under the personal loan depends on the credit score of the applicant. Many factors affect the personal loan eligibility, such as the applicant’s income, CIBIL score, age, type of employment, residence, repayment capacity, etc.
If the applicant has a good CIBIL score and income and the applicant is an existing customer of the bank, then he can take advantage of the bank’s attractive interest rates.
HIGHLIGHTS:
| loan name | Karur Vysya Bank Personal Loan 2022 |
| name of lender | Karur Vysya Bank |
| Rate of interest | Starting at 9.95% p.a. |
| loan amount | Varies depending on the loan |
| processing fee | Up to 0.50% of the loan amount |
| loan tenure | 72 months |
| official website | www.kvb.co.in |
KVB Personal Loan Interest Rate 2022
Karur Vysya Bank Personal Loan Interest Rate 9.95% p.a. starts from KVB Bank offers many types of personal loans and the interest rate is also different in different personal loans.
KVB Personal Loan Schemes
The bank offers a variety of personal loan schemes. You can apply for the personal loan scheme you want to avail. These personal loan schemes are as follows:
- bon voyage
- Jewel loan / Overdraft
- Insta Loan
- Personal Loan (Secured / Unsecured)
- quick loan
- IPO Funding
bon voyage
- People living in India can take advantage of this KVB Bon Voyage Scheme for business or traveling abroad.
- Margin – 25%
- Processing Fee – 0.30%
- Loan Repayment Tenure – Maximum 36 Months
- The applicant can avail this personal loan for business or personal purpose of traveling abroad.
- The guarantor can be any creditworthy person who is related to the borrower.
Jewel loan / Overdraft personal loan
- You can get this loan on gold jewelery and you can get this loan in just some time.
- The bank offers this loan to the customer in the form of Jewel Loan Overdraft (Swarnamitra) and Short-Term Loan (Jewel Loan – Non-Farm / Personal).
- You can take a minimum loan of Rs 5000 under this loan.
- You can take a loan up to a maximum of Rs 75 lakh.
- The maximum repayment period of the loan is 12 months.
- Processing Fee – 0.50% of the loan amount.
- People who have gold ornaments can easily take advantage of this loan.
- This loan can be taken for personal purposes.
- Interest is to be paid monthly in this personal loan.
- At the time of renewal, the drawing power will be determined on the basis of prevailing gold rates notified by the bank.
- No exchange of jewelery is allowed under this personal loan.
- The minimum interest rate of this loan is 9.50% to maximum 10.00%.
Insta Loan
- Employees of reputed companies / schools / government institutions etc. can take advantage of this personal loan.
- These employees can take this Karur Vysya Bank Personal Loan for their personal expenses like marriage, education, medical etc.
- The maximum repayment period of the loan is 72 months.
- Documentation Fee – Nil
- Collateral Security (collateral security) – No
- It is a type of installment loan.
- This loan can be availed only by permanent employees who have minimum 2 years of service and 1 year of unexpired service, who are non-defaulters of any other bank or FI.
- The interest rate for this personal loan starts from 11.00% per annum.
Personal Loan (Secured / Unsecured)
- You can take advantage of this KVB Personal Loan to meet your personal needs.
- You can get a loan of minimum 50 thousand rupees.
- You can get a maximum loan amount of Rs 10 lakh.
- The maximum repayment period of the loan is from 1 year to 5 years.
- The entire process of personal loan is paperless.
- This loan is a short term, long term loan.
- The bank provides loan approval in just 15 minutes after being satisfied with the credit history of the customer.
quick loan
- You can avail this loan to meet any of your personal or business needs.
- The special thing about this loan is that the customer can repay this loan in installments or completely at the end of the loan tenure.
- Processing Charge – Rs.500.
- Collateral Security – No
- You can get a maximum loan amount of Rs 25 lakh.
- This loan is a short term, long term loan.
- Overdraft is also accepted in this loan.
IPO Funding
- People who want some financial help to invest in the initial public offering (IPO) of a company can take advantage of this Karur Vysya Bank Personal Loan.
- Margin – 50%
- You can get a loan of minimum 5 lakh rupees.
- You do not have to give any guarantee for this loan.
- This loan is a short term loan.
- One person or joint person (maximum 3) can get this loan.
- Loan repayment period – maximum 15 days from the date of loan disbursement
Personal Loan Secured Others
- The bank provides this loan to meet the rapidly growing personal and business financial needs.
- This loan can be availed both in the form of Term Loan (EMI) and Overdraft facility.
- The minimum loan amount under this loan is 0.50 Lakhs.
- The maximum repayment period of the loan is 100 months.
- Residents of India and NRIs both can apply for this loan.
- You can get this loan for any of your personal purposes like health, business, education, consumption etc.
- The loan process is completely paperless.
- This loan will be approved in just 15 minutes if the credit score of the applicant is very good.
Karur Vysya Bank Personal Loan Eligibility
Only those people who are eligible for this loan can apply for the loan. As it is known that Karur Vysya Bank offers a variety of personal loan schemes. The terms and conditions are also different for different loan schemes. You can find these terms and conditions below:
Terms and Conditions for Bon Voyage
- Only an Indian citizen or a person living in India can take this loan.
- Foreign exchange cannot be released for travel to Nepal/Bhutan.
- In case of employment, the person’s take home salary should be at least Rs 1.80 lakh per annum.
- The net take-home pay available to the customer after deducting the loan EMIs shall be at least 25% of the gross salary as indicated by the salary certificate/salary slip.
- The employer will have to give an undertaking to deduct the monthly installments and pay directly to the bank.
Terms and Conditions for Jewel loan / Overdraft
- Interest is to be paid monthly in this loan.
- At the time of renewal, the drawing power will be decided by the bank on the basis of gold rates.
- Only those people who have gold ornaments are eligible for this loan.
- No exchange of ornaments will be allowed.
- Once the overdraft account becomes irregular or overdue, all the provisions applicable to Jewel Loan (recovery by auction, etc.) will apply.
Terms and Conditions for Insta Loan
- The net take home salary after deducting the installments of the proposed loan will be at least 25% of the gross salary.
- Financial standing of the Corporate/Firms/Trusts etc. and ensuring that they are in existence for the last three years and making profits.
- Before approving the loan, the bank will verify the repaying capacity, creditworthiness, integrity, local status etc. of the applicant.
- Undertaking letter should be available from competent salary disbursing authority.
- Temporary employees cannot apply for this loan.
Terms and Conditions for Personal Loan (Secured / Unsecured)
- The net take home pay shall be at least 25% of the gross pay after deducting the proposed loan installments.
- It will be mandatory to give salary certificate for verification of repaying capacity.
- It is mandatory for self-employed individuals to file IT returns to ensure income and repayment capacity.
- Before giving the loan to the applicant, the bank branch will verify the applicant’s credit history, repayment capacity etc.
- In the case of salaried employees, an undertaking shall be insisted upon by the employer to deduct the loan installments and interest from the salary of the borrower.
Terms and Conditions for Quick Loan
- Interest is to be paid for overdraft.
- The ROI for the overdraft will be re-fixed at the time of renewal.
- OD is permitted for a maximum period of one year.
- Loan will not be provided on the application of minors.
- LIC policies will not be accepted as securities in this loan scheme.
Terms and Conditions for IPO Funding
- The person applying should have a savings account with KVB Bank.
- The applicant should have a demat account with this bank or with one of the approved DPs like M/s.
- The name and sequence of the applicant should be the same in all the records.
Terms and Conditions for Personal Loan Secured Others
- Eligibility for applying for this loan will be derived on the basis of average income of the latest three years as declared in ITR.
- The minimum income of the applicant should be Rs.15000 per month.
- Residential and commercial buildings owned by residents of India will be accepted as securities.
- Factories, cinema halls, agricultural property, godowns, schools, restaurants, etc. will not be accepted as securities.
KVB Personal Loan Documents Required
- Photo Identity Proof (Any One Document): PAN Card, Voter ID Card, Aadhaar Card, Passport, Driving License.
- Address Proof (Any One Document): Ration Card, Passport, Electricity Bill, Telephone Bill, Sale Deed/Property Purchase Agreement (for owned properties), Aadhaar Card, Driving License, Bank Account Statement.
- Salary Proof: Last 3 Months / 6 Months Bank Statement, Latest Salary Slip |
How to apply for Karur Vysya Bank Personal Loan?
You can apply for this personal loan online or offline, details about which are given here:
KVB Personal Loan Apply Online
- On the home page of the website, the option of Personal > Loans > Personal loans will appear, click on it.
- After clicking, all the loan schemes will appear in front of you on the next page.
- Click on the personal loan scheme you want to apply for.
- On the next page, all the information related to that loan will appear in front of you. You have to see this complete information correctly.
- To apply, you will see the option of Apply Now on this page, click on it.
- A form will open in front of you.
- You have to enter all the information sought in this form and submit the form.
- After submitting the form, the bank will contact you and the loan process will be continued further.
How to apply offline?
- To apply offline, you must first go to your nearest bank branch.
- You will have to contact the bank employee by going to the bank branch.
- The bank employee will provide you all the information related to Karur Vysya Bank Personal Loan.
- After that your documents will be verified and you will be given a form.
- You have to fill the form correctly, attach your documents and submit the form there.
- After that the loan process will be continued further.
KVB Personal Loan Customer Care Number
- Helpline (Domestic) : 1860 258 1916
- Helpline (Outside India) : +91 44 – 66217600
- E-mail: [email protected]
conclusion
In this article we have given you Karur Vysya Bank Personal Loan Complete information about has been provided. Anyone who wants to get a personal loan from this bank can read this article to get information about the complete process of applying for a personal loan.
For any other type of information about this loan, you can write to us in the comments.
FAQ:
Starts from 9.95% p.a.