Karnataka Bank Personal Loan

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Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Karnataka Bank Personal Loan

A personal loan is a financial aid provided by commercial banks and NBFCs to its customers. Karnataka Bank offers one of the best interest rates in the market. Also, a personal loan in comparison to other loans has very competitive interest rates. It is an instant finance option, you get the funds in no time at all. It is an unsecured loan, so you don’t have to pledge any asset of yours to the bank. It has many easy repayment offers, the borrower is free to choose any of it according to his convenience.

Karnataka Bank Personal Loan Eligibility

There are some eligibility criteria of the banks to provide Karnataka Bank Personal Loan. You have to qualify the eligibility criteria to get the finances for your requirements. Check your eligibility in a minute. Apply online and get Karnataka Bank Personal Loan instantly. Generally, two categories of applicants are there.

  1. Salaried
  2. Self-employed

Criteria for both the categories is different. Let us look at them in detail.

Salaried Applicant

  1. Firstly, the age of the applicant is required to be more than 21 years and maximum of 60 years.
  2. Secondly, that monthly income should be Rs.18,000 at least.
  3. After that, the applicant should have the work experience of minimum 3 years .
  4. The applicant should be getting the salary in his/her bank account.
  5. The credit history of the applicant should be good (more than 700).

Self-employed Applicant

  1. If the applicant is self-employed then his/her age should be 25 years at least and maximum of 65 years.
  2. The customer should be filing ITR for last three years at least.
  3. His/her CIBIL score should be good (more than 700).

Karnataka Bank Personal Loan Documentation

Karnataka Bank Personal Loan

  1. One Identity Proof (Aadhar Card/ PAN Card/ Driving License/ Voter ID Card/Passport)
  2. One Residence Proof (Aadhar Card/ PAN Card/ Driving License/ Voter ID Card/Passport)
  3. Income Proof (Salary Slips of last three month or online bank statement of last 6 months)
  4. Two Passport size photographs.

Salaried Individual

Self Employed People

Last 3 months salary slips & last 6 months bank statement

 ITR of minimum 2.5 lakhs for last 3 years

Identity Proof: Aadhar Card/Pan Card/Voter Id/ Driving License/ Passport

Address Proof: Aadhar Card/Pan Card/Voter Id /Passport/Driver License and if the person is living in a rented apartment then rental agreement, electricity & water bill and owner’s address

 Two colored photographs

 PAN Card photocopy

Karnataka Bank Personal Loan Interest Rates

Every bank has different interest rates. Karnataka Bank Interest Rates vary between 10.50 % – 18% per annum. The interest rates of the bank depend on certain factors like, the customer’s profile, CIBIL score of the applicant, monthly income, debt history, capability to pay back the loan, etc.

Karnataka Bank Personal Loan Advantages

  1. Easy Loan Tenure: Pay off your Karnataka Bank Personal Loan at your ease. The bank provides loan amount from Rs 50,000 to Rs 25,00,000 and you can repay it easily by opting for tenures ranging from 12 months to 60 months. Generally, loan amount varies according to the income of the applicant.
  2. Balance transfer option: There is no need to pay a higher interest rate on your already running personal loan. You have the option of transferring your loan to Karnataka Bank at the low-interest rates. You also have the option of getting an additional loan, as per your eligibility when you transfer your existing loan from any other bank to Karnataka Bank.
  3. Existing customer advantage: The bank provides extra benefit to its existing customers. Existing customers can avail the Karnataka Bank Personal Loan without providing income papers and also at best interest rates.
  4. Easy documentation: Here you can avoid multiple documentation processes. At Karnataka Bank, it is easy to apply for Karnataka Bank Personal Loan, as the documentation process is simple and hassle free.
  5. Quick approval process: You don’t have to wait too long to get a personal loan anymore. At Karnataka Bank, we are prepared to meet your urgent financial needs. You will get the money when you need it the most. It will take maximum 12 hours to get the loan disbursed, once your documentation is verified and completed.

Karnataka Bank Personal Loan Service Charge

The charges at Karnataka bank are very minimal, Only 1% is taken as the service charge.

How to Apply for Karnataka Bank Personal Loan?

  1. First of all, visit www.dialabank.com.
  2. After that, fill the online application form.
  3. Enter your contact number and other details.
  4. We will contact you in no time at all and guide you forward.

Why choose Dialabank for Personal Loan?

  1. We are always there to help you at any time of the day.
  2. Dialabank is one stop destination where you can get all the information of different banks and schemes.
  3. It is a financial platform where you can check and compare different loan rates across different banks.
  4. You get guidance from our experts 24*7.

FAQs About Karnataka Bank Personal Loan 

Q. What is Karnataka Bank Personal Loan?

KBL Xpress Cash Loan is a Personal Loan scheme from Karnataka Bank for all your personal needs. You can avail a loan amount of up to ₹5 Lakhs with zero paperwork and disbursal in 10 minutes.

Q. How does Karnataka Bank Personal Loan work?

KBL Xpress Cash Loan is a paperless Personal Loan that can be availed for a loan amount of up to ₹5 Lakhs. All you need to do is apply online at Karnataka Bank’s digital platform and submit your documents. Upon approval, the loan amount will be sent to your bank account within 10 minutes.

Q. What is Personal Loan rate of interest in Karnataka Bank?

Personal Loan rate of interest in Karnataka Bank is between 12% to 17% per annum with a maximum loan tenure of 60 months.

Q. How can I get Karnataka Bank Personal Loan?

You can get a KBL Xpress Cash Loan by applying online at Karnataka Bank’s official website or by walking into the nearest branch in person. You just require basic documents such as your identification and income proof to avail a Personal Loan.

Q. How to apply for Personal Loan in Karnataka Bank?

You can apply for a Karnataka Bank Gold Loan by visiting the nearest branch and with your documents or through the online portal of the bank. You can also apply with Dialabank and compare the offers from different banks and financial companies for all your loan needs.

Q. Why apply for Karnataka Bank Personal Loan?

Personal Loans are unsecured thus you are not required to submit any security. The loan amount disbursed can be used to meet a number of personal financial requirements. The KBL Xpress Cash Loan is quick and requires minimal documentation with zero paperwork.

Q. How much EMI on Karnataka Bank Personal Loan?

Your Personal Loan EMIs depends on your loan amount, rate of interest, and tenure and can be easily calculated with Dialabank’s EMI Calculator.

Q. How much CIBIL score required for Karnataka Bank Personal Loan?

Having a CIBIL score above 700 will make you eligible for Karnataka Bank Personal Loan. Your CIBIL score is an estimate of your creditworthiness and helps decide whether or not you shall get the loan.

Q. Minimum credit score needed for Karnataka Bank Personal Loan?

Karnataka Bank requires you to have a minimum credit score of 700 for their KBL Xpress Cash Loan scheme.

Q. How to calculate Karnataka Bank Personal Loan EMI?

Use your loan amount, loan tenure, and rate of interest to calculate your Karnataka Bank’s Personal Loan EMI using the EMI calculator available on Dialabank’s website.

Q. What can I use Karnataka Bank Personal Loan for?

You can use your Karnataka Bank Personal Loan for a number of financial needs. Any personal expense from a wedding to higher education fees, a vacation to a medical bill, all and everything can be covered with a KBL Xpress Cash Loan.

Q. Can I prepay Karnataka Bank Personal Loan?

Yes, To prepay your Karnataka Bank Personal Loan you will need to visit the bank branch in person and apply for a pre-closure of your loan account.

Q. How to prepay Karnataka Bank Personal Loan?

If you have the needed funds and wish to close your Personal Loan with Karnataka Bank you can visit your loan branch and apply with your banker for a foreclosure. Upon realisation of your due payments, your loan will be closed.

Q. How to repay Karnataka Bank Personal Loan?

Repay your Personal Loan in easy burden-free EMIs that are automatically deducted from your bank account each month. Karnataka Bank’s Personal Loan can be also repaid through the net-banking portal of the bank.

Q. What documents are needed for Karnataka Bank Personal Loan?

You will need your identification, address, and income proofs to apply for a Personal Loan from Karnataka Bank. These documents shall be submitted with the bank for verification purposes.

Q. How to check Karnataka Bank Personal Loan status?

You can check the status of your Personal Loan application either online on Karnataka Bank’s website or in-person by visiting the bank branch.

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