Karnataka Bank Personal Loan

Interest rate	12%-17% p.a.
Loan amount	Up to ₹5 Lakhs
Tenure	Up to 60 months
Processing charges	For loan amounts up to ₹1 Lakh: ₹2,500 For loan amount above ₹2 Lakhs: 2% of the loan amount, a minimum of ₹2,500 and a maximum of ₹8,500
Karnataka Bank online personal loan eligibility	Minimum age requirement of 21 years when applying online or offline Minimum employment experience of 6 months for private and government sector employees

Minimum Interest Rate	12.00% p.a.
Maximum Interest Rate	17.00% p.a.

Disclaimer: The rates mentioned are subject to change at the lender’s discretion.

Karnataka Bank Personal Loan Fees & Charges

When availing a personal loan from Karnataka Bank, you need to know about its associated fees and charges. This is so because these charges can impact the total cost of your loan and your repayment ability.

Check out this table outlining fees and charges of Karnataka Bank Personal Loans.

Disclaimer: GST (Goods and Services Tax) will apply to all fees and charges. Please refer to the bank's website for detailed and updated information.

Karnataka Bank Personal Loan EMI Calculator

You must pay monthly instalments to repay a KBL personal loan. However, using the Karnataka Bank Personal Loan EMI Calculator, you can compute this amount instantly and accurately. This way, you can manage your finances better. 

The personal loan EMI calculator factors in your loan amount, the applicable interest rate, and the loan tenure.

Here is how you can calculate a personal loan EMI using a simple example. Assume that X opts for a KBL personal loan of ₹3 Lakhs, at an interest rate of 12.50% for five years. 

The table below showcases the EMI, total repayment amount, and interest amount.

Disclaimer: The prescribed loan amounts and interest rates levied may change from time to time based on the financial institution’s policies. 

EMI = [ P x R x (1+R) ^ N ]/[(1+R)^N-1]

Here,

• P stands for the principal loan amount

• R means the rate of interest

• N is the repayment tenure

Types of Karnataka Bank Personal Loans

Karnataka Bank offers a range of financial products to meet your financial needs. However, amongst personal loans, it provides only a single type of loan called the KBL Xpress Cash Loan.

You can easily avail this unsecured personal loan online with minimal documentation and simple eligibility criteria. While you can get a maximum loan amount of up to ₹5 Lakhs, you get a maximum repayment period of up to 60 months. 

Karnataka Bank Personal Loan Features & Benefits

Before you apply for a personal loan, know its features and benefits. Here are a few of them:

• Amount: You can avail a maximum loan amount of up to ₹5 Lakhs on an Xpress Cash Loan.

• Flexible Tenure of Repayment: When you opt for a Karnataka Bank Personal Loan, you get a maximum repayment tenure of up to 60 months.

• Wide Range of Schemes: Using Karnataka Bank Personal Loans, you can meet your personal and business needs.

• Seamless and Hassle-Free Application Process: You can apply for a Karnataka Bank Personal Loan online from your home by submitting your application on its website.

Karnataka Bank Personal Loan Eligibility

To be eligible to apply for a Karnataka Bank Personal Loan, you must meet the following criteria:

• You must be at least 21 years of age

• You must be either a government or private service employee, having worked for at least 6 months

• You must not have a pre-existing loan from Karnataka Bank

Documents Required for a Karnataka Bank Personal Loan

To avail a KBL personal loan, you must submit the following documents:

• Proof of Identity such as a Passport, Voter ID card, Aadhaar card, or Driving licence

• Proof of Residence such as a Passport, Utility bill, or Rental agreement

• Bank Statement for the last 3 months

• Last 3 month’s salary slip

• 2 passport-size photographs

How to Apply for a Karnataka Bank Personal Loan

To avail a Karnataka Bank Personal Loan, apply online using the steps mentioned below:

• Step 1: Visit the official Karnataka Bank website, and under the ‘Loan’ tab, click on the ‘Personal Loan’ section

• Step 2: Click on ‘Apply Now,’ and if you are an existing customer, log in using your credentials

• Step 3: Enter the OTP you received on your registered mobile number

• Step 4: Enter personal details such as name, email id, and mobile number, if you are a new member

• Step 5: Submit the application form and necessary documents

• Step 6: Get funds credited to your account after the bank verifies and approves your loan

You can also apply for a KBL personal loan offline by visiting the nearest Karnataka Bank branch and completing the application form.

How Can I Contact Karnataka Bank Customer Care?

To get in touch with Karnataka Bank customer care, you can call Karnataka Bank's customer care toll-free numbers at 1800 425 1444 and 1800 572 8031. Alternatively, you can also send an email to info@ktkbank.com. Make sure to state your query clearly.

You may also visit your nearest Karnataka Bank branch and speak to a customer care representative. You can find the nearest branch using the bank's official website or mobile app.

Karnataka Bank is active on social media platforms such as Twitter and Facebook. You can send a message or tweet your query or complaint, and the customer care team will get back to you.

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