Karnataka Bank Ltd offers Personal loan schemes for salaried persons at best & lowest interest rates 2016, EMI & documents requirement Eligibility at deal4loans.com
Check out who is eligible for personal loans under Karnataka Bank Ltd.?
Permanent employees of listed companies, schools, colleges and universities aged not over 55 years and having a minimum remaining service of 3 years.
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Purpose of Loan
- Purchase of household articles / consumer durables.
- Children’s education.
- Marriage and thread ceremony of self / dependants.
- Medical expenses of self / dependants.
- Obsequies expenses.
- Repair of own house.
Interest Rates: KBL-Salaried Persons Loan = 13.95%
KBL- Insta Cash : (For Consumption Purposes-against NSC,LIC etc) = 11.45%
KBL Suvidha-OD : (Finance for meeting Personal requirements) = 13.95%
Processing Charges – 0.25% with a minimum of Rs 250.00.
Amount of Loan:
Maximum 10 times of monthly gross salary. Maximum quantum of loan is Rs.5 lakh.
Period of Loan & Repayment Time: Upto 5 years.
Up to Rs 2.00 Lakh – Co-obligation of solvent party / co-employee who should be a permanent employee of reputed companies, schools, colleges or universities.
Above Rs 2.00 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
Available Products of Karnataka Bank: