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Karnataka Bank Personal Loan

Karnataka Bank personal loan, also known as KBL personal loan, is offered at an interest rate of 12% to 17% p.a. The loan of up to Rs. 5 Lakhs is available for salaried individuals aged above 21 years for a maximum tenure of up to 60 months.

Karnataka Bank loan details:
Loan amountUp to Rs. 5 Lakhs
Rate of interest12% – 17% p.a.
TenureUp to 60 months
Processing fee0.25% of loan amount, minimum Rs. 250
AgeMinimum 18 years and maximum 60 years
IncomeMinimum Rs. 10,000 per month
Features of Karnataka Bank Personal Loan
  • Loan amount: You can get maximum Rs. 5 Lakhs personal loan from Karnataka Bank. 
  • Tenure: The repayment tenure for KBL personal loan can go up to a maximum of 60 months.
  • Rate of interest: Karnataka Bank loan interest rates vary from 12% to 17% per annum.
  • Processing charges: 0.25% of loan amount, minimum of Rs. 250.
  • Types: KBL Xpress Cash Loan – Quick Cash Loan (KBL-Salaried Persons Loan), KBL Suvidha OD, KBL Insta Cash – Quick Cash Loan.
Types of Karnataka Bank Personal Loan
  • KBL Xpress Cash Loan – Quick Cash Loan (KBL-Salaried Persons Loan)
    • Purpose: Education of self or children, marriage of self or dependants, medical expenses of self or dependants, obsequies expenses repairing own house, and travel.
    • Loan amount: The maximum amount that can be availed under KBL Xpress Cash Loan is up to Rs. 5 Lakhs
    • Tenure: Up to 60 months.
    • Interest rate: Karnataka Bank personal loan interest rate varies from 12% to 17% p.a.
    • Processing fee: 0.25% of the loan amount, minimum Rs. 250.
  • KBL Suvidha OD
    • Purpose: This Karnataka Bank loan can be used for meeting personal financial requirements.
    • Loan amount: 2 times of the last 2 years’ average annual income or 24 times of the recent take home salary, whichever is lower (subjected to minimum Rs. 1 Lakh and maximum Rs. 25 Lakhs.
    • Tenure: Up to 24 months. Repayment to be done on demand, as per OD rules.
    • Security: Mortgage of residential properties/ commercial properties/ liquid securities, having a minimum value of 150% of loan limit applied or guarantee of the spouse (third party solvent guarantor in the absence of spouse).
    • Margin: 33.33% of the value of security.
    • Interest rate: 12.45% p.a.
    • Processing fee: 0.50% of the loan amount, minimum Rs. 250.
  • KBL Insta Cash – Quick Cash Loan
    • Purpose: Financing any personal requirement.
    • Loan amount: Minimum Rs. 10,000 to maximum Rs. 50 Lakhs
    • Tenure: The maximum tenure is 60 months for fixed rate loans and 24 months for the Overdraft facility. Interest will be liquidated monthly. The loan can be repaid as a lump sum on the due date or in instalments monthly/ quarterly/ half yearly/ yearly, as per your convenience.
    • Security: Pledge of NSCs/ Kisan Vikas Patras/ Post Office Time Deposits.
    • Margin: 10% to 40%.
    • Interest rate: 11.41% p.a.
    • Processing fee: 0.25% of the loan amount, minimum Rs. 250.
Karnataka Bank Personal Loan EMI Calculation

The Karnataka Bank personal loan EMI calculation can be done using the EMI Calculator available on the official website of the bank or on our website. To use the online Personal Loan EMI Calculator, you will need to enter a few details like the required loan amount, the applicable rate of interest, and preferred tenure.

Following are Karnataka Personal Loan EMIs for Rs. 1 Lakh for different interest rates and tenures.

Applicable Interest RateRepayment TenureEMI (Per Lakh)Total InterestTotal Payment
12%1 yearRs. 8,885Rs. 6,619Rs. 1,06,619
13%2 yearsRs. 4,754Rs. 14,100Rs. 1,14,100
14%3 yearsRs. 3,418Rs. 23,039Rs. 1,23,039
15%4 yearsRs. 2,783Rs. 33,588Rs. 1,33,588
17%5 yearsRs. 2,485Rs. 49,115Rs. 1,49,115
Karnataka Bank Personal Loan Documents Required

If you are looking for Karnataka Bank personal loan apply online with the following documents:

  • Signed and filled application form with recent photograph.
  • Copy of Passport/Voter ID Card/Aadhar Card/ Driving License.
  • Bank statements of the last 3 months or bank passbook of the last 6 months.
  • Latest salary slips or current dated salary certificate with the latest Form 16.
Karnataka Bank Personal Loan Eligibility

Following are the product-wise Karnataka Bank personal loan eligibility criteria:

KBL Xpress Cash Loan – Quick Cash Loan (KBL-Salaried Persons Loan)

  • Government and private sector employees with a minimum service tenure of 6 months.
  • Minimum age limit is 18 years and maximum up to 60 years for this KBL personal loan.
  • The applicant should not have availed of an existing unsecured personal loan from Karnataka Bank.

KBL Suvidha OD

  • Individuals should be residents of India.
  • Minimum age limit is 21 years.
  • Income:
    • Salaried applicants: Minimum gross monthly salary of Rs. 10,000.
    • Retired applicants: Disposable income should be available from other than pension.
    • Others: Minimum annual gross income of Rs. 1,20,000/-

KBL Insta Cash – Quick Cash Loan

  • Any individual aged 18 years and above.
  • Hindu Undivided Family business, Joint Borrowers, and Partnership Firms are eligible.
Karnataka Bank Personal Loan Interest Rates

Karnataka Bank personal loan interest rate varies according to the type of scheme applied for. 

Personal Loan SchemeRate of Interest (Per Annum)
KBL-Salaried Persons Loan (Scheme for Financing Salaried persons)12% – 17%
KBL- Insta Cash (For Consumption Purposes-against NSC,LIC etc)11.41%
KBL Suvidha-OD 12.45%
How to Check Karnataka Bank Personal Loan Status?

Online Process:

  • Visit the KBL personal loan status tracking page. 
  • Enter the required details such as tracking number, mobile number, and security code.
  • Click the view the personal loan status link.

Offline Process:

  • Visit the nearest branch of the Karnataka Bank Limited.
  • Fill an application form.
  • You can also contact the customer care number of the bank at 1800-425-1444/ 1800-572-8031/ 080-2202-1500.
Apply for Karnataka Bank Personal Loan

If you want a Karnataka Bank loan apply online through our website or from the official website of the bank.  

Following are the steps to apply for KBL personal loan online through Fastmudra:

  • Visit Fastmudra
  • Click on the “Personal Loan” tab under the “Loans” section.
  • Fill in the online personal loan application form.
  • Share your personal details to establish an online identity.
  • Enter the  OTP on your mobile number to verify your identity.
  • Get access to the best personal loan offers according to your eligibility. 
  • Apply or e-connect for a loan on Fastmudra website to start your loan application instantly. 
  • Our personal loan experts will call you and answer all your loan queries and they will help you with the completion of loan process. 
  • We will then arrange a doorstep pick-up of your documents as required by the bank
  • After submitting your loan application and documents, we will follow up with the lender for a timely loan disbursal.
Karnataka Bank Personal Loan Customer Care

You can contact the Karnataka Bank personal loan customer care through the following ways for any query, suggestion, comment or feedback:

Email: info@ktkbank.com

Customer care number:   
1800 425 1444 (Toll free)  
1800 572 8031 (Toll free)  
080-2202 1500

For any suggestions on location of branches email at: gmblisting@ktkbank.com.

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