Request received - loud & clear!
Returning you to where you were...
Karnataka Bank offers its customers two types of personal loan schemes, each with unique eligibility criteria:
Age | Minimum age of 21 years |
Income | As per the terms and conditions set by the bank |
Work Experience | Minimum of 3 years' experience |
CIBIL Score | 750 |
Residential Status | Resident of India |
Interest Rate | 13.5% p.a. |
Loan Amount | 10 times of the gross salary of the individual, subject to a maximum of Rs.5 lakh |
Loan Tenure | Up to 5 years |
CIBIL Score | 750 |
Residential Status | Resident of India |
Interest Rate | 9.75% p.a. |
Loan Amount | Subject to an aggregate of Rs.25 lakh, with a maximum of Rs.5 lakh per account. |
Loan Tenure | Up to 12 months |
You can check your eligibility using an eligibility calculator. You will have to enter details such as the loan amount you’d wish to avail, your income, age, and other important factors. The calculator will then take all the details and display the loan amount that you would be eligible for.
No, Karnataka Bank does not have an online application facility as well. To apply for a loan, you can visit the nearest branch of Karnataka Bank.
Using your Karnataka Bank net banking account, you can check the status of your personal loan application. Otherwise, Karnataka Bank will get in touch via SMS or call and inform you that your application has been approved.
No, you can avail a personal loan for any personal reason, and it is not a factor to prove your eligibility for the loan.
No, you will have to be earning a stable and regular income to be eligible to apply for a Karnataka Bank personal loan.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.