Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Karnataka Bank Personal Loan Interest Rates Reviews

    • Karnataka Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Karnataka bank has been good in their services. I have taken a personal loan on two occasions. And they process was very easy. I got the loan within a day. The rate of interest is normal. The processing charges was normal too. On both occasions the process was very good and quick.
      Was this review helpful? 3
      , chennai
      Reviewed on Mar 11, 2016
    • Karnataka Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      It is very easy to get the personal loan with Karnataka bank as i have account with them . Rate of interest is 15.25% and there is no processing fee. They just need the pay slip and Adhaar card as the documents. Pre closure can be done any time but the interest rate will be fixed throughout the tenure.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 07, 2016
    • Karnataka Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Karnataka Bank. The bank is very customer friendly. They have a pre closure option. And there are no charges taken. They also have a part payment option. The rate of interest was normal. Overall a very good experience.
      Was this review helpful? 4
      , bangalore
      Reviewed on Feb 05, 2016
    • Karnataka Bank Personal Loan
      "Supportive Bank..."
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken from Karnataka bank. I got an very good support from manager end. Last 2 years back I was taken this loan with 14.5% interest. Required documents are very simple like 3 months salary slip and bank statement. They disbursed within 3 to 4 working days.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 18, 2015
    • Karnataka Bank Personal Loan
      "Exellent"
      0.5 5.0/5 "Blown Away!"
      I hold a account with KARNATAKA Bank. personal loan process is good.They took 1 day to process the loan.I applied for 1 Lack and 80000 they approved.Interest rate 16.5.processing Fees 650.I didn't give much documents loan was processed.Overall there was a good response from bank though It was a new branch
      Was this review helpful? 4
      , hosur
      Reviewed on Jul 09, 2015
    • Karnataka Bank Personal Loan
      "Good one"
      0.5 5.0/5 "Blown Away!"
      Karnataka Bank personal loan process is fine, they precess the request very slowly. They took around 25 days of time to provide this loan. This loan was taken through one of my friend and its fine. They have to work on their technology as they are way behind. The most exciting part of this loan is the interest rate which is 15% and it is the least as well.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jun 03, 2015
    • Karnataka Bank Personal Loan
      "Good Service Overall"
      0.5 4.0/5 "Great!"
      Karnataka Bank Saving Account, i am using from past 2 months only, the account opening process was very easy and simple, staffs are very co operative for any issues, i got my welcome kit instantly, ATM facility is good, overall i am satisfied with service.
      Was this review helpful? 10
      , bangalore
      Reviewed on Jul 15, 2014
    • Karnataka Bank Personal Loan
      "Blown away services from Karnatanka Bank!!!!!"
      0.5 4.0/5 "Great!"
      I dropped the plan of taking a personal loan through other bank due to some hidden cost and later I contacted Karnataka Bank for the home loan the customer service is good , I am really happy with their interest rate processing fee and their overall service is splendid.
      Was this review helpful? 12
      , hyderabad
      Reviewed on Jun 03, 2014
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    Karnataka Bank Personal Loan Interest Rates is Rated as "Blown Away!" by 8 Users

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    About Karnataka Bank Personal Loan

    A personal loan received from Karnataka Bank can be your real savior during the time of your financial crisis. The Karnataka Bank Personal Loan can be availed by both salaried and self-employed individuals. For salaried individuals, the bank offers KBL Salaried Persons Loan which is a type of personal loan to finance salaried individuals. For non-salaried individuals, the bank offers K-POWER. However, K-POWER can also be availed by salaried individuals. The amount received as personal loan form Karnataka Bank can be used for paying medical bills, funding a wedding, paying education fees, arranging pleasures trip and accomplish many more things.

    Perfect Personal Loan Deals for you

    Karnataka Bank Personal Loan Interest Rates

    Karnataka Bank offers attractive rates of interest on personal loans to help you meet your genuine personal needs. Karnataka Bank may take into consideration certain factors such as your repayment capacity, total number of assets, and your relationship with the bank while determining interest rate on your personal loan. The bank offers personal loans for different tenures.

    Karnataka Bank Personal Loan Interest Rates 2017

    Particulars Salaried Self-Employed
    Interest rate 11.45% to 13.95% p.a. 11.45% to 13.95% p.a.
    Loan Amount (Min-Max) Rs.25,000 to Rs.5 lakhs Rs.25,000 to Rs.5 lakhs
    Loan Tenure (Min-Max) 1 to 5 years 1 to 5 years
    Lowest EMI - -
    Processing Fee 0.50% with a minimum of Rs.250 0.50% with a minimum of Rs.250
    Age 21 to 55 years 21 to 55 years
    Prepayment Charges Nil Nil
    Foreclosure Charges 1% of the outstanding balance for fixed rate of interest 1% of the outstanding balance for fixed rate of interest

    How to calculate interest/ EMIs on Karnataka Bank Personal Loan Interest Rate

    The best way to calculate your Karnataka Bank Personal Loan interest rate is to use an online EMI Calculator and enter a few details concerning your personal loan such as your loan tenure, interest rate, processing fees and the principal amount of your loan. Once, you put these specific details in the calculator, you will immediately get to know your monthly EMIs. The same calculation will also reveal your Karnataka Bank Personal Loan amortization table that encompasses a detailed break up of your loan repayment procedure.

    Factors affecting Karnataka Bank Personal Loan Interest Rate

    While applying for a personal loan in 2015 with Karnataka Bank, you need to be aware of certain factors so that you can receive the best rate of interest on your personal loan. Listed below are the major factors that may help you get reduced rates of interest on Karnataka Bank personal loans in 2015:

    • Employee information: Being a permanent employee of a reputed company will help you receive lower rate of interest on your personal loan. If you are a salaried professional, Karnataka Bank may check your employee details and ask for the number of assets you have before it offers you a personal loan. For non- salaried individuals, Karnataka Bank has different schemes of personal loan and separate parameters of calculating interest rates.
    • Relationship with Karnataka Bank: Banks normally offer preferential interest rates on personal loans for their high-valued customers. Besides, you have a good relationship with Karnataka Bank, it may receive lower rates of interest on your personal loan.
    • Repayment capacity: There is a possibility that if Karnataka Bank thinks you are capable of repaying your debt on time without defaulting, the bank may offer discounted rates of interest on your personal loan.
    • Loan tenure: Karnataka Bank may charge reduced rates of interest on a personal loan taken for a longer tenure.
    • Age: Your age may be a factor for the bank to decide its interest on personal loan. If you are a senior citizen, you might receive reduced rate of interest compared to young salaried individuals.

    How CIBIL Score affects your Karnataka Bank Personal Loan Interest Rates

    One of the major factors that has a great bearing on personal loan interest rate is your CIBIL score. The ideal CIBIL score to apply for a personal loan and expect some discounts on your interest rate is 750. Having a CIBIL score of 750 or above can be an added benefit for you when you apply for a personal loan with Karnataka Bank in 2015. Therefore, check your credit report at regular intervals to know your credit score and uphold a good credit history by paying your debts without defaulting.

    Key things you should know about Karnataka Bank Personal Loan Interest Rates

    It’s important you know certain key things pertaining to personal loan interest rates before you opt for personal loan in 2015 offered by Karnataka Bank. Listed below are the major things you need to be familiar with:

    • A clear understanding of fixed and floating rate of interest rates is important to choose an interest rate as per your suitability. Fixed rates are static and your need to pay the same interest amount for the whole tenure, if you choose fixed rate for your personal loan. On the other hand, floating or variable rates of interest change as per the market fluctuations.
    • Try to know whether the bank ask for any collateral or security against your personal loan.
    • Know your credit/CIBIL score and try to maintain a good credit history so that your credit score does not go down.
    • Know how to calculate your Karnataka Bank Personal Loan interest rates by using a Personal Loan EMI Calculator.
    • Any changes in Karnataka Bank’s repo rate may affect your personal loan interest rate, in case you opt for a floating rate of interest.
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