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  • Karnataka Bank Personal Loan

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  • Karnataka Bank offers personal loans at very attractive rates to its customers. You can avail a personal loan from the lender provided you meet the eligibility criteria. The period of loan can range from 1 year to 5 years depending on the personal loan scheme availed by you.

    • Maximum loan amount is Rs.5 lakh
    • Interest rates start at 12.97% onward
    • Period of loan ranges from 1 year to 5 years
    • Quick approval
    More

    Karnataka Bank Personal Loan Details

    Interest Rate 12.97% onwards
    Loan Tenure 60 months
    Guarantor Requirement Guarantor required

    Documentation needed to apply for a Karnataka Bank Personal Loan

    1. Signed application form with photograph

    2.Copy of passport/voter ID card/driving license

    3. Last 3 months bank statement/6 months bank passbook

    4. Documentation for salaried applicants:

    • Latest salary slip
    • Current dated salary certificate with the latest Form 16

    Purpose for which you can avail the KBL Xpress Cash Loan

    • For marriage of self or dependent
    • For funding the education of your children or anyone dependent on you
    • House repairing
    • Funding the cost of your vacation
    • To meet the medical expenses
    • Cost of funeral

    Karnataka Bank Personal Loan Features

    Only salaried individuals can apply for Karnataka Bank personal loan.

    The bank offers only one Personal Loan scheme to its customers called KBL Xpress Cash Loan. Some of the features of this personal loan scheme are:

    • No paperwork required. The whole process is digital
    • Quick disbursal of the loan amount to your bank account
    • You can avail a loan amount of up to Rs.5 lakh

    Karnataka Bank Xpress Cash Loan eligibility criteria

    • You must be a government or a private sector employee with a minimum work experience of 6 months.
    • The minimum age of eligibility is 21 years
    • Minimum monthly salary must be Rs.15,000
    • You should not have an existing unsecured personal loan from Karnataka Bank

    How to apply for a Personal Loan from Karnataka Bank

    There are multiple ways through which you can apply for a personal loan from Karnataka Bank:

    Online

    Given below is the process you will have to follow if you wish to apply for a personal loan from Karnataka Bank:

    • Visit the official website of Karnataka Bank
    • Under the ‘Loan’ section click on ‘Personal Loan’. You will be directed to a new page
    • Click on ‘Apply Online’
    • If you are an existing customer, you can log in to the portal by either entering your customer ID, through net banking, or by entering the details of your PAN Card followed by entering a One-Time Password which you will receive on your registered mobile number. Enter the OTP and enter the portal.
    • You can then apply for a loan under the ‘Menu’ section and submit the necessary documents. The bank will review the documents submitted by you and if you meet the eligibility criteria, the bank will disburse the amount to your bank account.
    • If you are a new user, click on ‘Apply Online’. When you are directed to a new page, you can enter your mobile number, and authorise the bank to contact you.
    • You will have to create a profile by entering the necessary documents. Once your profile is created, you can use your credentials to enter the portal and apply for a new personal loan
    • You can also use the Karnataka Bank mobile app to apply for a personal loan. You will have to enter your credentials to apply for a personal loan from Karnataka Bank

    Offline

    You can visit the nearest branch of Karnataka Bank along with the necessary documents where a representative from the bank will help you with the process of applying for a personal loan.

        

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    Karnataka Bank Personal Loan Reviews

    • Karnataka Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have availed personal loan directly through Karnataka Bank.The rate of interest was very less ,I have got the loan amount on time and it was sufficient as well .I have submitted the required documents and there was no difficulties faced so far.I am satisfied with the service so far .
      Was this review helpful? 2
      , bellary
      Reviewed on Nov 07, 2019
    • Karnataka Bank
      Karnataka Bank Personal Loan
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      I have taken the consumer loan which is similar to the personal loan and i have to renovate my home. he documentation process was simple and i got the loan within few days and with quick process. The rate of interest was 9% since i am an staff in this bank.
      Was this review helpful? 4
      , bangalore
      Reviewed on Mar 13, 2019
    • Karnataka Bank Personal Loan
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan With the KARNATAKA BANK and the documentation process was simple and quick sine i am an staff in that bank i get the rate of interest with this bank it is 9% and also i get the loan on time. The loan amount is good with this loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 13, 2019
    • Karnataka Bank Personal Loan
      "Nice process"
      0.5 5.0/5 "Blown Away!"
      I had my personal loan with Karnataka Bank. The process to get the loan is good. The documentation is normal too. I have taken a loan and it was a convenient process. The interest rate and processing charges is minimal and the bank has been quick too
      Was this review helpful? 1
      , mangalore
      Reviewed on Feb 23, 2019
    • Karnataka Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Karnataka bank and my experience was good, the loan amount was for Rs 10 lakhs with nominal interest rate when compared to other banks. Customer service was good and they responded on time. The tenure period for this loan is 5 years.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jul 31, 2018
    • Karnataka Bank Personal Loan
      "Very Good bank"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the Karnataka bank and the interest rate is around 12% per annum. I would like to say that the customer service is very good one with the Karnataka bank and I have not faced any issues with them till now.
      Was this review helpful? 6
      , bangalore
      Reviewed on Nov 23, 2017
    • Karnataka Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I'm a salaried account holder with KARNATAKA BANK. They provide me a personal loan as I'm a long time customer to them. I have accepted and taken that personal loan from them. But they offered me the personal loan with 14% as rate of interest which is high compared to other banks and processing fees is Rs. 2500 is also high. 3 years ago I started this personal loan and it's still active.
      Was this review helpful? 9
      , bangalore
      Reviewed on Oct 14, 2017
    • 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? 4
      , 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? 4
      , 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? 8
      , 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? 5
      , 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? 6
      , 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? 10
      , 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? 18
      , 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? 18
      , hyderabad
      Reviewed on Jun 03, 2014
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