As will be seen in this Karur Vysya Bank Personal Loan review on money supebazaar, Karur Vysya Bank Personal Loan is available to individuals and small firms, who fulfill Karur Vysya Bank Personal Loan eligibility criteria, for personal purposes. It is to be repaid in easy installments, calculated on Karur Vysya Bank Personal Loan interest rate. Karur Vysya Bank Personal Loan is based on Karur Vysya Bank Personal Loan rate, so that persons can easily avail of this loan.

Various Kinds Karur Vysya Bank Personal Loan Available:

• Bon Voyage: helps individuals / proprietorship firms, to cover expenses in foreign travel.
• Swarnamitra: loan offered is against security of personal gold jewellery.
• Insta Loan: mainly for individuals, and loan amount offered is higher.
• Personal Loan: similar to above Karur Vysya Bank Insta-Loan, but quantum of loan is smaller. Unlike insta-loan, personal loan is also available to both individuals and small firms.
• Quick Loan: helps loan-seekers meet any unforeseen contingencies.
• IPO Funding: to help individuals subscribe to IPOs launched.

Karur Vysya Bank Personal Loan Interest Rate:

Karur Vysya Bank Personal Loan rate is calculated on base rate. Karur Vysya Bank Personal Loan interest rate is at present, at

Secured personal Loan: 15.5%

Unsecured Personal Loan: 18.25%

Karur Vysya Bank Personal Loan Eligibility Criteria:

Karur Vysya Bank Personal Loan is available, on easy Karur Vysya Bank Personal Loan rate

of interest to:

Salaried employees, who hold NSCs, KVPs, IVP, RBI bonds, LIC Policy, and are of:

• public sector undertaking,
• reputed companies,
• self-employed individuals

However, only after the repayment of Karur Vysya Insta Loan can person(s), satisfying above Karur Vysya Bank Personal Loan eligibility conditions, avail of this loan.

Quantum Of Karur Vysya Bank Personal Loan:

Karur Vysya Bank Personal Loan review states that for an unsecured loan, upto Rs.50,000/, applicant should be from a reputed company, having a minimum of 5 years’s experience, and a and an uninterrupted service period of at least 3years.

Procedure To Apply For Karur Vysya Bank Personal Loan:

Loan-seekers are requested to visit their nearest Karur Vysya branch office and ask the loan official for details. No guarantor is needed for personal loan. There is no margin required either. No documentation charges are levied in Karur Vysya Bank Personal Loan. ITR is a must along with ID, Address and residential proof.

A salary certificate or service certificate is also required to ensure repayment capacity.

Tenure Of Karur Vysya Bank Personal Loan:

Repayment period of loan will have a span of 36 months.

Repayment Of Karur Vysya Bank Personal Loan:

Repayment is done through a series of 36 equated monthly installments. As seen in this Karur Vysya Bank Personal Loan review, Karur Vysya Bank Personal Loan rate remains constant throughout the period.

Pre-Closure Of Karur Vysya Bank Personal Loan:

Another attractive feature, apart from easy Karur Vysya Bank Personal Loan interest rate and Karur Vysya Bank Personal Loan eligibility, is that there is no pre-closure charge of any kind in case of pre-closure of loan.

Product Page Url:    http://www.kvb.co.in/personal/loan.html

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