Karur Vysya Bank Personal Loan

Personal Loan at 1%* p.m.

Apply & Get Instant Approval

Karur Vysya Bank Personal Loan Features

Eligibility Criteria Details
Karur Vysya Bank Personal Loan Interest Rate 9.75% p.a.
Lowest EMI per lakh Rs 2112
Tenure 12 to 60 months
Karur Vysya Bank Personal Loan Processing Fee 1% to 2% of Loan Amount
Prepayment Charges Allowed after 12 Months (2 – 4 %)
Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Min Loan Amt ₹ 50,000
Max Loan Amt ₹ 75 Lakh

 

About Karur Vysya:

Karur Vysya Bank is an Indian bank which has completed  100 years  and it  is one of the leading banks in India,  and it’s headquartered in Karur ,Tamil Nadu. The  was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.

What is Personal loan?

Personal Loan refers to the  fixed amount which is borrowed by an individual at a fixed interest rate from a financial institution or an online lender and repay over a fixed tenure. Personal Loan is a type of unsecured loan which has an instant approval also hassle-free and less paperwork. It require minimum documentation and can be approved within a day.

Personal Loan Documentation :

  1. Residence proof: Firstly,the documents required for the residence proof includes: (passport/ID card/ Votercard/aadharcard/ration/card/driving license) and if the applicants are living in rental apartments then has to submit his agreement, electricity bill on his name and address of the owner.
  2. Self-employed: Beside that, the applicants of personal loan should file ITR for the last three months, and his business should be registered. Salaried applicants: The applicants have to his salary slip of last three months and bank statement of last six months.
  3. Identity proof : Further more, verification documents especially require one among the following:( passport/ID card/ Voter card/ aadhar card/ration/card/driving license) any one of them.
  4. Under KYC formality: In addition to, every applicant has to submit his pan card, which is an essential document.
  5. Two colored passport size photos: Lastly,(Applicants should not wear any glasses)

 

Karur Vysya Bank Personal Loan Eligibility:

For Salaried Individuals

Criteria*

Salaried

Age

22 years – 65 years.

Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000)

Total years in job/profession

2 Years

Years in current residence

1 Year (One Day if in a Super A Company)

For Self Employed Individuals

Criteria*

Self Employed

Age

23 years (self-employed individuals) and 25 years (for doctors); Maximum age – 65 years

Minimum Turnover

Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials

Minimum Profit After Tax

Rs. 2 lac for Proprietorship Firm/Self-employed Individuals and Rs. 1 lac for non-professionals as per audited financials

Business Stability

In current business for at least 5 years and a minimum of 3 years for doctors

Existing relationship with the bank

Minimum 1-year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required

Features:

  1. First of all Know your Personal loan eligibility in 1 minute, available online and across all branches.After that Highly competitive interest rates for personal loans.
  2. Besides that Special offers, interest rates and nominal charges for Karur Vysya Bank account holders.
  3. And Special personal loan offers* for women employees.

Benefits:

  1. First of all Simple documentation
  2. After that Competitive pricing
  3. Besides that personal loan disbursal is very quick.
  4. And Transparent procedure
    Personal loans available for Marriage and other Personal Needs

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Why magicloans.in Is a Good Platform to Apply for personal Loan?

We are suggesting to apply for the personal loan by using magicloans.in over other sites.

The reason after that is magicloans.in know the value of your precious time. You will get so many perks if you apply by using this site. Here are some of them are here:

  1. First of all, if you apply for the personal loan from you will be entertained by so many benefits
  2. After that, you just have to fill the personal Loan form and you will get a call from outside automatically.
  3. Besides that, you will get some more concessions in the interest rates.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.

How to Apply on magicloans.in?

  1. Search for magicloans.in on google
  2. First of all, a form will open up.
  3. After that fill the form with the required information.
  4. Besides, that you will get furthermore information from us.