Karnataka Bank Personal Loan of Rs. 9 Lakh

Karnataka Bank's 9 Lakh personal loan is a customised offering by one of India’s leading Banking partners. It offers its customers attractive features and benefits, such as a competitive interest rate, extended repayment tenure, and various repayment options. With active customer support, Karnataka Bank is always there to assist in each and every step of the application procedure.

Eligibility for 9 Lakh Karnataka Bank Personal Loan

Meeting specific eligibility criteria is essential to qualify for the 9 Lakh personal loan from Karnataka Bank. Here are the eligibility requirements:

• Age criteria: 18-60 years
• Salaried employees with a minimum net monthly salary of ₹20,000 for the past 7 months
• No existing unsecured personal loan from Karnataka Bank
• Residing in one of these 17 states: Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, West Bengal

Documents Required for 9 Lakh Karnataka Bank Personal Loan

Applicants must provide documents to verify their identity, income, and other details when applying for a 9 Lakh personal loan at Karnataka Bank. The required documents include:

• Aadhaar Card
• PAN Card
• Internet banking login credentials of the salary account or bank statements for the last 7 months (original ePDF or scanned PDF file)
• Soft copy of current and permanent address proof
• Soft copy of passport-size photo

Interest Rates and Fees for 9 Lakh Karnataka Bank Personal Loan

The table below shows the interest rates and various fees associated with the Karnataka Bank 9 Lakh personal loan:

Repayment Options for Karnataka Bank 9 Lakh Personal Loan

Karnataka Bank offers several repayment options for the 9 Lakh personal loan, providing flexibility to borrowers. Here are the available methods:

• Monthly Payments: Pay the loan amount in equal monthly instalments.
• Quarterly Payments: Pay the loan amount in instalments every three months.
• Half-Yearly Payments: Pay the loan amount in instalments every six months.
• Yearly Payments: Pay the loan amount in instalments once a year.
• Lump Sum Payments: Pay the entire loan amount in one go with monthly interest servicing.

What is the EMI for a 9 Lakh Karnataka Bank Personal Loan?

The following table illustrates the EMI amounts for different loan tenures, calculated at the minimum interest rate of 10.93% per annum:

Applying for the Karnataka Bank 9 Lakh Loan

Applying for a 9 Lakh personal loan from Karnataka Bank online is convenient and efficient. Follow these steps to complete your application:

1. Visit the Official Website of Urban Money
2. Navigate to the Personal Loan Section
3. Fill Out the Online Application Form 
4. Submit the Application
5. Wait for an expert from Urban Money to contact you, usually within 24 Hrs.

Alternative Options to Consider for a 9 Lakh Loan

Karnataka Bank also offers other loan options that can be considered as alternatives for meeting financial needs:

• Karnataka Bank Home Loan: Suitable for home purchase or renovation.
• Karnataka Bank Car Loan: Ideal for financing a new or used vehicle.
• Karnataka Bank Education Loan: This is to cover higher education expenses.