Karnataka Bank overdraft loan

The Karnataka Bank's overdraft loan facility, named Suvidha Overdraft Loan, is geared towards offering financial flexibility for immediate expenses, vacations, or as a safeguard. It allows quick access to funds, with a borrowing limit of up to ₹25 lakh at competitive interest rates starting from 11.68% p.a. This facility is available to both salaried and self-employed professionals, providing customised financing limits and an easy repayment period of up to 24 months. It’s designed to provide financial support promptly when needed, ensuring users can manage unforeseen financial requirements.

Features of Karnataka Bank Overdraft Loan

Following are the features of the Karnataka Bank personal loan overdraft facility. 

Who is Eligible for a Karnataka Bank Overdraft Loan?

The following is the eligibility criteria for availing Karnataka Bank Overdraft Loan:- 

• An individual should be 21 years old and hold an Indian passport. 
• If salaried, one must earn a minimum salary of ₹10,000. 
• If self-employed, one must earn a minimum income of ₹1,20,000 annually. 

Karnataka Bank Overdraft Loan Documents Required 

The following documents are required for the Karnataka Bank Overdraft Loan Application. 

• Aadhaar and PAN cards of the applicant/borrower, directors/partners/co-obligants/guarantors
• Income tax returns of the directors/partners/co-obligants/guarantors
• Tax paid receipts
• Income proof
• Bank statement

Process to Avail Karnataka Bank Overdraft Loan

You can use Urban Money’s online portal to start your application for the Karnataka Insta Overdraft. Alternatively, contact our loan experts for personalised assistance by calling 1800 208 3344; they are ready to assist you throughout the process to ensure you obtain the Karnataka Bank Overdraft loan you require. When you apply through our official site, the funds are typically disbursed within one to two days.