Karnataka Bank Personal Loan for Lawyers

Personal Loan By Profession
Personal Loan By Other
Personal Loan By Scheme
Personal Loan By Amount

Karnataka Bank's Lawyers Personal Loan is an ideal solution if you are a lawyer or a legal practitioner seeking financial assistance to manage your practice. This loan caters specifically to the financial needs of legal professionals, offering support for various expenses such as expanding your practice, covering urgent bills, home renovations, or other unforeseen costs. With competitive interest rates and flexible repayment terms, this loan is designed to ease the financial burdens of running a legal practice. Let us delve into the features, eligibility criteria, required documentation, fees, charges, and the Karnataka Bank's Lawyers Personal Loan application process.

Get in Touch for Personal Loan Expert Advice

Connect with our Personal Loan Advisor Now!

Personalized Personal Loan solutions
Expert guidance
Application assistance
Credit score discussion
Personal Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. Karnataka Bank Lakh Personal Loan for Lawyers Highlights

2. Eligibility Criteria for Lawyers Personal Loan

3. Documentation needed for loan application

4. Karnataka Bank Personal Loan for Lawyers Fees and Charges

5. How to Apply for a Lawyers Personal Loan

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Karnataka Bank Lakh Personal Loan for Lawyers – Highlights

Karnataka Bank provides various features specifically designed to cater to the financial needs of legal professionals. Here are the main highlights of the Lawyers Personal Loan:

Feature	Details
Loan Amount	Up to ₹50 lakh
Interest Rate	9.93% to 12% p.a.
Loan Tenure	Up to 60 months

Eligibility Criteria for Lawyers’ Personal Loan

To be eligible for Karnataka Bank’s Lawyers Personal Loan, applicants must fulfil the following criteria:

Minimum Age Requirement: Applicants must be at least 21 years old.
Minimum Employment Experience: Applicants must have a minimum of 6 months of employment experience in the private or government sector.

Documentation needed for loan application

When applying for a Karnataka Bank Lawyers Personal Loan, ensure you have all the necessary documents to facilitate a smooth application process. The required documents include:

Loan Application Form: Fill out the form accurately and attach a recent passport-sized photo.
Identity Proof: Provide a copy of a government-issued ID such as a PAN Card, Aadhaar Card, Voter ID, or Passport.
Residence Proof: Submit recent utility bills (electricity, water, landline phone) not older than 3 months or a rental agreement.
Income Proof: Include business registration documents, income tax returns (ITR) for the past 2-3 years, balance sheets, profit & loss statements, and recent bank statements showing your income.

Karnataka Bank Personal Loan for Lawyers – Fees and Charges

Karnataka Bank’s Lawyers Personal Loan is transparent about its fees and charges. Below is a summary of the associated costs:

Fee/Charge	Details
Processing Fee	For loan amounts up to ₹1 lakh: ₹2,500 For loan amounts over ₹2 lakhs: 2% of the loan amount (min ₹2,500, max ₹8,500)
Part-Prepayment Charges	Nil

How to Apply for a Lawyers Personal Loan

Applying for a Karnataka Bank Lawyers Personal Loan is straightforward. You can apply either online or offline by following these steps:

Visit the official Urban Money website.
Click on the “Loan” section, then choose “Personal Loan.”
You will see a list of top lenders in India.
Find the Bank of Maharashtra and click the “Apply Now” button on their logo.
Fill in the quick online form with your name, mobile number, and city.
After submitting, you’ll receive a 6-digit OTP on your mobile. Enter this OTP in the form.
Submit the OTP and wait for a call from an Urban Money loan expert for further assistance.

Frequently Asked Questions (FAQs)

What is the maximum loan amount available for a lawyers personal loan?

The maximum loan amount available for a Karnataka Bank Lawyers Personal Loan is up to ₹50 lakh.

Is there a guarantee required for a Karnataka Bank Lawyers Personal Loan?

A personal guarantee is not required for a Karnataka Bank Lawyers Personal Loan. However, specific conditions and borrower profiles may necessitate a guarantee. Checking with the bank for detailed requirements based on your loan application is best.

Can I apply for a Karnataka Bank Lawyers Personal Loan online?

Yes, you can apply for a Karnataka Bank Lawyers Personal Loan online by visiting the Karnataka Bank website, navigating to the personal loan section, and following the online application instructions.

Quick Links

Loan Offers By Karnataka Bank's

Karnataka Bank Home Loan

Personal Loan by Private Bank

Personal Loan by Nationalized Bank

Personal Loan by NBFC

Personal Loan Calculators

Karnataka Bank Calculators

Bank wise Personal Loan Calculators

Bank Wise Personal Loan Interest Rate