Karnataka Bank Personal Loan for Students

Karnataka Bank education personal loan stands out as a comprehensive and advantageous credit option designed to meet the diverse needs of students. The bank ensures eligible candidates can expect the fund disbursement within a week. Borrowers can use the fund to cover tuition fees, buy books, pay for travel, or nearly anything pertinent to their education. The interest rate starts at 10.48% p.a., which is among the best in the market, enabling you to save thousands of your hard-earned money in the long run. 

For more detailed information, we provide an in-depth look at Karnataka Bank student personal loan interest rates, required documentation, eligibility criteria, and other associated fees. Let’s get started and see how it can benefit you.

Karnataka Bank Personal Loan for Student – Highlights

Here are the key elements of a Karnataka Bank student instant loan:

Eligibility Criteria for Student Personal Loan

Here are the Karnataka Bank student personal loan eligibility criteria given below:

• Age: Applicants must be at least 18 years old.
• Academic Status: Applicants must have a steady and reliable academic performance.
• Admission Proof: Applicants must be enrolled in accredited professional or technical courses with verified admission documentation.
• Residential criteria: Applicants must be residents of India or non-resident Indians (NRIs) who hold an Indian passport.

Documents Required for A Student Personal Loan

The required Karnataka Bank student personal loan documents are given below –

• Aadhaar and PAN card of the applicant/borrower.
• Marksheet of previous examinations (SSLC, PUC, graduation).
• Fee structure, fee paid receipts, and bonafide certificate from the educational institution.
• NSDL application form, if applicable.
• Passport (for education loan outside India).
• Offer letter from the university (for education loan outside India).
• IELTS certificate (for education loan outside India).

Karnataka Bank Personal Loan for Student – Fees and Charges

Let’s examine the applicable fees and charges of a Karnataka Bank student instant loan:

How to Apply for a Student Personal Loan?

Following is the step-by-step application process for a Karnataka Bank education personal loan:

• Visit the official Urban Money website.
• Select the ‘Loan’ option and then the ‘Personal Loan’ category.
• You  may redirect to a new page titled ‘Personal Loan.’
• Locate the ‘Karnataka Bank’ section and click ‘Apply Now’.
• A brief online form will appear on your display.
• Input your name, mobile number, and city in the form.
• Shortly, a 6-digit OTP will be sent to your registered phone number.
• Enter this OTP and click ‘Submit’.

A loan specialist from our team will contact you within a day and provide further guidance.