Karur Vysya Bank Personal Loan ₹1 Lakh

Offering both secured and unsecured loans at an attractive interest rate, Karur Vysya Bank's Rs 1 lakh personal loans can be used by individuals to cater to their personal needs. With an interest rate of 11.15% per annum, the EMI can be repaid over a period of up to 5 years. Offering a quick, paperless, and convenient loan disbursement process, initial approval will be granted within 15 minutes, provided that CIBIL and rating scores meet the required standards. Finding this loan scheme interesting? Continue scrolling to understand the key features of this home loan, the eligibility criteria, and the documents needed to avail yourself of this home loan.

Eligibility Criteria For Karur Vysya Bank 1 Lakh Personal Loan

Refer to the table below to check the eligibility criteria for a 1 lakh personal loan from Karur Vysya Bank:

Documents Required For Karur Vysya Bank 1 Lakh Personal Loan

It is important to have the following documents to hassle-free avail of a 1 lakh Karur Vysya Bank personal loan:

Interest Rates & Fees For Karur Vysya Bank 1 Lakh Personal Loan

Check the points below to understand the applicable interest rates & fees for a 1 lakh Karur Vysya Bank personal loan:

• Maximum Loan Amount: 

1. Secured Loans – Up to 25 lakhs
2. Unsecured Loans – Up to 10 lakhs

• Interest Rate: Starts at 11.15% per annum
• Loan Tenure: Repayment can be done over five years.
• Processing Fee:

1. Secured Loans – Up to 0.50% of the loan amount
2. Unsecured Loans – Up to 3% of the loan amount

Repayment Options For Karur Vysya Bank Rs 1 Lakh Personal Loan

The personal loan applicant can use the following methods to repay their 1 lakh personal loan from Karur Vysya Bank:

EMI For Rs 1 Lakh Karur Vysya Bank Personal Loan

EMI on the 1 lakh Karur Vysya Bank personal loan over a tenure of 5 years is given in the table below:

Steps to Apply For Rs 1 Lakh Karur Vysya Bank Personal Loan

Follow these steps to avail of the 1 lakh personal loan from Karur Vysya Bank:

• Go to the Urban Money website at urbanmoney.com.
• From the homepage, click the “Loan” menu and choose “Personal Loan.”
• You will be redirected to the “Personal Loan” page.
• Scroll down to see a list of leading banks in India.
• Find “Karur Vysya Bank” and click the “Apply Now” button.
• An online form will appear.
• Fill in your name, mobile number, and city.
• A 6-digit OTP will be sent to your phone.
• Once your details are confirmed, you will receive a follow-up call.

Alternative Rs 1 Lakh Loan Options From Karur Vysya Bank

If you wish to learn about the other loan schemes offered by Karur Vysya Bank, check out the alternatives below:

Jewel Loan

• Karur Vysya provides gold-backed loans at its branches.
• The minimum loan amount is Rs. 5,000.
• The repayment period is up to 12 months.

Personal Loan Corporate

• Employees of reputable companies, schools, and government institutions are eligible for this loan scheme.
• This personal loan can be utilised for medical emergencies, education fees, or house purchase/renovation.
• The repayment period for this loan scheme is up to 72 months.

Buy Now Pay Later

• This option enables users to obtain instant credit through a fully digital payment process on Amazon, Tata Neu, and the Axio Platform.
• Users can access immediate funds of up to Rs 1 lakh.
• Repayment can be made over a period ranging from 30 days to 24 months.