Karur Vysya Bank Personal Loan ₹50,000

Offering both secured and unsecured personal loans, Karur Vysya Bank’s Rs 50,000 personal loan scheme can assist individuals looking to avail of urgent funds. Suppose you require funds to purchase a dream bike, mobile phone, or medical emergency; in that case, there is no need to worry and benefit from the instant fund disbursement at an attractive interest rate, starting from 11.15% per annum onwards. Keep scrolling through to understand the features and benefits of Karur Vysya Bank’s Rs 50,000 personal loan and the key steps to follow to avail of this personal loan by visiting Urban Money’s website. 

Karur Vysya Bank Rs 50000 Personal Loan Eligibility Criteria

Check whether you fit the eligibility criteria for Karur Vysya Bank’s personal loan by referring to the points mentioned:

• Age: The personal loan applicant must be between 21 and 65.
• Income: Applicants must be earning a regular income.
• Credit score: A good credit score will enhance the chances of obtaining a personal loan.
• Nationality: Applicant must be a citizen of India.

Karur Vysya Bank Rs 50000 Personal Loan –  Documents Required

If you wish to obtain the Karur Vysya Bank’s Rs 50,000 personal loan, check which documents you need to have to avail of this loan easily:

Karur Vysya Bank Rs 50000 Personal Loan – Interest Rates & Fees

Check the table below for the interest rates and applicable fees of Karur Vysya Bank’s Rs 50,000 personal loan.

Repayment Options For Karur Vysya Bank Rs 50000 Personal Loan 

There are several ways the EMI can be paid if you have availed of a Karur Vysya Bank Rs 50,000 personal loan:

Auto Debit: If you set up an automatic EMI deduct option, your EMI will be automatically deducted from your bank account on the due date.

Post-Dated Cheques: If you submit post-dated cheques to the bank, they will automatically encash them on the due dates.

Electronic Clearing Service: Give Karur Vysya Bank (KVB) permission to automatically withdraw your EMIs through the Electronic Clearing Service (ECS). This approach guarantees that your EMI payments are made on time.

EMI For Karur Vysya Bank Rs 50000 Personal Loan

The EMI on the Rs 50,000 personal loan at the interest rate of 11.15% per annum for different tenures is mentioned in the table below:

How To Apply For Karur Vysya Bank Rs 50000 Personal Loan?

Here are the steps to follow when applying for a small loan from Karur Vysya Bank (KV Bank) via the Urban Money website:

1. Visit the Urban Money website at urbanmoney.com
2. On the homepage, navigate to the “Loan” menu and select “Personal Loan.”
3. This will direct you to the “Personal Loan” section.
4. Scroll down to find a list of top banks in India.
5. Locate “Karur Vysya Bank” and click the “Apply Now” button.
6. An online form will appear.
7. Enter your name, mobile number, and city.
8. You will receive a 6-digit OTP on your phone.
9. After your information is verified, you will receive a follow-up call.

Alternative Options For Rs 50000 Personal Loan 

Here are some of the alternative options available for a Rs 50,000 personal loan:

Jewel Loan

Karur Vysya offers loans against gold at its respective branches. The minimum amount is Rs 5,000, and repayments can be made over a 12-month tenure.

Personal Loan Corporate

Individuals working in reputed companies, schools, government institutions, etc., are eligible for this loan scheme. This personal loan can be used for medical emergencies, education fees, or to purchase or renovate a house. The repayment tenure for this loan scheme is 72 months.

Buy Now Pay Later (BNPL)

This option allows users to get instant credit via a 100% digital process to make payments on Amazon, Tata Neu, and the Axio Platform. Users can avail themselves of instant Rs 1 lakh funds, which can be repaid over a period of 30 days to 24 months.