Karur Vysya Bank Personal Loan for Lawyers

Suppose you are a practising lawyer looking for financial support to set up your facilities. In that case, Karur Vysya Bank offers you a comprehensive solution through its Karur Vysya Bank lawyers' Personal loan. This loan is designed to help lawyers purchase the necessary equipment and business tools and cover other expenses for setting up their practice. With Karur Vysya Bank, you can expect competitive interest rates and flexible repayment terms to meet your financial needs efficiently.

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Written By
Hepson Franklin
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
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.

Karur Vysya Bank Personal Loan for Lawyers – Highlights 

Highlights of the Karur Vysya Bank Personal Loan for Lawyers are given below

Feature Description
Loan Amount Up to ₹10 lakh
Interest Rate 11.25% p.a.
Repayment Tenure Up to 60 months
Processing Fee 3% of the loan amount

Eligibility Criteria for Lawyers’ Personal Loan

To qualify for the Karur Vysya Bank Lawyers Personal loan, applicants must be practising lawyers with at least two years of professional experience. A stable income and a good credit score are also required to meet the Karur Vysya Bank Lawyers Personal loan eligibility criteria, ensuring applicants can comfortably manage the loan repayments.

Documentation Needed for Loan Application

For the Karur Vysya Bank Lawyers Personal loan, the following documents are required:

  • Identity Proof: Aadhaar, Passport, Voter ID, etc.
  • Address Proof: Utility Bills, Passport, Rental Agreement, etc.
  • Income Proof: Salary slips, Bank Statements, Form 16, etc.
  • Professional Qualification Proof: Degree certificate, Professional registration certificate.

Lawyers Personal Loan for Lawyers – Fees and Charges 

The Karur Vysya Bank Lawyers Personal loan interest rates are competitive, making it affordable for borrowers. Below are the fees and charges associated with this loan:

Fee Type Description
Processing Fee 3% of the loan amount
Prepayment Charges No foreclosure or pre-payment penalties will be charged on retail term loans with a floating interest rate.

How to Apply for a Lawyer’s Personal Loan?

Follow these steps to apply for the Karur Vysya Bank Lawyers personal loan online:

  1. Head to the “Personal Loans” section on the Urban Money website.
  2. Always apply directly through Urban Money’s website, not through any third-party sites.
  3. Once in the personal loan section, locate the “Apply Now” button.
  4. After completing the Urban Money application, submit it for review.
  5. Submit your application and wait for confirmation.
  6. A loan specialist from Urban Money will reach out to discuss the next steps and finalise your loan details.

Alternative Options for Karur Vysya Bank Personal Loans for Lawyers 

While the Karur Vysya Bank Lawyers Personal loan is an excellent choice, lawyers may also consider these alternatives from Karur Vysya Bank:

Karur Vysya Bank Business Loan

  • Offers higher amounts and flexible repayment options.
  • Suitable for business expansion and working capital needs.

Karur Vysya Bank Gold Loan

  • Provides quick funds against gold ornaments.
  • Attractive interest rates and minimal documentation are ideal for immediate financial needs.

Karur Vysya Bank Mortgage Loan

  • Allows borrowing against property.
  • Offers substantial loan amounts with longer repayment tenures, perfect for large expenses or business investments.

FAQs

What is the maximum personal loan amount available for a Lawyer from Karur Vysya Bank?

The maximum personal loan amount available for a lawyer from Karur Vysya Bank is up to ₹10 lakh.

Is a guarantee required for a Karur Vysya Bank Lawyer’s Personal Loan?

No, a guarantee is not required for a Karur Vysya Bank Lawyer’s Personal Loan.

Can I apply for a Karur Vysya Bank Lawyer’s Personal Loan online?

Yes, you can apply for a Karur Vysya Bank Lawyer’s Personal Loan online through the bank’s official website.

Loan Offers By Karur Vysya Bank's

Bank Wise Personal Loan Interest Rate

Urban Money