Kaveri Grameena Bank Personal Loan Features
|Kaveri Grameena Bank Personal Loan Eligibility Criteria||Details|
|Kaveri Grameena Bank Personal Loan Interest Rate||9.75% p.a.|
|Kaveri Grameena Bank Personal Loan Lowest EMI per lakh||Rs 2112|
|Kaveri Grameena Bank Personal Loan Tenure||12 to 60 months|
|Kaveri Grameena Bank Personal Loan Processing Fee||1% to 2% of Loan Amount|
|Kaveri Grameena Bank Personal Loan Prepayment Charges||Allowed after 12 Months (2 – 4 %)|
|Kaveri Grameena Bank Personal Loan Part Payment Charges||Allowed after 12 Months (2 – 4 %)|
|Kaveri Grameena Bank Personal Loan Min Loan Amt||₹ 50,000|
|Kaveri Grameena Bank Personal Loan Max Loan Amt||₹ 75 Lakh|
About Kaveri Grameena Bank Personal Loan
The Bank came into operations on 1 November 2012. It is a Regional Rural Bank established under the act 1976, is a scheduled bank jointly owned by Government of Karnataka, State Bank of India and provides all kinds of banking services.
What is Personal Loan?
A Personal loan is a loan which is offered by the financial institution for fulfilling any needs or requirements. In this loan, there is no need to pledge any valuables as collateral with the bank and bank will provide you the loan amount by checking your eligibility.
Kaveri Grameena Bank Personal Loan Interest Rate
Interest rates of Kaveri Grameena Bank start from 13.99% and can be up to 17.50% p.a.
More About: Interest Rates on Personal Loan
Why should one take Kaveri Grameena Bank Personal Loan?
- First of all, they charge very less processing fees.
- Secondly, they require less or minimal documents.
- Next, the process of approval is quick and hassle-free.
- And, there is no cosigner required.
- Also, it provides an affordable rate of interest.
- The loan given by them is Collateral free.
Documents required for Kaveri Grameena Bank Personal Loan
- Identity Proof : Aadhaar card, Voters ID card, Passport and Driving license
- Address Proof : Ration Card, Passport, Electricity Bill, Rental agreement, Trade License, and Sales Tax Certificate.
- Banks Statement : Statement of the previous six months.
- Latest ITR : Income Tax Return with computation of income, Balance sheet, and Profit& Loss for the last two years certified by a Chartered Accountant.
- Proof of Continuation : Trade License, Sales-tax Certificate.
They also required for a certified copy of Board Resolution, Partnership Deed, Article of Association, and Memorandum of Association.
Kaveri Grameena Bank Personal Loan Eligibility
- First of all, the age of the applicant should be 21-60 years.
- And, their current work experience is a minimum of 1 month and a maximum of two years
- Besides that, the minimum salary should be Rs. 12,000to 18,000 per month.
Kaveri Grameena Bank Personal Loan Purpose
As the name is suggesting, a personal loan can be for any of personal use purpose. But generally, there are some purposes for which people prefer to get a Personal Loan.
- First of all, people get a personal loan for wedding purposes. You can quickly get a personal loan in very less time.
- Also, personal loan is beneficial for higher education too.
- Some people get a personal loan for home renovation.
- Besides, people get a personal loan to close other loans.
Click here to know about- EMI Calculator
Kaveri Grameena Bank Personal Loan Advantages
- Firstly, interest rates are quite affordable.
- Thus, the person can quickly repay their loan amount.
- Secondly, this loaning scheme is unsecured.
- As a result, there is no requirement of collateral
- Furthermore, both the salaried and self-employed individuals can take benefits from this loan.
- Moreover, the principal amount is entirely dependent on the borrower’s documents submission.
- If an applicant CIBIL or credit score is right, you can get the loan amount without facing any problem.
- Now, you might be thinking about where I can use the loan amount.
- So, the answer to your question is anywhere. You can use it for paying your medical expenses, or you can go for an exotic vacation with the loan amount.
- Hence, personal loan comes with no spending restrictions.
How one applies for Kaveri Grameena Bank Personal Loan?
It’s effortless to apply for a Kaveri Grameena Bank Personal Loan; all you need is to do follow these simple steps and Now, once you are on our site, you need to provide your necessary details along with your phone number. It requires a very minimal time
- First, you need to visit our website www.loannow.in
- Please, it is essential that the applicant provide their correct contact details.
- Now once you fill the form, all the work is done.
- Then, our relationship manager will call you within 30 minutes and provide you the best offers and deals that you can get from near your location.
- Also, you don’t need to worry about paying anything as we provide free expertise to you.