The KVB Personal loan is for individuals and small companies that require loans which are of a very large amount and mainly for personal use. These loans are repaid in installments and anyone who has availed of the KVB insta loan will be able to avail of this loan without much difficulty.
Highlights
Salaried
Self Employed
Loan Scheme
KVB Personal loan
KVB Personal loan
Loan Type
Term Loan
Term Loan
Loan Amount
Min. - Rs 10000
Max. - Rs 10000000
Min. - Rs 10000
Max. - Rs 10000000
Tenure
Min. - 12 months.
Max. - 36 months.
Min. - 12 months.
Max. - 36 months.
Interest Rate
Min. - 16 %
Max. - 18.75 %
Min. - 16 %
Max. - 18.75 %
Fees & charges
Fees & charges
Salaried
Self Employed
Processing Fee
0.4 %
0.4 %
Security
Security
Primary security - Demand Promissory note
Collateral security
NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc.,, subject to the satisfaction of the bank.
Terms & Conditions
Terms & Conditions
#Minimum take-home salary of 25% after deduction of the loan amount.
#For an unsecured loan up to Rs. 50,000 the applicant should be from a reputed company with a minimum of 5 years of service & unexpired service of 3 years in that organisation.
#A salary or service Certificate is a must to establish repayment capacity.