Karur Vysya Bank Small Loans

Features of KV Bank Small Personal Loans

Following are the features that make KV Bank’s Personal Loan Schemes a viable option:

• Offers both secured and unsecured loan options to the borrowers.
• Interest rates starting @11.15% p.a.
• Loan tenure of up to 5 years.
• Processing charges of only 0.50% of the loan amount.

Interest Rates of Karur Vysya Small Personal Loans

The table below will give you a clear-cut idea about the interest rates and other key points:

KV Bank Small Personal Loans Eligibility

Following is the eligibility criteria to meet before availing a small loan from KV Bank:

• Age: Applicant must be between 21 to 65 years old.
• Income: Applicant must have a regular source of income.
• Credit score: A good credit score ensures mutual trust.
• Nationality: Applicant must be a citizen of India.

Documents Required for KV Bank’s Small Loan

If you wish to avail of a personal loan, the following are the documents you need to keep in handy:

• Three passport-sized photos
• Proof of identity (copies of your Voter ID card, Passport, Driving license, or IT PAN card)
• Proof of residence (copies of recent Telephone Bills or Electricity Bills)
• Your bank account statement or passbook for the last six months
• You’ll need your Form 16, or IT returns for the past two financial years for salaried employees.
• You’ll need your IT returns for the past three years if you’re self-employed.

Reasons to Opt for KV Bank’s Small Loan

• Loan options are available for multi-purpose requirements.
• Attractive interest rates.
• No collateral or security is required.
• Online and hassle-free process.
• Quick funds transfer to your bank account.

Steps to Apply for KV Bank’s Small Loan

Below are the following steps you need to follow before applying for a KV Bank’s small loan:

• Go to the Urban Money website.(https://www.urbanmoney.com/)
• Click on “Personal Loan” from the “Loan” menu on the homepage.
• You’ll be taken to a page called “Personal Loan.”
• Scroll down to see a list of top banks in India.
• Look for “Karur Vysya Bank” and click the “Apply Now” button.
• You’ll see a short online form.
• Fill in your name, mobile number, and city.
• You’ll get a 6-digit OTP on your phone.
• Once your details are verified, expect a call soon.