Karur Vysya Bank Personal Loan Corporate

CIBIL Score

• A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

• Photo ID proof - Passport, PAN Card, Driver's License, Voter's ID, etc.
• Proof of Address - Passport, Driver's License, Voter's ID, etc.
• Proof of Age - Valid Passport, Banker's Certificate, Driver's License, Birth Certificate, etc.
• Salaried individuals may have to provide additional documents such as salary slips, bank statements, Form 16 while self-employed individuals have to provide proof of income, proof of continuity of business, proof of office ownership, etc.

Loan Processing Charges

• 0.50% of the loan amount subject to a minimum of Rs. 1,000/- + GST.

Features

• This is an installment loan.
• It is for permanent employees with a minimum confirmed service of 2 years and an unexpired service of 1 year, who are non-defaulters of any other bank or FI.
• Undertaking letter from the competent pay disbursing authority must be available.
• 72 Months Max Repayment Tenor
• Nil Documentation Charges
• No Collateral Security