Karur Vysya Bank Personal Loan (Secured)

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Karur Vysya Bank Personal Loan (Secured)

Karur Vysya Bank Personal Loan (Secured) offers flexible loan options with competitive rates, using NSC/KVP, life insurance policies as collateral.

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Details for Karur Vysya Bank Personal Loan (Secured)

Karur Vysya Bank Personal Loan (Secured) is designed for individuals needing funds for personal or business use. Offered against NSC, KVP, SGBs, or life insurance policies, it provides secured overdraft options, repayment tenure up to 60 months, and requires no additional collateral. Benefit from low processing fees and flexible terms, whether your goal is short-term cash flow or long-term needs. Its unique advantage lies in using existing savings instruments as primary security.

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Loan Amount

Minimum Rs. 0.50 Lakhs. Maximum Rs. 25 lakhs

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Interest Rate

11.15% p.a.

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%

Features

  • This is a short term, long term loan.
  • Overdraft is also sanctioned (Secured Overdraft- Others).
  • It is for individuals against (NSC / KVP certificate holders / Life Insurance Policies of LIC as well as other Private Insurance Co. where surrender value can be established).
  • For personal or business purposes.
  • Repayment under EMI upto 60 months.
  • Primary Security NSCs / KVPs / Sovereign Gold Bond / life insurance policies as per the Approved list in favour of the bank.
  • Nil Collateral Security

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Karur Vysya Bank Personal Loan (Secured) EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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