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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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There are many types of personal loans that are available for the customers of Karur Vysya Bank. Customers can choose the type of loan they want based on their needs. KVB has set eligibility criteria for each such loan. Some of such eligibility criteria are general that are applicable to every type of personal loan and some are specific to the loan type. The details of the same are tabled below.
Bon Voyage
Swarnamitra
Insta Loan
IPO Funding
Quick Loan
Personal Loan (Secured / Unsecured)
The personal loans of KVB have many unique features depending on the type and purpose of the loan. The highlights of such loans are mentioned below.
Loan type | Amount of loan | Rate of interest | Tenure | Processing fees |
Bon Voyage | 75% of the travel cost (derived after reducing stipulated margin from eligible costs) | Secured loans – 15% to 19% Unsecured loans - 12% to 19% | 36 months | 0.30% of the loan amount (minimum Rs. 500) |
Swarnamitra | Minimum loan amount – Rs. 5,000 Maximum loan amount Rs. 75,00,000 | Secured loans – 15% to 19% Unsecured loans - 12% to 19% | 12 months overdraft facility (can be extended for a further period of 12 months) | 0.50% of the loan amount |
Insta Loan | Need-based loans | Secured loans – 15% to 19% Unsecured loans - 12% to 19% | 72 months | 0.50% of the loan amount (minimum Rs. 1,000 plus taxes) |
IPO Funding | Minimum Rs. 5,00,000 Maximum 50% of the total amount to be invested | Secured loans – 15% to 19% Unsecured loans - 12% to 19% | Maximum 15 days from the sale of the loan disbursement | 1% of the loan amount (minimum Rs. 250, maximum Rs. 2,000 plus taxes) |
Quick Loan | Maximum Rs. 25,00,000 | Secured loans – 15% to 19% Unsecured loans - 12% to 19% | 60 EMIs or lump sum at end of the validity period | Rs. 500 |
Personal Loan (Secured / Unsecured) | Unsecured loans- Minimum Rs. 50,000 Maximum Rs. 10,00,000 Secured loans Minimum Rs. 50,000 | Secured loans – 15% to 19% Unsecured loans - 12% to 19% | 60 EMIs or lump sum at end of the validity period | 1.50% of the loan amount |
Karur Vysya Bank is a scheduled commercial bank in India. It is one of the leading banks in our country and has its presence across all the states. The bank operates primarily in retail banking, corporate banking, agricultural banking, NRI banking, treasury and more.
The retail banking segment of the bank provides loans like home loans, education loans, personal loans, etc. for the benefit of customers. Personal loans are one of the prominent products of the bank and are available to eligible applicants to meet their personal needs of any nature.
Personal loans are term loans that are unsecured in nature and are available to eligible applicants. The purpose of these loans can be anything like medical expenses, travel, any immediate personal need, education expenses, home repairs and renovations, etc. Personal loans are sanctioned quite easily and do not require the applicant to provide huge documentation for the same.
1. What are the documents needed for a personal loan from KVB?
A. The documents needed for personal loans of KVB are,
2. What is the minimum credit score needed for personal loans of the bank?
A. The minimum credit score required for the personal loans of KVB is 750.
3. Can the personal loan of KVB be applied by self-employed persons?
A. Yes. Self-employed persons and salaried persons can apply for the personal loans of KVB.
4. What are the factors influencing the eligibility for personal loans of KVB?
A. The factors influencing the eligibility for personal loans of KVB are,
5. What is a personal loan eligibility calculator?
A. personal loan eligibility calculator is the tool available on the website of the bank which provides the benefit of estimating the amount of loan that can be sanctioned to a person based on their eligibility.
6. What is the minimum loan amount under Swarnamitra personal loan?
A. The minimum loan amount under Swarnamitra personal loan is Rs. 5,000
7. What is the additional eligibility requirement for non-individual employees under Insta Loans?
A. The additional eligibility requirement for non-individual employees under Insta Loans is that such an entity has to be in existence and profit-making for a minimum period of 3 years.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application