What is the rate of interest for personal loan in Karnataka Bank?

What is the rate of interest for personal loan in Karnataka Bank?

13.15% p.a.

Can I get loan if my salary is 17000?

You can get the loan without having to submit any security. Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan. In this post we will tell how and where you can get a loan with low salary.

Can I get personal loan with 15000 salary?

Banks and non-banking finance companies offer easy personal loans to those with a decent credit repayment history and a minimum monthly salary of Rs 15,000.30-Oct-2022

What is the EMI for 5lakh loan?

For Rs 5 lakh personal loan, the EMI for 1-year loan tenure at an 11.99% rate of interest per annum is ₹ 44,442, 2-year tenure is ₹ 23,534, 3-year tenure is ₹ 16,605, 4-year tenure is ₹ 13,164 and 5-year tenure is ₹11,120.

Which loan has no interest rate?

Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods. Unsubsidized Loans are loans for both undergraduate and graduate students that are not based on financial need.07-Jul-2022

Which Bank is best for loan?

Top Personal Loan Plans of 2022: Brief Analysis

Can I borrow 20000 salary?

A: Yes, you can get a personal loan with a monthly salary of 20,000. Ensure you have your Aadhar Card, PAN card, and last 6 months bank statement in place for instant loan approval with 20K salary.07-Jan-2022

Can I get loan in 20K salary?

How much personal loan can I get on a ₹20000 salary? According to the Multiplier method, on a salary of ₹20000, you will be eligible for ₹5.40 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹4.08 lakhs.13-Sept-2021

Can I get personal loan on 14000 salary?

What is the minimum salary required to get a personal loan? The minimum salary fixed by most lenders is Rs. 20,000 while a few private-sector lenders may give you a personal loan even with a salary of Rs. 15,000.

What is the EMI for 1.5 lakhs personal loan?

Calculated Monthly EMI for 1.5 lakh of loan amount for 3 years at various rate of Interest :

Can I get loan with salary of 10000?

Your salary is a major factor that determines your loan eligibility. Most lenders do not entertain candidates with income less than Rs. 10,000. However, the chances are not completely ruled out.17-Jun-2019

Who is eligible for personal loan?

You need to be a residing citizen of India. You should be aged between 21 years and 67 years* You need to be employed with a private, public limited company, or an MNC. You should have a minimum CIBIL score of 750.

What is the EMI for 8 lakh personal loan?

8 lakh as a personal loan at the interest rate of 15% for a repayment tenor of four years, you will need to pay Rs. 22,265 as EMI.

What is the EMI of 12 lakhs?

EMI for an Rs. 12 lakh home loan for 20 years

What is the EMI for 3 lakh personal loan?

EMI for Personal Loan of Rs 3 lakh for Tenures of 1-5 years

Which bank loan interest is low?

1. Which bank offers the lowest personal loan interest rate? Ans. The lowest personal loan interest rates available through Paisabazaar.com are offered by Axis Bank, IDFC First Bank and IndusInd Bank at 10.49% p.a. onwards.7 days ago

Can a loan be zero interest?

As its name suggests, a zero-interest loan is one where only the principal balance must be repaid, provided that the borrower honors the rigid deadline by which the entire balance must be satisfied. Failure to comply with the deadline carries hefty penalties.

Is interest-free loan possible?

Do Interest-free Loans Exist? Interest-free loans do exist, but they tend to be more common for high-priced goods and services, including: Expensive consumer products: You can often find 0% interest loans or credit cards at stores that sell expensive products, such as electronics, jewelry or furniture.16-Apr-2021

Which bank gives fast personal loan?

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours.

What are 7 types of loans?

The lender decides a fixed rate of interest that you must pay on the money you borrow, along with the principal amount borrowed.Types of secured loans

Which bank is safe for personal loan?

Minimal documentation required for meeting personal loan eligibility. HDFC, ICICI, Bajaj Finserv, Tata Capital, and Kotak Mahindra are some of the banks that offer best personal loans in India.08-Dec-2022

What is the rate of interest for personal loan in Karnataka Bank?