Karnataka Bank Personal Loan Chennai - IFSC, Rates March 2024, EMI, Eligibility

Karnataka Bank Personal Loan in Chennai

About Karnataka Bank Personal Loan Chennai

Karnataka Bank gives a personal loan to salaried individuals based in the capital of Tamil Nadu. The bank has a very good network in the city of Chennai with several branches. Any eligible salaried employee can avail the product from the bank for a tenure ranging up to five years. The loan seeker can take a maximum amount which is up to ten times of his/her monthly gross salary. The product is very worthy when it comes to meeting personal needs.

Karnataka Bank Personal Loan Chennai at a glance

The essential details about the product offered by Karnataka Bank have been given below.

Interest Rates13.49%
Loan AmountINR 5 Lakhs
Tenure5 Years
Processing Fees0.50% of the loan amount
Pre-payment ChargesNil

Eligibility Criteria for Karnataka Bank Personal Loan Chennai

The norms of eligibility for a personal loan offered by the bank have been mentioned below. Check them out.

  • The age of the applicant should be between 21 t0 60 years. This means the applicant should have obtained the age of 21 years when the loan is applied.
  • The product can only be availed by salaried employees who earn good and stable income from a regular source.
  • Permanent employees who are employed by the listed companies, colleges, schools and universities are eligible to apply for a personal loan offered by Karnataka Bank. They need to have a remaining service of at least three years.
  • The applicant should be a resident of India.
  • The minimum net monthly salary should not be less than ₹ 10,000 per month for the salaried individual.

Documents required for Karnataka Bank Personal Loan Chennai

The list of important documents required for a personal loan offered by Karnataka Bank has been given below.

  • Loan Application with passport size photographs
  • Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
  • Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
  • Latest 3 months Salary Certificate and Form No.16, Income Tax returns of the previous two financial years
  • Bank statement: For salaried individuals: Last 3 months bank statement (where salary is credited)

In case you want more information, you can refer to Personal Loan Chennai.

Address of Karnataka Bank branches in Chennai

The complete list of Karnataka Bank branches in the city has been given here along with the address, contact details and IFSC & MICR codes.

Branch NameAddressIFSC CodeMICR Contact Details
R A Puram Chennai77, Greenways Road, Raja Annamalai Puram, Chennai 600028KARB00001506000520091800 425 1444
Porur Chennai3 BY 13, Mount Poonamallee High Road, Porur, Chennai 600116KARB00001526000520101800 425 1444
Besant Nagar ChennaiT 32, A BY B, 7TH Avenue, Besant Nagar, Chennai 600090KARB00001566000520111800 425 1444
K K Nagar ChennaiDNO 10 P T Rajan Salai K K Nagar Chennai 600078KARB00001576000520121800 425 1444
Chennai MogappairOld No. 402, New No. 78, Panneer Nagar, Thiruvalluvar Road, MogappairKARB00001586000520131800 425 1444
Chennai AyanavaramNo.4 Old No.22, 3rd Cross Street, Venkatesapuram Colony, Ayanavaram, Chennai 600023KARB00001596000520141800 425 1444
West MambalamNo12, 2nd Street, Chennai West Mambalam, Chennai 600033KARB00001616000520151800 425 1444
GT Chennai TC Street324, TC Street, Pb 1612, Chennai 600001KARB00004626000520021800 425 1444
Mount Road Chennai839, Mount Road, Pb2710, Chennai 600002KARB00004636000520041800 425 1444
Cathedral ChennaiNO 351, Avvai Shanmugam Lloyds Road, Gopalapuram, Chennai 600086KARB00004646000520061800 425 1444
Triplicane Chennai132 A, Triplicane High Road, Chennai 600005KARB00004886000520051800 425 1444
Anna Nagar ChennaiW123, 3RD Avenue, Annanagar, Chennai 600040KARB00004916000520081800 425 1444
Mint Street ChennaiD NO311, 1ST Floor, Mint Street, Sowcarpet, Chennai 600003KARB00004946000520031800 425 1444
Kodambakkam ChennaiD NO68, 2ND Main Road, United India Colony, Kodambakkam, Chennai 600024KARB00004966000520071800 425 1444
Service Branch ChennaiP.B.NO. 4906, Vadiraja Building, Door No. 351, 2nd Floor, Avvai Shanmugam Road, Gopalapuram Chennai - 600086KARB00001556000520011800 425 1444
Tambaram11/19, Elumalai Street, West Tambaram, Chennai - 600045KARB00007716000520161800 425 1444
Anna Nagar WestGround Floor, W - 582, Sboa School Road, Annanagar West Extension, Chennai - 6000101KARB00001626000520181800 425 1444
VelacheryD/NO-3, PLOT NO.14, Shashi Nagar, Velachery Bye Pass Road, Velachery - 600042, Guindy Taluk, Chennai Dist.KARB00001636000520191800 425 1444

  • Personal Loan Interest Rates March 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%