KBL- Dropline OD
Designed to cater to the dynamic financial needs of real estate developers, retailers, traders and manufacturers, KBL Dropline OD is a unique credit facility that reduces periodically, ensuring you stay on top of your repayments while enjoying immediate access to funds.
Why this loan is for you
Designed to give you just what you need
Easy, hassle-free application process
Affordable processing charges with no annual renewal
Longer repayment tenure up to 10 years
Features
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi Calculator
You will pay
₹13,800/Months
Eligibility criteria
- Individuals / HUF / proprietorship / any legal entity
- Individuals aged 21 years and above
- Applicant should not have any working capital facilities anywhere
Documents required
- ID and proof of address (KYC documents)
- Proof of business (Udyam Aadhaar, GST registration, business license or any other valid documents)
- Last 2 years ITR and audited financials
- Legal opinion and valuation of offered security
- Last 12 months operative account statement (only for new customers)
- Last 12 months loan statement availed from other banks or FIs
- Any other documents on case to case basis
As easy as 1,2,3...
Apply for a KBL Dropline OD in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We'll take care of the rest
Our branch officials will notify you when your loan is sanctioned
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Got questions? We’ve got answers.
Individuals, HUFs, Proprietorships, and any legal entity can apply for KBL Dropline OD.
The withdrawal limit under KBL Dropline OD reduces at fixed intervals (monthly, quarterly, half-yearly, or annually) based on your cash flow. This offers flexibility in managing your repayments.
Equated Monthly Instalment is a structured payment method that enables you to repay your loan in fixed monthly amounts. This includes both the interest and the principal, designed to reduce your loan balance while fitting into your monthly budget comfortably.
The documents needed are ID and address proof (KYC documents), business proof (Udyam Aadhar, GST registration, business license or any other valid documents), last 2 years ITR and audited financials, legal opinion and valuation of offered security, last 12 months operative account statement (only for new users), last 12 months loan statement availed from other banks or FIs, any other documents on case to case basis.
If repayment challenges arise, we encourage prompt communication with us to explore feasible solutions and maintain financial integrity.
The fees include processing charge, annual review charges, CERSAI charges and documentation charges
We prioritize expedient loan processing, understanding the importance of timely financial support for your business aspirations
The interest rates on business loans vary based on factors like loan amount, tenure, and the financial health of the business. Typically, these loans have competitive interest rates, making them a viable option for business financing. It s crucial for borrowers to understand the terms of the loan, including the interest calculation method, to plan their finances effectively.
Do prepare a solid business plan to support your loan application. Keep your financial documents organized and updated for the application process. Don t underestimate the importance of reading and understanding the loan agreement, particularly the repayment terms and any associated fees.
