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

Dropline facility

Withdrawal limit reduces each month/quarter/half year/every year from the sanctioned limit. The reduction frequency will be fixed based on your cash flows.

No annual renewal

The renewal will be on completion of the original tenure. Mid term renewal with enhanced or reduced limit request is permitted only after 1 year of satisfactory operations.

Repayment

Make your loan payments in easy installments based on your cash flows.

Make matters simple and straightforward

A smart calculator for smart spending and savings

Emi Calculator

Loan amount
25000 1000000
Rate of interest
2% 18%
Loan tenure
1 Months 60 Months

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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Explore other options for you

Trusted by thousands and handpicked for financial excellence

KBL Xpress Business Quick Loan

  • Up to ₹50 lakhs max loan amount
  • Interest rate starting at 10.43*% p.a.
  • Up to 35 months loan tenure

KBL Xpress MSME Loan

  • Up to ₹30 Crore max loan amount
  • Interest rate starting at 9.68*% – 16.18*% p.a.
  • Up to 120 months loan tenure

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Got questions? We’ve got answers.

Who can apply for KBL Dropline OD?

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

Interest rates explained

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.