KBL Business Quick Loan
The ideal financial solution for businesses looking to leap forward. Whether it's for advertising, office refurbishing, or equipment repair, this loan scheme is tailored for rapid enhancement of your business. With financing available from ₹10 lakh up to ₹50 lakh, it caters to various scales of improvement activities. The scheme stands out for its simple processing and swift sanctioning, ensuring that you can focus on your business without worrying about funding delays. Embrace this opportunity with our commitment to empowering MSMEs, making your business growth journey smoother and more efficient. Read more
Why this loan is for you
Designed to give you just what you need
12-month PS Overdraft for immediate needs and up to 35-month PS DPN for longer-term financing
Designed for profit-making MSMEs with a good credit score requirement
Open to all legal entities under MSME guidelines
Make matters simple and straightforward
A smart calculator for smart spending and savings
Eligibility criteria
- Indian individuals up to the age of 70
- A minimum credit score of 675
- Profit-making business for last 2 years
- Regular GST filings for last 2 years
- No NPAs or closed OTS accounts
- No defaults on previous loans
- A minimum credit score of 700
- Profit-making business for last 2 years
- Regular GST filings
- No NPAs
Documents required
- Udyam registration certificate
- Proof of identity for firm (Aadhaar, PAN, registered partnership deed, MOA & AOA, registered trust deed, LLP agreement etc.)
- Proof of address (shop/establishment license, GST registration, rent/lease agreement, and other licenses related to the activity)
- GST returns for the last 2 financial years
As easy as 1,2,3...
Apply for a KBL Business Quick Loan 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.
Our KBL Business Quick Loan is designed to finance various business improvements, including advertising, office refurbishments, and equipment upgrades, facilitating your the growth of your business.
We offer special interest concessions for women entrepreneurs and MSMEs with Zero Defect Zero Effect (ZED) Certification. Plus, if your security coverage exceeds 125%, you’re eligible for even more benefits.
We offer two repayment methods: PS Overdraft, repayable on demand for flexibility, and PSDPN, repayable in equal monthly installments for structured financial planning. PS DPN" stands for "Packing Credit Demand Promissory Note". It's a financing instrument used in the banking and financial sector, typically associated with loans or credit facilities provided for business purposes, such as the procurement of raw materials, manufacturing, or packaging of goods for export. The term "Demand Promissory Note" refers to a financial document where the borrower promises to repay the loan on demand or at a fixed or determinable future time.
Collateral requirements include mortgage of properties or securities such as bank deposits and certain insurance policies, ensuring loan security and borrower commitment.
Our loan scheme offers financial assistance ranging from ₹10 lakh to ₹50 lakh, accommodating a wide spectrum of business enhancement projects.
Your business qualifies if it's profitably operating for the past two years with consistent GST filings, reflecting financial stability and reliability.
If repayment challenges arise, we encourage prompt communication with us to explore feasible solutions and maintain financial integrity.
Startups meeting our MSME criteria and possessing a strong credit background are encouraged to apply, as we support thriving
business ventures.
We prioritize expedient loan processing, understanding the importance of timely financial support for your business aspirations.
Prepayment is an option available to you, potentially reducing your interest obligations. We advise discussing this with us to understanding terms and conditions of the loan.
There is no processing fee for loans up to ₹5 lakhs. A processing fees of up to 0.50% would be applicable on loans above ₹5 lakhs.
Business loans provide the financial backbone for businesses looking to expand, invest in new equipment, or manage working capital. These loans can be a catalyst for growth and innovation, offering the necessary funds to turn business aspirations into reality. With options to apply a business loan online, businesses can start their application process with ease, ensuring quick and efficient access to funds.
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. For swift financial support, the KBL Business Quick Loan is the perfect solution, offering Fast Business Loan options when time is of the essence.
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.
