KBL Personal Loan for Government Employees (G-PerL)
Designed exclusively for permanent employees of state governments, central government and government undertaking corporations. this personal loan helps you achieve your personal goals with ease — whether you are purchasing household articles and consumer durables, financing your children’s education, special events like a marriage or thread ceremony of your loved ones, taking care of your own or your dependents’ medical expenses, repairing your house, or taking a personal vacation. Read more Read less
Why this loan is for you
Designed to give you just what you need
Enjoy exclusive interest rates for government employees based on your CIBIL score
Get quick approvals with no margin or collateral required
Unlock funds swiftly without requiring a guarantor
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 aged 21 and above, and below 60 (loan period plus borrower’s age within 60 years or retirement age, whichever is less)
- Permanent employees of state governments, central government and government undertaking corporations, having completed 6 months of service and minimum 3 months’ salary credited in Karnataka Bank for assessment
- Corporate salary account holders
- Minimum net salary of ₹20,000
- CIBIL score of 700 and above
Documents required
- Employee ID
- Last 6 months’ account statement (if partial salary is credited with another bank)
- Last 3 months’ salary slips
As easy as 1,2,3...
Apply for a KBL G-PerL loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your closest Karnataka Bank branch
Step 2
Submit your form
Fill out and submit the loan application form
Step 3
We'll take care of the rest
We will notify you when your loan is sanctioned
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Got questions? We’ve got answers.
A personal loan is an unsecured loan that you can use for a variety of purposes, like home renovation, education, or a wedding. It s a flexible
solution to meet your immediate funding needs, without collateral.
Equated Monthly Installment 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.
Eligibility depends on factors like your income, employment status, credit score, and age. These factors help us assess your ability to repay
the loan.
Typically, we use the Reducing Balance Method, which applies interest only on the outstanding loan amount. As you pay off the loan, the principal
amount reduces, and the interest for subsequent periods is calculated on this reduced balance.
Eligibility depends on factors like your income, employment status, credit score, and age. These factors help us assess your ability to repay the loan.
The KBL Personal Loan for Government Employees, or G-PerL, is your go to solution for instant access to funds to achieve your personal goals. Designed to cater specifically to employees of government institutions, whether state or central government, and government or public undertaking corporations, this loan offers an easy solution with quick fund disbursal up to ₹25 lakh and a repayment tenure of up to 60 months. Whether you are purchasing household articles and consumer durables, financing your childrens education, special events like a marriage or thread ceremony of your loved ones, taking care of your own or your dependents medical expenses, repairing your house, or taking a personal vacation, we have you covered. At Karnataka Bank, we understand the importance of having access to funds when you need them the most, ensuring our process is straightforward, with minimal documentation and quick processing times
Navigating through the financial aspects of a loan can be daunting, but Karnataka Bank makes it simple with clear, competitive interest rates for our KBL Personal Loan for Government Employees. Starting at just 11% p.a., our interest rates are structured to ease your borrowing experience. This rate is meticulously calculated to ensure affordability and to provide you with a clear understanding of your financial commitments. Our goal is to help you manage your repayments comfortably over a period that suits your budget and lifestyle, making financial planning straightforward and stress free.
Do maintain a healthy credit score to qualify for better loan terms. Evaluate your financial situation and only borrow what you can afford to repay. Plan your loan tenure and EMIs based on your repayment capacity. Don t ignore the fine print in the loan agreement, especially regarding fees and penalties. Avoid taking a personal loan for impulsive purchases or investments with high risk.
