Your choice, your ease

When life throws opportunities or challenges your way, a little support goes a long way. Whether it's for managing unexpected expenses, funding a dream wedding, furthering education or even consolidating debts, personal loans offer the flexibility and time you need. Unlike specific loans like home or auto loans, personal loans don't restrict how you use the funds, giving you the freedom to address a wide range of personal financial needs. The process is typically straightforward with instant process, here to fulfill the many needs you may have . Read more

Apply for a KBL Xpress Cash Loan

  • Quick disbursal
  • Attractive rates
  • No collateral

Apply for a KBL Insta Cash Loan

  • Wide eligibility
  • Pay as you want
  • Safeguarded loan

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

Not sure which product is for you?

Let’s find the best fit together

  • No spam calls
  • Dedicated KBL experts
  • Set up a call on your time

Why choose our personal loans

Getting you where you need to go

Enjoy multiple loan types for whatever you may need

Simplified terms and conditions for a smooth experience

Starting as low as 11% per annum

Who can apply for our personal loans

  • Individuals who are resident of India
  • Individuals at least 18 years old
  • NRIs holding an Indian passport
  • Minimum salary of ₹10,000 for salaried
  • Minimum income of ₹120,000 for businessmen and self employed
who can apply
BANKING WITH YOU

Here for you, always

24/7 support for your banking needs

  • Internet Banking

    KBL MoneyClick

  • Digital Banking

    WhatsApp banking

  • Service Branches

    Locate us

Banking with trust, expertise and care

Expanding the KBL family everyday

Mr. Sirimall Mahesh

“It was quick sanctioning and fully digital”

Mr. Sirimall Mahesh

KBL Xpress Car Loan

17 Jan,2024
Carol Dsouza

“It was very easy to use and helpful. The staff are very friendly and helpful”

Carol Dsouza

KBL Xpress Car Loan

02 Nov,2023
Mr. Shadul Umaji Yadhav

“It was like quick, hassle-free, fully digital. Outstanding and excellent.”

Mr. Shadul Umaji Yadhav

KBL Mobile Plus

02 Nov,2023
Karan Deodatta Pradeshi

“I just wanted to open a new personal account. So my business partner recommended me to open an account in Karnataka Bank and I am quite happy with my decision. They (the staff) are very kind, very supportive and they attend to you very well.”

Karan Deodatta Pradeshi

Savings Account

02 Nov,2023
Rahul Nasal

“I downloaded their mobile banking app to test out its functionality - one of the most responsive and most user friendly. It is the perfect blend of the conventional personal touch banking and the high-tech digital banking”

Rahul Nasal

Mobile Banking

02 Nov,2023

Got questions? We’ve got answers.

What are the benefits of a personal loan compared to others?

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.

Yes, you can prepay your loan. It's advisable to check if there are prepayment charges involved, as this varies from loan to loan.

Advantages of personal loans

Personal loans are unsecured loans that provide financial flexibility for a variety of personal needs, such as debt consolidation, home renovation, travel, or emergency expenses. The key advantage is the lack of a requirement for collateral, making it accessible to a wider range of borrowers. Personal loans usually offer quick processing and disbursal, with minimal documentation. They can also be tailored in terms of amount and tenure, typically ranging from 1 to 5 years, to suit the borrower's needs.

The interest rates on personal loans are higher than secured loans due to the higher risk borne by the lender. These rates can vary greatly depending on the lender, the borrower’s credit score, income level, and employment stability. When opting for a personal loan, it’s important to compare offers from various lenders. Consider the total cost of the loan, including interest, processing fees, and any prepayment penalties. A good credit score can significantly lower the interest rate and improve the terms of the loan.

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.

Securing a personal loan can be a significant financial step. Whether you're consolidating debt, financing a major purchase, or covering unexpected expenses, understanding the nuances of personal loan interest rates and terms is essential. Our bank offers a variety of quick personal loans, catering to your urgent financial needs with fast and easy approval processes. By leveraging digital technology, we ensure a paperless and hassle-free experience, making it easier than ever to apply for a personal loan online. Our transparent guidelines help you comprehend how to take a personal loan online, ensuring you’re well-informed every step of the way.