KBL Suvidha Overdraft Loan
A financial solution tailored for your personal needs, offering the ease and flexibility you deserve. Whether it’s for an unexpected expense, a dream vacation, or just to have a financial cushion, this overdraft facility is designed to provide you with quick access to funds. With a simple application process and fast sanction, it's ideal for when you need money without the long wait. This facility is perfect for salaried individuals, retirees with disposable income, and others meeting our income criteria. The loan comes with competitive interest rates and a flexible repayment option, ensuring you have the financial support you need, whenever you need it. Read more
Why this loan is for you
Designed to give you just what you need
Quick sanctioning for immediate financial needs
Suitable for a range of personal expenses
Easy to manage with flexible terms
Make matters simple and straightforward
A smart calculator for smart spending and savings
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You will pay
₹13,800/Months
Eligibility criteria
Individuals of 21 years of age holding an Indian passport
- Salaried person: monthly salary of ₹10,000
- Self-employed: annual income of ₹1,20,000
- As per specific terms and conditions applicable to NRIs
Documents required
- Aadhaar and PAN cards of the applicant/borrower, directors/partners/co-obligants/guarantors
- Income tax returns of the directors/partners/co-obligants/guarantors
- Tax paid receipts
- Income proof
- Bank statement
As easy as 1,2,3...
Apply for a KBL Suvidha Overdraft 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.
The repayment is on-demand, as per the rules of the overdraft facility, offering flexibility in managing your finances.
OD stands for Overdraft, a type of credit facility that lets you withdraw money from your account even if it has no balance or is below zero. Essentially, it's like having a pre-approved loan up to a certain limit in your bank account that you can use anytime.
you need to provide collateral as a security for the overdraft. This can be in the form of a mortgage of residential or commercial properties, or liquid securities. The value of the collateral should be at least 150% of the applied loan limit. This ensures that the loan is secured and provides us with the assurance to extend this facility to you.
The interest rates for the Suvidha OD scheme start at 11.68*%. The exact rate may vary depending on various factors such as your income, credit history, and the value of your collateral. Our competitive rates ensure that your overdraft facility is affordable and aligns with your financial situation.
The loan offers a flexible repayment tenure of up to 24 months, allowing you to plan your finances without any pressure.
Ideal for sudden expenses, dream vacations, or simply as a financial cushion, our overdraft facility is designed for quick access to funds. With a maximum loan amount of up to ₹25 lakh and competitive interest rates starting at 11.68*% p.a., you're equipped to handle life's unpredictable moments. Our overdraft loan caters to both salaried individuals and self-employed professionals, offering tailored financing limits and a convenient repayment tenure of up to 24 months, ensuring you have the financial support you need, whenever you need it.
Our rates start at a competitive 11.68*% p.a., designed to provide you with an affordable way to access additional funds when you need them. Unlike traditional loans, the interest on an overdraft loan is calculated only on the amount utilized, not on the total loan sanctioned, offering you the flexibility to borrow as per your immediate need. This means you can control the interest you pay by managing how much you draw and for how long. With our Suvidha Overdraft Loan, you can rest assured that you're getting a transparent financial solution that aligns with your personal cash flow, allowing for smarter, more efficient borrowing.
Do assess your financial stability and ability to repay before taking the loan. Ensure that the purpose of the loan justifies the risk of pledging a property. It's advisable to have insurance on the property to protect against unforeseen circumstances. Don't underestimate the costs associated with the loan, including processing fees and potential prepayment penalties. Avoid over-leveraging your property, and always have a contingency plan for repayments in case of financial setbacks.
