Kaveri Grameena Bank Personal Loan: Having personal loans from validated banks is one of the crucial parts of India’s citizen life. And personal loans are provided by banks in a legal way, which is important for all people, regarding many sorts of investments like purchasing gadgets, house, cars, or starting a business, or for investing on a family occasion like marriage, or on other issues like health and children’s education.
People who go through many sorts of economical crunches can get a lot of facilities under the schemes of Kaveri Grameena Bank’s personal loan. The scheme is ordained very masterfully, so that the needy people can get privileges of the scheme easily, on various purposes mentioned earlier. Apart from that, another purpose may be to get rid of another burden of loans.
Want to compare Kaveri Grameena Bank Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on Personal Loan & choose the suitable bank to apply for the loan.
This content will explore some crucial matters regarding this policy provided by Kaveri Grameena Bank like the purpose of Kaveri Grameena Bank personal loan, eligibility criteria of Kaveri Grameena Bank personal loan, and features of Kaveri Grameena Bank personal loan. So let us begin.
Kaveri Grameena Bank
- What is the Personal Loan?
- What is the Kaveri Grameena Bank Personal Loan?
- What are some of the significant features of the Kaveri Grameena Bank Personal Loan?
- What are the precise eligibility criteria that you need to fulfill to apply for the Kaveri Grameena Bank Personal Loan?
- What is the Interest Rate for the Kaveri Grameena Bank Personal Loan?
- What are some of the remarkable advantages of applying for the Kaveri Grameena Bank Personal Loan?
- What are the most significant documentations that are needed to apply for the Kaveri Grameena Bank Personal Loan?
- The takeaway from this article
What is the Personal Loan?
The Personal Loan is a kind of loan. It does not require any security or any collateral. A personal loan is the only type of loan that is offered with a minimum number of documentations.
What is the Kaveri Grameena Bank Personal Loan?
The Kaveri Grameena Bank was formed on the 1st of November in 2012. The head office of the Kaveri Grameena Bank is located in Mysore City. The Kaveri Grameena Bank offers the scheme of personal loans known as the Kaveri Grameena Bank Personal Loan.
Kaveri Grameena Bank Personal Loan Features
Here we have some of the significant features of the Kaveri Grameena Bank Personal Loan. Your age must be in between 21 years to 65 years. The CIBIL score is to be at least 750 or more than it. The interest rate of the Kaveri Grameena Bank Personal Loan is 9.99 % per annum.
There is no minimum or lowest EMI for the Kaveri Grameena Bank Personal Loan. The tenure of the Kaveri Grameena Bank Personal Loan is in between 12 months to 60 months. The processing fee for the Kaveri Grameena Bank Personal Loan is between 1 % and 2 % of the amount of the loan. The Kaveri Grameena Bank Personal Loan does not need any prepayment charges.
The Kaveri Grameena Bank Personal Loan also does not need any part payment charges. The minimum loan amount and the maximum loan amount are Rs 50, 000 and Rs 20 Lakh, respectively.
Kaveri Grameena Bank Personal Loan Eligibility Criteria
To apply for the Kaveri Grameena Bank Personal Loan, you are needed to fulfill particular eligibility criteria. The CIBIL score is to be at least 750 or more than that particular score. The age limit is in between 21 years and 65 years.
The minimum income to apply for the Kaveri Grameena Bank Personal Loan is Rs. 20,000 per month. The person applying for the Kaveri Grameena Bank Personal Loan can be a self-employed person or a regular salary person.
Kaveri Grameena Bank Personal Loan Interest Rates
The Interest Rate of the Kaveri Grameena Bank Personal Loan is 9.99 % per annum.
Kaveri Grameena Bank Personal Loan Advantages
- The first remarkable advantage of applying for the Kaveri Grameena Bank is that it is easily available online.
- The second remarkable advantage of applying for the Kaveri Grameena Bank is that the EMIs for the Kaveri Grameena Bank personal loan is very affordable.
- The third remarkable advantage of applying for the Kaveri Grameena Bank is that the Interest Rate is very affordable.
- The fourth remarkable advantage of applying for the Kaveri Grameena Bank is that the Kaveri Grameena Bank allows you to discuss repayment flexibility by the bank.
- The fifth remarkable advantage of applying for the Kaveri Grameena Bank is that there are very attractive and competitive interest rates that are available.
- The sixth remarkable advantage of applying for the Kaveri Grameena Bank is that the Kaveri Grameena Bank needs very minimal documentation.
- The seventh remarkable advantage of applying for the Kaveri Grameena Bank is the presence of quick approval of the loan.
- The eighth remarkable advantage of applying for the Kaveri Grameena Bank is that the EMIs can go from 12 to 60 months.
Kaveri Grameena Bank Personal Loan Documents Required
The person applying for a personal loan will have to take several significant documentation that is needed to apply for the Kaveri Grameena Bank Personal Loan.
- The first significant documentation that you will need to have to apply for the Kaveri Grameena Bank Personal Loan is Identity Proof. You can take your driving license or your passport as an identity proof to apply for a personal loan.
You can also take Aadhar Card or the Voter ID Card as identity proof to apply for the Kaveri Grameena Bank Personal Loan.
- The second significant documentation that you will be needed to have to apply for the Kaveri Grameena Bank Personal Loan is the Address Proof. You can take the Rent Agreement or the Utility Bills Passport of a permanent residence as address proof to apply for the personal loan.
- You can also take your Ration Card as address proof to apply for the Kaveri Grameena Bank Personal Loan.
- The third significant documentation that you will be needed to have to apply for the Kaveri Grameena Bank Personal Loan is Income Proof. You can take the ITR of the previous two Assessment years or the salary slip of the previous six months as income proof to apply for the personal loan.
- You can also take your Bank Statement of the three previous months as income proof to apply for the Kaveri Grameena Bank Personal Loan.
- Last documentation but not least, the person applying for the loan will be needed to submit a properly signed and duly filled application form for the Kaveri Grameena Bank Personal Loan when he or she is applying for the personal loan.
Takeaway from this Article
In this particular article, we have given you the information about the Kaveri Grameena Bank Personal Loan, about the Kaveri Grameena Bank Personal Loan interest rate and about what a Kaveri Grameena Bank Personal Loan is.
We have also told you about the Kaveri Grameena Bank Personal Loan’s Interest Rate and the factors that actually affect the Interest Rate of the Kaveri Grameena Bank Personal Loan.