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Karnataka Bank Loans
Those who are thinking about going for a home loan to buy their dream houses or a car loan to become a vehicle owner can give Karnataka Bank a thought. Karnataka Bank has an array of loan products to meet the needs of various borrowers. Karnataka Bank loans have a lot to offer Indian customers.
About Karnataka Bank Loans
During various phases of your life, you will require finance for various purposes. By recognizing your evolving financial requirements, Karnataka Bank has designed loan products that cater to the different needs of the borrowers. Karnataka Bank Loans are innovatively designed by focusing on the needs and budgets of the customers.
Given below are the different types of loans offered by Karnataka Bank:
Karnataka Bank Loans- Personal banking
The personal banking division of Karnataka Bank offers the following loan products:
1) KBL Varthak (loan scheme for traders)
This is an innovative working capital finance scheme for traders and service sector enterprises.
2) KBL Udyog Mithra (loan scheme for professionals)
KBL Udyog Mithra is a unique loan scheme for professionals such as medical practitioners, engineers, advocates and chartered accountants.
3) KBL Salaried Persons Loan (scheme for financing salaried persons)
All salaried individuals who have a stable service and are aged below 55 years can qualify for these loans. This is basically a loan which can be used for various purposes such as financing higher education, purchase of consumer durables, wedding expenses, healthcare expenses and home renovation.
4) K-Power (personal loans)
Customers who have a savings or current account with Karnataka Bank can qualify for these loans. The borrower can be a salaried individual or self-employed professional.
5) KBL Insta Cash (for consumption purposes)
Partnership firms, joint borrowers, Hindu Undivided Family (HUF) businesses and other individuals can qualify for this loan.
6) KBL Apna Ghar (home loan)
Resident Individuals, non resident individuals, self-employed individuals and businessmen can qualify for the Apna Ghar scheme. This loan scheme can be used for various purposes such as home construction, purchase and renovation.
7) KBL Vidyanidhi (education loan scheme)
Students studying in India and abroad can be eligible for this loan program.
8) KBL Easy Ride (for two wheelers)
Salaried individuals, professionals and businessmen can qualify for this two wheeler loan. It is an ideal financing option to finance the purchase of a two wheeler.
9) KBL Car Finance (for new and second hand cars)
KBL Car Finance is an innovative loan product from Karnataka Bank Limited to finance purchase of new and second hand cars.
10) Vahana Mithra (finance for commercial vehicle)
With this kind of a loan, you can finance the purchase of Jeep, Autorickshaw, Maxi Cab, Car, TATA Sumo, Tempo Traveller, Bus, toyota Qualis, Lorry and other vehicles to be licensed as Public Transport Vehicle. You can also buy a new crane, JCB or tractor given that the vehicle will be utilized as vehicle for lease.
Karnataka Bank Loans – Business Banking
Karnataka Bank Limited recognizes the level of competition in the contemporary rapidly changing world. The bank also recognizes the need of expansion for every business regardless of its size. The bank provides a range of cautiously tailored loan products to assist your business to outperform other businesses in this competitive business scenario. Loan products offered to the business customers include the following:
- Term loans
- Working capital finance
- Infrastructure finance
- Retail trade finance
- Agricultural finance
- Finance to SSI (Small scale industry)
- Finance to medium and large scale enterprises
- Export finance