Personal Loan (Secured)

KVB has devised this loan to help you service any personal or business needs that may arise and leave you unprepared. The uniqueness of this loan is that it can be repaid in installments or in full at the end of the loan period, whichever suits the loan taker.

Features and Benefits
  • This is a short term, long term loan.
  • Overdraft is also sanctioned (Secured Overdraft- Others).
  • It is for individuals against (NSC / KVP certificate holders / Life Insurance Policies of LIC as well as other Private Insurance Co. where surrender value can be established).
  • For personal or business purposes.
Charges and Limits
Quantum of Loan Minimum Rs. 0.50 Lakhs.
Maximum Rs. 25 lakhs
Margin 10%
Maximum Repayment Tenor Repayment under EMI upto 60 months.
Primary Security NSCs / KVPs / Sovereign Gold Bond / life insurance policies as per the Approved list in favour of the bank.
Collateral Security Nil
Guarantee Optional
Processing Charges 0.50%
Other Terms & Conditions
  • Loans on behalf of minors will not be considered.
  • Branches shall verify credit worthiness, integrity, local standing and repayment capacity of the borrower before entertaining the proposals under the Scheme.
  • OD is allowed for a maximum period of one year.
  • Loans on behalf of minors will not be considered.
  • LIC Policies are not accepted as securities for the loans under this scheme.
Interest Rate

To check all Interest rate: Click here

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