Karur Vysya Bank provides Quick Loan to help you service any personal or business needs that may arise and leave you unprepared.

Quick Loan

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

This is a short term, long term loan.
Overdraft is also sanctioned (Secured Overdraft- Others)
It is for individuals (NSC/KVP certificate holders)
For personal or business purposes.

Margin Nil

Maximum Repayment Tenor In Installments (EMI) or Bullet/ Lump sum Payment at the end of validity period

SCHEME ROI (floating) p.a.

KVB Quick loan One-year MCLR + 3.60%

Primary security Pledge of fully paid NSC's /KVP's/ State & Central Govt Bonds.

Collateral security NIL

Guarantee NIL

Processing charges 0.30% of loan amount.

MCLR rates-

The MCLR rates w.e.f. 07.01.2017

Type of MCLR MCLR Rate Period of applicability
Overnight MCLR 9.20% p.a. 1 day and above and less than 1 month
One-Month MCLR 9.20% p.a. 1 month and above and less than 3 months
Three-Month MCLR 9.20% p.a. 3 months and above and less than 6 months
Six-Month MCLR 9.40% p.a. 6 months and above and less than 1 year
One-Year MCLR 9.60% p.a. 1 year and above

All rupee loans sanctioned and credit limits renewed w.e.f. January 7, 2017 will be priced with reference to the MCLR only.

There will be no lending below the MCLR of a particular maturity for all loans linked to that benchmark.

Other Terms & Conditions -

Interest to be serviced for Overdrafts

ROI to be re fixed for Overdrafts at the time of Renewal.

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

Contact-

Call their helpline number :

1860 200 1916 (Within India)
(Local call charges applicable)
+91 044 - 30721916 (Outside India)