#1
April 9th, 2017, 02:44 PM
| |||
| |||
Karur Vysya Bank Business Loans
Hello, I want to take Business Loan from Karur Vysya Bank so can you please provide me the details of the loan?
|
#2
April 9th, 2017, 03:00 PM
| |||
| |||
Re: Karur Vysya Bank Business Loans
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) |
|