Karnataka Bank KBL Xpress Cash Personal Loan

Thinking of availing a Personal Loan to pay off your debts?

The personal loan from Karnataka Bank might just be the right choice for you

Karnataka Bank KBL Xpress Cash Loan (Personal Loan)

This loan is specifically designed for salaried employees of govt. organisations and reputed private organisations to help them get funds to meet their urgent financial needs. This loan scheme can also be availed as a consolidation loan to pay off high-interest debts.

Features of Karnataka Bank Personal Loan

Why this Loan?

  • The Karnataka Bank Xpress Cash Loan is meant for salaried employees of government units/institutions or reputed private organisations who need funds to meet their personal needs ranging from overseas travel expenses and wedding expenses to emergency medical expenses and debt consolidation
  • This is a digital loan which means that there is zero paperwork involved. The bank also claims to disburse the loan amount within 10 minutes after application approval
  • This is a collateral-free loan

Loan Amount

  • The maximum loan amount offered under this loan scheme is up to Rs. 5 lakh


  • As of October 2020, the interest rate applicable to this loan scheme is 11.32%


  • This loan must be repaid within 5 years


  • The borrower must be a resident Indian above the age of 21 years
  • Salaried employees of Public Sector Undertakings, Central Government or State Government units, reputed corporate entities, etc. are eligible for this loan
  • The borrower should have been working at the current organisation for at least 6 months
  • The borrower should not have availed another unsecured personal loan from Karnataka Bank

Security Needed

  • This is a collateral-free loan

Processing Charges

  • As of October 2020, this information is not mentioned on the bank’s website. We suggest calling up the bank to get in touch with their representative to get more details

Documents Needed

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns, Last 6 months bank statement
  • Income/Banking Proof for Self-employed Professionals/Self-employed Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • Karnataka Bank Website: www.karnatakabank.com
  • Headquarters: Mangalore, Karnataka
  • Call Centre Toll-Free Number: 1800 425 1444