Kumari Bank Personal Loan interest rate 2083
Kumari Bank's personal loan is priced at 6.34%–8.34% effective in Bhadra 2083: a 4.84% base rate plus a 1.5%–3.5% premium. That ranks 3rd cheapest of the 13 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,491, plus a 1% processing fee.
- Effective rate
- 6.34% – 8.34%
- Base rate
- 4.84%
- Premium
- 1.5% – 3.5%
- Processing fee
- 1%
- Maximum tenure
- 60 months
- Rank by rate
- 3 / 13
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.kumaribank.com/interest-rate-loans
Kumari Bank Personal Loan: effective rate 6.34%, EMI from Rs. 19,491 per month. Compare with 12 other banks.
Rate breakdown
Base rate
4.84%
Premium
1.5%–3.5%
Effective rate
6.34%–8.34%
Fixed
Not published
- Processing fee
- 1% (Min Rs. 1,000)
- Prepayment penalty
- 1.98%
- Loan amount
- Rs. 1 Lakh – Rs. 50 Lakh
- Tenure
- 12 – 60 months
- Max financing
- —
- Age
- 21 – 65 years
Highlights
- No collateral for salaried
- Disbursement in 3 to 7 days
- Flexible use
Who is eligible
Salary account with the bank or salary certificate from a registered employer required.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
Kumari Bank Personal Loan FAQ
What is Kumari Bank's current Personal Loan interest rate?+
Kumari Bank's Personal Loan floating rate is base rate 4.84% plus a premium of 1.5% to 3.5%, giving 6.34% to 8.34% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Personal Loan from Kumari Bank?+
At 6.34% over 60 months, the EMI is roughly Rs. 19,491. Use the calculator above to change the amount or tenure.
Can I prepay a Kumari Bank Personal Loan?+
Yes. The published prepayment charge is 1.98% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
