Interest Rate
13.10 - 13.10
Processing Fee
0.75%
Loan amount
100000.00 - 500000.00
Tenure
5 years
Avail personal loan at annual interest rate of 13.10%.

Borrow upto Rs. 5 Lacs, depending upon the repayment capability.

Tenure ranges from 1 year to upto 5 years.

Processing charges are equal to 0.75% of the sanctioned loan amount.

Kalyan Janata Sahakari Bank Personal Loan

Kalyan Janata Sahakari Bank offers personal loans upto a maximum of Rs. 5 lacs with a maximum repayment tenure upto 60 months to the salaried and self employed individuals having regular source of the income to meet out their personal expenses.


KJSB is a good fit for you if?

If You are Self-Employed – While most of the other banks like Bank of Maharashtra and United bank of India do not lends a personal loan to the self employed individuals. The Kalyan Janata Sahakari Bank offers personal loan to the self employed borrowers too with the salaried borrowers.

If You're Looking for loan repayment tenure upto 60 months – Kalyan Janata Sahakari Bank allows maximum repayment tenure as long as 60 months for the repayment purpose, whereas some of the peers in the industry like United Bank of India and Bank of Maharashtra allows only upto 36-48 months for repayment of personal loan.

KJSB Personal Loan at a glance

Annual Interest Rate

13.10%

Loan Term

Upto 60 months

Loan Amount

Upto Rs.5 Lacs

Preclosure Charges

Nil

Kalyan Janata Sahakari Bank offers personal loans to the salaried and self employed individuals having a regular source of income at the rate of 13.10% per annum. The maximum repayment tenure allowed by the bank for repaying the loan is upto 36 months if loan is below Rs.1 lac and 60 months is loan is more than Rs.5 lacs.

There are no pre closure charges in case of early payment of loan by the borrower.

Why Choose KJSB?

No Prepayment Charges – The Kalyan Janata Sahakari Bank do not charges for the prepayment of the personal loan.

What to watch out for?

Higher Processing Charges – The Kalyan Janata Sahakari Bank charges 0.75% of loan amount as processing charges, which is higher in comparison of some of the peers in the industry like a flat fee of Rs.500 charged by the Central Bank of India.

Lesser Loan amount – The Bank offers maximum loan amount upto Rs.5 lacs only. While some of the banks in the industry like Oriental Bank offers a larger amount of Rs.10 lac at maximum to be borrowed as personal loan.

Compare KJSB Personal Loans to Other Banks

Bank Name Kalyan Janata Sahakari Bank Abhyudaya Co-op Bank Bank of Maharashtra

Typical APR

13.10%

12.50%-13%

11.75%-12.75%

Loan Term

Upto 60 months

Up to 84 months

Upto 36 months

Maximum Lending Amount

Upto Rs. 5 lacs

Upto Rs. 5 lacs

Upto Rs. 1.5 lacs

Processing Fee

0.75% of loan amount

1.15% of loan amount

1% of loan amount

Min Rs.1000

Pre-Closure

Nil

NA

Nil

The Kalyan Janata Sahakari Bank charges at the rate of 13.10% per annum interest for the personal loan, While the Bank of Maharashtra charges a lower rate of interest with 11.75 - 12.75% per annum. The Abhyudaya Bank charges 12.50%-13% per annum. The maximum repayment tenure offered by the three banks varies a lot as Kalyan Janata Bank offers upto 60 months, Abhyudaya bank offers highest at 84 months and Bank of Maharashtra lowest at 36 months.

The maximum lending amount by Kalyan Janata Bank is equal to the Abhyudaya Bank at a maximum of Rs.5 lac, While the other competitor Bank of Maharashtra offers maximum upto Rs.1.5 lac only. The processing fee charged by the Kalyan Janata bank is 0.75% of loan amount, lower than the 1.15% by Abhyudaya bank and 1% by Bank of Maharashtra.

Am I Eligible?

  • Applicant should be a resident Indian.
  • Minimum age of the borrower should be at least 21 years at the time of loan application.
  • Maximum age of the borrower should not exceeds 60 years.
  • Applicant can be a salaried employees of Govt. / Semi-Govt. / Reputed Public / Private Ltd. Co. /College / Universities / Public Sector Undertaking.
  • Applicant can be a Businessman, Self-employed,Professionals having regular source of income.
  • Guarantee of two Guarantors with means & income acceptable to Bank.
  • Margin of 10% of proposed expenses to be provided by borrower.

Loan Offerings

Kalyan Suvidha Personal Loan

  • Kalyan Janata Sahakari Bank offers personal loans under Kalyan Suvidha scheme to the salaried and self employed individuals having regular source of the income for their personal expenses upto a maximum of Rs.5 lacs. The maximum repayment tenure can be upto 60 months.
  • The interest rate charged by the bank is 13.10% per annum. Processing charges of Kalyan Janata Bank are 0.75% of the loan amount for loan application processing. However the bank do not charges in case of prepayment of loan.
  • Documents required for Salaried:
    • KYC Documents
    • Income proof
      • Last 6 months salary slip.
      • Form 16/ letter from employer or Last two year ITR.
      • Last 6 months bank statement.
    • 3 passport photographs.
    • Any other document which may be required from case to case.
  • Documents required for Self-Employed:
    • KYC Documents
    • 3 passport photographs
    • Income proof
      • Last three years ITR
      • Balance sheet and Profit & loss statement.
      • Last 6 months bank statement.
    • Any other document which may be required from case to case.

KJSB Personal Loan Rate of Interest

Personal Loan Type Applicable Interest Rate

Kalyan Suvidha Personal Loan

13.10% per annum

How do I apply for KJSB Personal Loan?

At Paisa

    • Click on ''APPLY NOW'' button.
    • Fill the required details such as
      • Required Loan Amount.
      • Objective of your loan.
      • Your monthly income.
      • Select the salaried or self-employed option.
      • Your name, email-id, contact no. etc.
    • Press ''SUBMIT" to continue.

At nearest Kalyan Janata Sahakari Bank Branch:

    • To locate a Kalyan Janata Sahakari Bank branch near you click here. You will find a drop down menu to choose the branches of the bank.
    • Visit the nearest Kalyan Janata Sahakari Bank branch with the necessary documents and ask for an application form for personal loan.
    • Attach all the necessary documents and re-check the application form for confirmation.
    • Submit the application form along with the documents to the Bank Officer.

After I Apply?

Check loan status

  • Through Customer Care
    • Dial 1800-233-1919 toll-free number (9am to 6pm on weekdays) from your registered number.
    • Now wait as IVR connects you to the customer care executive with whom you can query about your loan status.

Fees & Penalties

Type of Charge Applicable Charges

Processing Charges

0.75% of the loan amount

Foreclosure Charges

Nil

The Kalyan Janata Sahakari Bank charges 0.75% of the loan amount as processing charges for the loan application processing. Whereas, the prepayment charges are Nil.

FAQs

Do the bank also finance the loan to self employed?

Yes, the bank do provides personal loans to the self employed Individuals. Self employed and Professionals having regular source of income are eligible to get a personal loan from the Kalyan Janata Sahakari Bank.

Do I have to provide any guarantee to avail personal loan for Kalayan Janta Bank?

Yes. Guarantee of two Guarantors with means & income acceptable to Bank is needed to avail personal loan from Kalyan Janata Sahakari Bank.

Voice your opinion

Rating

Title

Your review

Post and verify yourself with