Summary. Karnataka Bank offers the personal loan only to the salaried individuals at an interest rate of 12.70% up to a maximum of Rs.5 lac, The maximum loan amount limit is quite low if compared with the peer South Indian Bank offering loans up to Rs.25 lac. The Karnataka Bank offers a repayment tenure of as long as 60 months at maximum and the foreclosure charges in case of prepayment of loan are Nil. The processing charges are 0.50% of …