Karur Vysya Bank, a leading private sector bank in India, offers a comprehensive range of personal loan products to meet the needs of individuals and businesses. With their innovative banking services and promoting financial inclusion, it offers personal loans that are available for a variety of purposes.
You can choose your loan amount up to Rs. 25 lakh with a repayment tenure ranging to up to 72 months that fits your budget, and let their competitive interest rates ease the journey. Breathe easy, and focus on chasing your dreams, backed by Karur Vysya Bank's support.
Banks offer loans for diverse purposes, each accompanied by specific rates, charges, and interest rates crucial for informed decision-making. Explore the table below for comprehensive details on Karur Vysya Bank Personal Loan interest rates and associated fees to make well-informed financial choices.
|Starting at 9.75% p.a.(based on type of loan)
|Up to 25 lakh (Based on the type of loan)
|Up to 72 months
|Up to 3%
Karur Vysya Bank Personal Loan Interest Rates & Charges provide essential information regarding the costs associated with borrowing, including interest rates and additional fees. This detailed breakdown is crucial for borrowers, enabling them to assess affordability when considering a personal loan from Karur Vysya Bank.
|Starting at 9.75% p.a.
|Up to 3%
|Up to 2% of the overdue amount.
|Up to Rs 500
|1% to 4% of the outstanding loan amount depending on the remaining loan tenure.
Karur Vysya Bank Personal Loan Eligibility introduces the essential criteria individuals need to meet for loan approval, encompassing factors like age, income, credit history, and employment status. Clear understanding and fulfilment of these requirements are key steps while taking a personal loan.
|General Eligibility Criteria
|21 - 65 years
|Salaried or Self Employed
|Employed/ In business for 2 years min and at least 1 year with current employee
|Rs 20,000 (varies according to place)
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With the right set of tools, calculating your EMI for your personal loan from Karur Vysya bank can become easy. Calculating correctly will help you plan your monthly payments in advance and lets you be ahead of the payments.
The Karur Vysya Bank Personal Loan EMI Calculator offers individuals a user-friendly platform to predict their monthly repayment commitments based on specific loan parameters. This distinctive feature enhances financial planning, providing a clear understanding of the financial implications associated with a personal loan from Karur Vysya Bank.
Easily plan your budget and make informed decisions by entering your loan amount, interest rate, and term to get an instant monthly instalment estimate.
Different candidates might require different types of documentation but understanding the basics can help ease the loan application process. Karur Vysya Bank Personal Loan Eligibility outlines the essential criteria, including age, income, credit history, and employment, for prospective borrowers.
|PAN Card, Voter ID, Driving License, Passport
|Valid identity/Residence/Signature proof
|Refer below table for detailed info.
|Two passport size photograph
Documents Based on Employment status-
|Interest Rates(p.a.) based on your CIBIL score
|Jewel Loan/ Overdraft
|9.75% to 10.50% p.a.
|Personal Loan Corporate
|10.15% p.a. to 12.90% p.a.
|Personal loan (Unsecured)
|Personal loan (Secured)
|Buy Now Pay Later (Amazon)
|Up to 24% p.a.
Compare Karur Vysya Bank Personal Loan interest rate & its corresponding charges with others by looking at factors like interest rates and other fees. With lower interest rates it can result in lower monthly EMIs making the loan more affordable. This helps you make a straightforward choice that suits your financial needs.
|Karur Vysya Bank
|Starting at 9.75% p.a.
|Up to 3%
|11.40% - 15.50 %p.a
|Up to 1%.
|Starting at 11.55% p.a
|Up to 3%
|Up to 1.50%
|Up to 2.50%
|10.75% p.a onwards
|Up to 2.50%
|9.99% p.a. To 16.49% p.a.
|0.25% to 3.00%
|1.5% to 2%
|10.99% p.a onwards
|2.50% (one-time fee)
|11.49% p.a. To 23% p.a.
Read LessNote- The interest rates are dynamic and subject to change based on your credit history and creditworthiness.
Looking for a personal loan?
Karur Vysya Bank Personal Loan stands out with its versatile features, offering a blend of everything for individual needs. Their features and benefits are:
Both secured and
unsecured loans, offering
options for borrowers
Enjoy a tenure of
up to 72 months
Enjoy interest rates
starting at 9.75% p.a.
application process and swift
Apply online for a quick
and hassle-free experience.
Access support and manage
your loan through Karur
Vysya Bank's extensive
Karur Vysya Bank offers a diverse and unique selection of personal loans to generate the ideal financial solution for all your needs.
Goal: Avail gold loans easily to finance your needs. KVB bank offers jewel loans in the form of overdraft (Swarnamitra) and Short-Term Loans (Jewel Loan - Non-Agri / Personal).
Goal: This loan is especially designed for reliable individuals like permanent employees of respected companies, schools, or government institutions. It aims to ease your financial burden, whether you need to cover medical costs, support your family's education, or make home improvements.
Goal: This loan is designed to meet any personal needs that may arise during emergencies. The loan is paperless and gets sanctioned within 15 minutes if all the criteria is met.
Apply for a Personal loan now!
Goal: This KVB loan offers a helping hand for both personal and business needs, big or small. Whether it's a sudden medical bill or an unexpected business opportunity, you get to choose how you pay it back – either through convenient instalments or a lump sum at the end. It's financial flexibility tailored to your situation.
Goal: Amazon Buy Now Pay Later offers a digital credit solution for customers seeking a hassle-free way to finance their Amazon purchases with flexible repayment terms.
Here’s the step-by-step process that you can follow to apply for Karur Vysya Bank personal loan on Buddy Loan:
Ready to take the next step? Apply for a Personal loan now!
The maximum loan amount depends on the specific Karur Vysya Bank loan you choose, but it can reach up to Rs 25 lakhs for their PL Secured Loan & 10 lakhs PL Unsecured Loan, while their Jewel Loan goes up to Rs 40 lakhs.
Yes, you can absolutely make extra payments towards your Karur Vysya Bank Personal Loan to pay it off faster
Repayment periods for Karur Vysya Bank personal loans vary, but you can choose options ranging up to 72 months for most personal loan types. The specific choice depends on your loan amount and preference.
While Karur Vysya Bank doesn't explicitly mention a grace period for personal loan repayments in their standard terms.
Interest rates for Karur Vysya Bank personal loans are variable and depend on individual factors like creditworthiness, loan amount, and tenure. They start from 9.75% p.a. but your actual rate could be higher or lower.
No, there are generally no direct tax benefits associated with repaying personal loans from Karur Vysya Bank or any other lender in India. Personal loans fall under the category of "unsecured loans," and the interest paid on them isn't deductible from your taxable income under Section 24(b) of the Income Tax Act, 1961.
Yes, you can definitely settle or prepay your personal loan before the end of the tenure with Karur Vysya Bank.
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