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Karur Vysya Home Loan EMI Calculator

Karur Vysya Home Loan Calculator

Last Updated 02nd Jun 2021

  • Karur Vysya Bank home loan EMI per ₹ 1 Lakh is ₹ 736, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Karur Vysya Bank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Karur Vysya Bank home loan before applying. Use an online Karur Vysya Bank loan EMI calculator to estimate your EMI.
  • Check Karur Vysya Bank home loan EMI for different tenures at the current Karur Vysya Bank home loan interest rate of 7.45%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 10 Lakh₹ 11,844₹ 9,242₹ 7,357
    ₹ 20 Lakh₹ 23,688₹ 18,483₹ 14,715
    ₹ 30 Lakh₹ 35,532₹ 27,725₹ 22,072
    ₹ 50 Lakh₹ 59,220₹ 46,209₹ 36,787

    Jump to EMI Calculator

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Karur Vysya Home Loan EMI Calculator Online

Karur Vysya Bank Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure and interest rate. You can calculate your Karur Vysya Bank housing loan EMI in advance to plan your loan payments and expenses using a Karur Vysya Bank home loan calculator. Karur Vysya Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use Karur Vysya Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Karur Vysya Bank offers the lowest EMI per lakh at . To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for Karur Vysya Bank home loan.
  • Compare Karur Vysya Bank Home Loan EMI: With Karur Vysya Bank home loan EMI Calculator, you can also estimate EMI on your home loan from Karur Vysya Bank with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

Karur Vysya Bank Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Karur Vysya Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of Karur Vysya Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 7.45%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Karur Vysya Bank Home loan plan for you.

Karur Vysya Bank home loan EMI is calculated for different loan amounts and tenures at 7.45% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 23,104 ₹ 20,063 ₹ 17,395
₹ 50 Lakh ₹ 46,209 ₹ 40,127 ₹ 34,790
₹ 75 Lakh ₹ 69,313 ₹ 60,190 ₹ 52,185
₹ 1 Cr ₹ 92,417 ₹ 80,254 ₹ 69,579

Benefits of using Karur Vysya Bank Home Loan EMI Calculator

Karur Vysya Bank Home Loan Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate and tenure. Thus, using Karur Vysya Bank Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare Karur Vysya Bank Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting Karur Vysya Bank Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI Karur Vysya Bank gives a minimum home loan of ₹ 15,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your Karur Vysya Bank housing loan EMI which will increase the total cost of the loan. Karur Vysya Bank current home loan interest rate starts at 7.45%. Do a complete market research and compare rates and calculate EMI online using Karur Vysya Bank home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in Karur Vysya Bank. Your EMI will be lower if you take a 0 years loan from Karur Vysya Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Karur Vysya Home Loan EMI Calculator Formula

Karur Vysya Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Karur Vysya Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Karur Vysya Bank home loan amount can range from ₹ 15,00,000 to ₹ 5,00,00,000
  • r = Rate of interest per month. Current Karur Vysya Bank housing loan rate 7.45%.
  • n = tenure in month. For Karur Vysya Bank, maximum home loan tenure is 360 months

Comparison of Karur Vysya Bank Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Karur Vysya Bank 7.45% ₹ 6,958 ₹ 20,874 ₹ 34,790
HDFC 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
ICICI Bank 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
SBI 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
LIC Housing Finance 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

Karur Vysya Bank Home Loan Amortization Calculator

Karur Vysya Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Karur Vysya Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 25 Lakh for 25 years from Karur Vysya Bank at an interest rate of 7.45%. EMI calculated for this loan amount is ₹ 18,394 and the total annual EMIs to be paid annually is ₹ 2,20,723. The EMI schedule of loan for 25 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 25 Lakh over the 25 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 1,08,267 ₹ 20,487 ₹ 1,28,755 ₹ 24,79,513
2022 ₹ 1,83,469 ₹ 37,254 ₹ 2,20,723 ₹ 24,42,259
2023 ₹ 1,80,597 ₹ 40,126 ₹ 2,20,723 ₹ 24,02,133
2024 ₹ 1,77,503 ₹ 43,220 ₹ 2,20,723 ₹ 23,58,913
2025 ₹ 1,74,171 ₹ 46,552 ₹ 2,20,723 ₹ 23,12,361
2026 ₹ 1,70,582 ₹ 50,141 ₹ 2,20,723 ₹ 22,62,220
2027 ₹ 1,66,716 ₹ 54,007 ₹ 2,20,723 ₹ 22,08,214
2028 ₹ 1,62,552 ₹ 58,170 ₹ 2,20,723 ₹ 21,50,043
2029 ₹ 1,58,068 ₹ 62,655 ₹ 2,20,723 ₹ 20,87,388
2030 ₹ 1,53,237 ₹ 67,486 ₹ 2,20,723 ₹ 20,19,903
2031 ₹ 1,48,034 ₹ 72,689 ₹ 2,20,723 ₹ 19,47,214
2032 ₹ 1,42,430 ₹ 78,293 ₹ 2,20,723 ₹ 18,68,922
2033 ₹ 1,36,394 ₹ 84,329 ₹ 2,20,723 ₹ 17,84,593
2034 ₹ 1,29,892 ₹ 90,830 ₹ 2,20,723 ₹ 16,93,762
2035 ₹ 1,22,889 ₹ 97,833 ₹ 2,20,723 ₹ 15,95,929
2036 ₹ 1,15,347 ₹ 1,05,376 ₹ 2,20,723 ₹ 14,90,554
2037 ₹ 1,07,223 ₹ 1,13,500 ₹ 2,20,723 ₹ 13,77,054
2038 ₹ 98,472 ₹ 1,22,250 ₹ 2,20,723 ₹ 12,54,803
2039 ₹ 89,047 ₹ 1,31,676 ₹ 2,20,723 ₹ 11,23,128
2040 ₹ 78,895 ₹ 1,41,827 ₹ 2,20,723 ₹ 9,81,300
2041 ₹ 67,961 ₹ 1,52,762 ₹ 2,20,723 ₹ 8,28,538
2042 ₹ 56,183 ₹ 1,64,539 ₹ 2,20,723 ₹ 6,63,999
2043 ₹ 43,498 ₹ 1,77,225 ₹ 2,20,723 ₹ 4,86,774
2044 ₹ 29,834 ₹ 1,90,889 ₹ 2,20,723 ₹ 2,95,885
2045 ₹ 15,117 ₹ 2,05,606 ₹ 2,20,723 ₹ 90,279
2046 ₹ 1,688 ₹ 90,279 ₹ 91,968 ₹ 0

In the above illustration, on a Karur Vysya Bank Home Loan of₹ 25 Lakh, taken at the lowest interest rate of 7.45, EMI paid is ₹ 18,394 and an annual total of EMIs is ₹ 2,20,723, the interest component is ₹ 1,85,048 while the principal component is ₹ 35,674 in year 1 of loan disbursement. You repay only 1.43% of the total principal after paying 12 EMIs during the first year.

Karur Vysya Bank Home Loan EMI for ₹ 10 Lakh

The following table shows Karur Vysya Bank Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 7.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 7.45% 5 Years ₹ 20,014
₹ 10,00,000 7.45% 10 Years ₹ 11,844
₹ 10,00,000 7.45% 15 Years ₹ 9,242
₹ 10,00,000 7.45% 20 Years ₹ 8,025
₹ 10,00,000 7.45% 0 Years

Karur Vysya Bank Home Loan EMI for ₹ 20 Lakh

The following table shows Karur Vysya Bank Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 7.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 7.45% 5 Years ₹ 40,028
₹ 20,00,000 7.45% 10 Years ₹ 23,688
₹ 20,00,000 7.45% 15 Years ₹ 18,483
₹ 20,00,000 7.45% 20 Years ₹ 16,051
₹ 20,00,000 7.45% 0 Years

Karur Vysya Bank Home Loan EMI for ₹ 30 Lakh

The following table shows Karur Vysya Bank Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 7.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 7.45% 5 Years ₹ 60,043
₹ 30,00,000 7.45% 10 Years ₹ 35,532
₹ 30,00,000 7.45% 15 Years ₹ 27,725
₹ 30,00,000 7.45% 20 Years ₹ 24,076
₹ 30,00,000 7.45% 0 Years

Karur Vysya Bank Home Loan EMI for ₹ 50 Lakh

The following table shows Karur Vysya Bank Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 7.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 7.45% 5 Years ₹ 1,00,071
₹ 50,00,000 7.45% 10 Years ₹ 59,220
₹ 50,00,000 7.45% 15 Years ₹ 46,209
₹ 50,00,000 7.45% 20 Years ₹ 40,127
₹ 50,00,000 7.45% 0 Years

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FAQs

Will the Karur Vysya Bank home loan EMI remain constant or change in future?

No, your Karur Vysya Bank Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the Karur Vysya Bank Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in Karur Vysya Bank interest rate?

Karur Vysya Bank offers floating rate home loans only. If you take a floating rate loan from Karur Vysya Bank, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your Karur Vysya Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Karur Vysya Bank home loan EMI change in case of prepayment?

Karur Vysya Bank allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your Karur Vysya Bank home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the Karur Vysya Bank home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using Karur Vysya Bank home loan calculator.

Why should I calculate Karur Vysya Bank loan EMI before taking a loan?

It is advised to calculate Karur Vysya Bank home loan EMI before taking a home loan. There are several benefits of calculating your Karur Vysya Bank housing loan EMI which can be done using Karur Vysya Bank loan calculator Karur Vysya Bank housing loan EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make Karur Vysya Bank EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator Karur Vysya Bank.

What is the EMI for home loan in Karur Vysya Bank?

The Karur Vysya Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Karur Vysya Bank home loan calculator. Based on the lowest rate of 7.45% and maximum tenure of 25 years, the Karur Vysya Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 7,357
₹ 12 Lakh ₹ 8,829
₹ 15 Lakh ₹ 11,036
₹ 30 Lakh ₹ 22,072
₹ 50 Lakh ₹ 36,787

You can compare Karur Vysya Bank home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a Karur Vysya Bank Housing Loan EMI calculator?

Online Karur Vysya Bank housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The Karur Vysya Bank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Karur Vysya Bank Home loan EMI Online?

To pay the EMI of Karur Vysya Bank home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is Karur Vysya Bank home loan EMI calculated?

The Karur Vysya Bank Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

What is the EMI for ₹ 10 Lakh home loan in Karur Vysya Bank?

You can use a 10 lakh home loan emi calculator Karur Vysya Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 7.45% 10 years loan ₹ 11,844
₹ 10 Lakh 7.45% 15 years loan ₹ 9,242
₹ 10 Lakh 7.45% 20 years loan ₹ 8,025

What is the EMI for ₹ 20 Lakh home loan in Karur Vysya Bank?

You can use a 20 lakh home loan emi calculator Karur Vysya Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 7.45% 10 years loan ₹ 23,688
₹ 20 Lakh 7.45% 15 years loan ₹ 18,483
₹ 20 Lakh 7.45% 20 years loan ₹ 16,051

What is the EMI for ₹ 30 Lakh home loan in Karur Vysya Bank?

You can use a 30 lakh home loan emi calculator Karur Vysya Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 7.45% 10 years loan ₹ 35,532
₹ 30 Lakh 7.45% 15 years loan ₹ 27,725
₹ 30 Lakh 7.45% 20 years loan ₹ 24,076

What is the EMI for ₹ 50 Lakh home loan in Karur Vysya Bank?

You can use a 50 lakh home loan emi calculator Karur Vysya Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 7.45% 10 years loan ₹ 59,220
₹ 50 Lakh 7.45% 15 years loan ₹ 46,209
₹ 50 Lakh 7.45% 20 years loan ₹ 40,127

What is the EMI for a 25 lakhs home loan in Karur Vysya Bank and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator Karur Vysya Bank:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 7.45% 10 years loan ₹ 29,610
₹ 25 Lakh 7.45% 15 years loan ₹ 23,104
₹ 25 Lakh 7.45% 20 years loan ₹ 20,063

What is the EMI for 12 lakhs home loan in Karur Vysya Bank?

A borrower will pay ₹ 12,630 if he/she takes a loan for 12 years at an interest rate of 7.45%. The 12 lakh home loan emi Karur Vysya Bank may vary across Karur Vysya Bank home loan interest rate.

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Karur Vysya Home Loan News - Jun 2021
  • 2021-06-01 : Karur Vysya Bank posted 24% growth in Q4 net
    Karur Vysya Bank posted a 24% rise in its net profit at Rs 104 crore in the last quarter of the fiscal ended March 2021. The profit was boosted by retail loans home, LAP, personal, two-wheeler, car education and doctor loan along with business and mudra loan. The lender credit growth during the year was higher at 8.87% and gross advances reached Rs 52,820 crore.
  • 2020-07-30 : Karur Vysya Bank reported a net profit of Rs. 105.50 crore
    Karur Vysya Bank reported a 45% increase in net profit at Rs 105.50 crore in the first quarter ended June. The company has reported total income bolstered by retails loans like home, personal, gold, car and two-wheeler loans along with the Business and mudra loans of Rs.1693.23 crores during the period ended June 30, 2020, as compared to Rs.1803.15 crores during the period ended March 31, 2020.
  • 2020-01-07 : Karur Vysya Bank revised MCLR
    The overnight, one-month, three-months MCLR of Karur Vysya Bank is kept unchanged and stands at 8.30%, 8.40%, 8.55%, respectively. While six-months and 1 year MCLR is cut by 10 bps to 9% and 9.30%. The revised rates are in effect from 7 January 2020. The cut in MCLR will impact home loans and loans against property.
  • 2019-05-09 : Karur Vysya Bank keen to adopt digital innovation for ensuring customer satisfaction
    Karur Vysya Bank concentrates on accepting digital innovation for ensuring maximum customer satisfaction. Following this, the lender has implemented booking of all retail loans including housing loans and car loans under digital technologies wherein the loan borrowers can book a loan on their own in less than a minute. So far, the bank has launched nearly 24 products under retail loans category and five products under commercial category purely online including documentation.
  • 2018-10-31 : Karur Vysya Bank clocks 11% rise in Q2 net profit
    Karur Vysya Bank has clocked 11% in its standalone net profit at Rs 84 crore for the quarter ended September against Rs 76 crore in the previous year. Net interest income stood at Rs 579 compared to Rs 555 crore in the same period last fiscal with a slow loan growth of 7% year on year. Provisions and contingencies fell sharply at Rs 213 crore.
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