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Karur Vysya Loan Against Property EMI Calculator

Karur Vysya Bank Mortgage Loan EMI 2021

Last Updated 09th Jul 2021

Get monthly EMI as low as ₹ 1,368 per lakh on Karur Vysya Bank loan against property. Mortgage loan EMI in Karur Vysya Bank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use Karur Vysya Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Karur Vysya Bank property loan EMI for different tenures at the current rate of 9.25%
Loan Amount5 Year Loan7 Year loan9 Year loan
₹ 10 Lakh₹ 20,880₹ 16,216₹ 13,676
₹ 25 Lakh₹ 52,200₹ 40,541₹ 34,189
₹ 40 Lakh₹ 83,520₹ 64,865₹ 54,703
Apply for Loan Against Property @ 7.20%* Get upto ₹ 1,000* Cashback
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Loan Against Property EMI Calculator Karur Vysya Bank

You can calculate your Karur Vysya Bank loan against property EMI in advance to plan your expenses using a Karur Vysya Bank mortgage loan calculator. Karur Vysya Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use Karur Vysya Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With Karur Vysya Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on Karur Vysya Bank loan against property to calculate the EMI. As per the current rates, Karur Vysya Bank offers the lowest EMI per lakh of ₹ 1,368 at 9.25 %
  • Compare Karur Vysya Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using Karur Vysya Bank loan EMI Calculator. On the basis of Karur Vysya Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Karur Vysya Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use Karur Vysya Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

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

To calculate the EMI against Karur Vysya Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Karur Vysya Bank Loan against property EMI calculator. The table below shows the Karur Vysya Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 9.25%.

Karur Vysya Bank Loan against property EMI is calculated for different loan amounts and tenures at 9.25% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 19,205 ₹ 15,438 ₹ 13,738
EMI on ₹ 25,00,000 ₹ 32,008 ₹ 25,730 ₹ 22,897
EMI on ₹ 40,00,000 ₹ 51,213 ₹ 41,168 ₹ 36,635
EMI on ₹ 60,00,000 ₹ 76,820 ₹ 61,752 ₹ 54,952

Factors Affecting Karur Vysya Bank Property Loan EMI

You can calculate Karur Vysya Bank EMI for your loan against property using an online LAP EMI Calculator, which considers 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 on loan against property. You can avail of Karur Vysya Bank loan against property for an amount ranging between ₹ 10,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your Karur Vysya Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, Karur Vysya Bank provides loan against property at rates starting at 9.25%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Karur Vysya Bank loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 9 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of Karur Vysya Bank Loan Against Property 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 9.25% ₹ 13,676 ₹ 41,027 ₹ 68,379
Edelweiss 9.25% ₹ 10,292 ₹ 30,876 ₹ 51,460
Karur Vysya Bank 9.25% ₹ 13,676 ₹ 41,027 ₹ 68,379
Punjab and Sind Bank 9.35% ₹ 11,578 ₹ 34,735 ₹ 57,892
UCO Bank 9.45% ₹ 11,635 ₹ 34,906 ₹ 58,176
Kotak Bank 9.50% ₹ 11,664 ₹ 34,991 ₹ 58,319
PNB 9.50% ₹ 12,940 ₹ 38,819 ₹ 64,699
PNB Housing Finance 9.50% ₹ 9,321 ₹ 27,964 ₹ 46,607
South Indian Bank 9.60% ₹ 11,721 ₹ 35,163 ₹ 58,604
Indian Overseas Bank 9.75% ₹ 16,472 ₹ 49,417 ₹ 82,361
HSBC Bank 9.80% ₹ 10,624 ₹ 31,872 ₹ 53,120

Karur Vysya Loan Against Property Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Loan Against Property of ₹ 20 Lakh from Karur Vysya for 10 years at an interest rate of 9.25%, the EMI calculated for this loan amount would be ₹ 25,607 and the total annual EMIs to be paid annually is ₹ 3,07,279. The Karur Vysya Loan Against Property EMI schedule for 10 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 10 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 91,310 ₹ 62,330 ₹ 1,53,639 ₹ 19,37,670
2022 ₹ 1,73,664 ₹ 1,33,614 ₹ 3,07,279 ₹ 18,04,056
2023 ₹ 1,60,767 ₹ 1,46,512 ₹ 3,07,279 ₹ 16,57,544
2024 ₹ 1,46,625 ₹ 1,60,653 ₹ 3,07,279 ₹ 14,96,891
2025 ₹ 1,31,118 ₹ 1,76,160 ₹ 3,07,279 ₹ 13,20,731
2026 ₹ 1,14,114 ₹ 1,93,164 ₹ 3,07,279 ₹ 11,27,567
2027 ₹ 95,469 ₹ 2,11,809 ₹ 3,07,279 ₹ 9,15,757
2028 ₹ 75,025 ₹ 2,32,254 ₹ 3,07,279 ₹ 6,83,504
2029 ₹ 52,607 ₹ 2,54,672 ₹ 3,07,279 ₹ 4,28,832
2030 ₹ 28,025 ₹ 2,79,254 ₹ 3,07,279 ₹ 1,49,578
2031 ₹ 4,061 ₹ 1,49,578 ₹ 1,53,639 ₹ 0

Each Karur Vysya Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 41.53% of your EMI has been used to repay the principal amount. This means that the remaining 58.47% of the EMI went into interest payment. Thus, you end up paying only 6.38% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to Karur Vysya.

In year 10, the interest component of Karur Vysya EMI is around 4.84%, while the principal component is around 95.16%. Upto 10 years, you have cumulatively repaid 100% of your total Karur Vysya Loan Against Property.

Karur Vysya Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on Karur Vysya Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 9.25%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 9.25% 5 Years ₹ 20,880
₹ 10,00,000 9.25% 10 Years ₹ 12,803
₹ 10,00,000 9.25% 12 Years ₹ 11,522
₹ 10,00,000 9.25% 9 Years ₹ 13,676

Karur Vysya Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows Karur Vysya Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 9.25%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 9.25% 5 Years ₹ 52,200
₹ 25,00,000 9.25% 10 Years ₹ 32,008
₹ 25,00,000 9.25% 12 Years ₹ 28,804
₹ 25,00,000 9.25% 9 Years ₹ 34,189

Karur Vysya Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows Karur Vysya Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.25%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 9.25% 5 Years ₹ 62,640
₹ 30,00,000 9.25% 10 Years ₹ 38,410
₹ 30,00,000 9.25% 12 Years ₹ 34,565
₹ 30,00,000 9.25% 9 Years ₹ 41,027

FAQs

Will the Karur Vysya Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Karur Vysya Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in Karur Vysya Bank LAP EMI are listed as follows:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Karur Vysya Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, Karur Vysya Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case, the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by Karur Vysya Bank, the bank may increase your EMI amount.

Will Karur Vysya Bank Loan Against Property EMI change in case of prepayment?

Similar to all loans, Karur Vysya Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that Karur Vysya Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate Karur Vysya Bank Loan Against Property EMI?

Karur Vysya Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • Karur Vysya Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from Karur Vysya Bank?

You can avail of a maximum loan of ₹ 5,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 40% of the property value. Karur Vysya Bank assesses the property before approving your mortgage loan application.

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

You can pay the Karur Vysya Bank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the Karur Vysya Bank branch to submit the cheque of your EMI.

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

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 9.25% 5 years ₹ 20,880
₹ 10 Lakh 9.25% 10 years ₹ 12,803
₹ 10 Lakh 9.25% 12 years ₹ 11,522
₹ 10 Lakh 9.25% 9 years ₹ 13,676

How is Karur Vysya Bank loan against property EMI calculated?

You can calculate Karur Vysya Bank LAP EMI using the mathematical formula mentioned below or using an online Karur Vysya Bank LAP EMI Calculator.

  • 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 ₹ 20 Lakh Loan against property in Karur Vysya Bank?

To determine different Loan against property EMI Karur Vysya Bank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 9.25% 5 years ₹ 41,760
₹ 20 Lakh 9.25% 10 years ₹ 25,607
₹ 20 Lakh 9.25% 12 years ₹ 23,043
₹ 20 Lakh 9.25% 9 years ₹ 27,352

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

To determine different Karur Vysya Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 9.25% 5 years ₹ 62,640
₹ 30 Lakh 9.25% 10 years ₹ 38,410
₹ 30 Lakh 9.25% 12 years ₹ 34,565
₹ 30 Lakh 9.25% 9 years ₹ 41,027

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

To estimate Karur Vysya Bank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 9.25% 5 years ₹ 1,04,399
₹ 50 Lakh 9.25% 10 years ₹ 64,016
₹ 50 Lakh 9.25% 12 years ₹ 57,608
₹ 50 Lakh 9.25% 9 years ₹ 68,379


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Karur Vysya Loan Against Property News - Jul 2021
  • 2021-06-02 : 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.
  • 2020-01-07 : 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.
  • 2019-03-14 : Karur Vysya Bank raises Rs. 487 crore through Basel-III bonds
    In a bid to fund its growth plans, Karur Vysya Bank has said that it has raised Rs. 487 crore through the issuance of the Basel-III compliant bonds. The bank has allotted 48,700 BASEL-III compliant unsecured, redeemable, non-convertible tier-II bonds in the nature of debenture of Rs. 1,00,000 each aggregating to Rs. 487 crore. The capital was raised on a private placement basis.
  • 2017-09-20 : Karur Vysya Bank inaugurates new branch at Poonamallee
    Private sector lender, Karur Vysya Bank (KVB) has inaugurated its bank branch in Tiruvallur district at Poonamallee. With this inauguration, the bank has a total of 730 branches across India and 44 branches in the city. The branch will offer a comprehensive range of facilities including accounts, deposits and loans including home, gold, personal and loan against property along with the facility of credit cards.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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