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Karur Vysya Personal Loan Calculator

Karur Vysya Bank Personal Loan EMI Calculator, Jul 2021

Last Updated 09th Jul 2021

  • Personal loan EMI in Karur Vysya Bank depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.
  • Karur Vysya Bank Personal Loan EMI Calculator is an online tool to estimate monthly EMI and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly EMI is ₹ 3,199 per lakh on Karur Vysya Bank personal loan as calculated using the lowest interest rate of 9.40% for the longest tenure of 36 months.
  • For example, the table below gives the EMIs on Karur Vysya Personal Loan at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan3 Year loan3 Year loan
₹ 1 Lakh₹ 8,764₹ 3,199₹ 3,199
₹ 5 Lakh₹ 43,819₹ 15,993₹ 15,993
₹ 10 Lakh₹ 87,637₹ 31,986₹ 31,986

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Personal Loan EMI Calculator Karur Vysya

Karur Vysya Bank Personal Loan EMI is a fixed amount of money paid by you to Karur Vysya Bank based on your loan amount, tenure and interest rate. Every month, it is due on a fixed day of the month till the loan is fully paid back. You can calculate your Karur Vysya Bank personal loan EMI in advance, to plan your loan payments and further expenses, using the Personal Loan EMI Calculator Karur Vysya. The calculator functions on a mathematical algorithm and gives accurate results in no time.

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

  • Calculate the EMI within your budget: Helps you compare the EMIs with a different loan amount and tenure. Always talk to the bank to know the interest rate you will be eligible for Karur Vysya Bank personal loan which can range between 9.40% to 19.00%.
  • Compare Karur Vysya Bank personal Loan EMI: Helps you compare the estimated EMI on a personal loan from Karur Vysya Bank with that of leading banks in India using the same loan amount of upto ₹ 10 Lakh for a maximum tenure of 36 months, but at different interest rates.
  • Calculate interest on Karur Vysya Bank personal loan: You can calculate the split of total EMIs into interest and principal repayment on your loan from Karur Vysya over the loan tenure.
  • Detailed amortisation schedule: This allows you to see the pace at which your principal amount will be repaid during the loan tenure month on month. This is helpful if you decide to prepay your loan at Karur Vysya or balance transfer to another bank.

Karur Vysya Bank Personal Loan EMI Calculator to Estimate the EMI that Fits your Budget

Input different loan amounts and tenure at the eligible interest rate on Karur Vysya Bank Personal Loan EMI calculator to calculate various EMIs at different rates and tenure. The table captures the calculation of Karur Vysya Bank Personal Loan EMI Calculation at the various combinations of loan amount and years when taking at the lowest rate of 9.40%. So if you think that you can afford to pay an EMI of ₹ 10,000 in your budget, taking a ₹ 3 Lakh loan for 3 years or ₹ 5 Lakh loan for 5 years, maybe the right Karur Vysya Bank personal loan plan for you.Personal Loan EMI is calculated for Karur Vysya for different loan amounts and tenures at the rate of 9.40%.

Loan Amount (Rs.)2 Years3 Years3 Years
1 Lakh ₹ 4,587 ₹ 3,199 ₹ 3,199
3 Lakh ₹ 13,761 ₹ 9,596 ₹ 9,596
5 Lakh ₹ 22,934 ₹ 15,993 ₹ 15,993
10 Lakh ₹ 45,868 ₹ 31,986 ₹ 31,986

Factors Affecting Karur Vysya Bank Personal Loan EMI

  • Loan amount – You will pay a higher EMI for the higher loan amount. Karur Vysya Bank gives a minimum loan of ₹ 50,000 and a maximum loan amount of ₹ 10 Lakh.
  • Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. Karur Vysya Bank personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by Karur Vysya Bank is 9.40%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
  • Loan tenure – This is the period over which you can repay your loan in Karur Vysya Bank. So, your EMI will be lower if you take a 36months loan from Karur Vysya Bank as compared to a loan taken for 12months. The logic being that if you get a longer period to repay, you can repay in a smaller instalment.

Comparison of Karur Vysya Bank Personal Loan EMI with other Banks

Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 5 Lakh Loan Amount of ₹ 10 Lakh
Karur Vysya Bank9.40% ₹ 8,764 ₹ 43,819 ₹ 87,637
Bank of Maharashtra 9.55% ₹ 8,771 ₹ 43,853 ₹ 87,707
SBI 9.60% ₹ 8,773 ₹ 43,865 ₹ 87,730
HDFC Bank 10.25% ₹ 8,803 ₹ 44,016 ₹ 88,032
Kotak Bank 10.25% ₹ 8,803 ₹ 44,016 ₹ 88,032

Karur Vysya Bank Personal Loan Amortization Calculator

Karur Vysya Bank Personal 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 Personal Loan of ₹ 3 Lakh for 5 years from Karur Vysya Bank at an interest rate of 9.40%. EMI calculated for this loan amount is ₹ 6,286 and the total annual EMIs to be paid annually is ₹ 75,431. The EMI schedule of loan for 5 years is explained below in the table –

Amortization Schedule for a Personal Loan of ₹ 3 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 13,633 ₹ 24,083 ₹ 37,715 ₹ 2,75,917
2022 ₹ 23,747 ₹ 51,684 ₹ 75,431 ₹ 2,24,233
2023 ₹ 18,674 ₹ 56,757 ₹ 75,431 ₹ 1,67,477
2024 ₹ 13,103 ₹ 62,328 ₹ 75,431 ₹ 1,05,149
2025 ₹ 6,985 ₹ 68,446 ₹ 75,431 ₹ 36,703
2026 ₹ 1,013 ₹ 36,703 ₹ 37,715 ₹ 0

In the above illustration, on a Karur Vysya Bank Personal Loan of₹ 3 Lakh, taken at the lowest interest rate of 9.40, EMI paid is ₹ 6,286 and an annual total of EMIs is ₹ 75,431, the interest component is ₹ 26,111 while the principal component is ₹ 49,320 in year 1 of loan disbursement. You repay only 16.44% of the total principal after paying 12 EMIs during the first year.

Karur Vysya Bank Personal Loan Interest Calculator Formula

Karur Vysya Bank calculates personal loan EMI based on the following formula

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

Here is an illustration of how Karur Vysya Bank Personal Loan EMI is calculated:

In the above formula,

P = Loan amount.Karur Vysya Bank personal loan amount can range from ₹ 50,000 to ₹ 10 Lakh.

r = Rate of interest per month. The current Karur Vysya Bank Personal Loan rate is 9.40%.
n = Tenure in month. This can range up to 36months in case of Karur Vysya Bank.

How to use Karur Vysya Bank Personal Loan EMI Calculator

  • Karur Vysya Bank personal loan calculator are online tool which give out EMI calculations using a combination of loan amount, interest rate and loan tenure.
  • Karur Vysya Bank EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears meaning interest is charged for the month preceding the EMI payment date and not in advance.

Karur Vysya Bank Personal Loan EMI for ₹ 1 Lakh

The following table shows Karur Vysya Bank Personal Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 9.40%

Loan AmountInterest RateTenure(Year)EMI
₹ 1,00,0009.40% 1₹ 8,764
₹ 1,00,0009.40% 2₹ 4,587
₹ 1,00,0009.40% 3₹ 3,199
₹ 1,00,0009.40% 4₹ 2,508
₹ 1,00,0009.40% 5₹ 2,095

Karur Vysya Bank Personal Loan EMI for ₹ 3 Lakh

The following table shows Karur Vysya Bank Personal Loan EMI for ₹ 3,00,000 for different tenures at an interest rate of 9.40%.

Loan AmountInterest RateTenure(Year)EMI
₹ 3,00,0009.40% 1₹ 26,291
₹ 3,00,0009.40% 2₹ 13,761
₹ 3,00,0009.40% 3₹ 9,596
₹ 3,00,0009.40% 4₹ 7,523
₹ 3,00,0009.40% 5₹ 6,286

Karur Vysya Bank Personal Loan EMI for ₹ 5 Lakh

The following table shows Karur Vysya Bank Personal Loan EMI for ₹ 5,00,000 for different tenures at an interest rate of 9.40%.

Loan AmountInterest RateTenure(Year)EMI
₹ 5,00,0009.40% 1₹ 43,819
₹ 5,00,0009.40% 2₹ 22,934
₹ 5,00,0009.40% 3₹ 15,993
₹ 5,00,0009.40% 4₹ 12,538
₹ 5,00,0009.40% 5₹ 10,477

Karur Vysya Bank Personal Loan EMI for ₹ 10 Lakh

The following table shows Karur Vysya Bank Personal Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 9.40%.

Loan AmountInterest RateTenure(Year)EMI
₹ 10,00,0009.40% 1₹ 87,637
₹ 10,00,0009.40% 2₹ 45,868
₹ 10,00,0009.40% 3₹ 31,986
₹ 10,00,0009.40% 4₹ 25,075
₹ 10,00,0009.40% 5₹ 20,953

How to Pay Karur Vysya Bank Personal Loan EMI?

There are various online & offline methods to pay your Karur Vysya Bank Personal Loan EMI. To repay your Karur Vysya Bank EMI online, you can log in to your net banking account or else you can also use the mobile banking of Karur Vysya Bank. Karur Vysya Bank also allows you to pay EMI through ECI or standing instructions or a cheque facility by visiting the nearest Karur Vysya Bank branch.

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FAQs

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

It is advised to calculate personal loan EMI in advance before taking a personal loan. There are several benefits of calculating your Karur Vysya Bank personal loan EMI 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 that fits your monthly budget and makes EMI easily affordable
  • If you already know the EMI you have to pay each month, then you can plan your expenses accordingly
  • Based on the EMI amount, you can opt for making prepayment of your personal loan in future when you have a surplus amount

What is the lowest EMI per lakh offered by Karur Vysya Bank on a personal loan?

Karur Vysya Bank offers a personal loan at a 9.40% interest rate for a maximum of 36 months, and hence lowest EMI per lakh loan amount is ₹ 3,199. However, Karur Vysya Bank may offer a lower interest rate and EMI for their salary account holders or existing bank customers can vary.

How can I pre-close Karur Vysya Bank personal loan?

You can pre-close your Karur Vysya Bank personal loan by visiting the branch with the required set of documents. Submit the form of preclosure, pay the amount and take the acknowledgement of the balance amount that you have paid.

What are the prepayment charges on Karur Vysya Bank ?

Karur Vysya Bank offers you an option of prepayment after 0 months at Nil prepayment charges.You have to pay these charges if you decide to pay the loan amount before the due date.

Is there any processing charge on a personal loan from Karur Vysya Bank?

Yes, Karur Vysya Bank charges a certain amount of processing fee to process your loan application. Currently, Karur Vysya Bank charges a processing fee of 0.40% on a Personal Loan.

Will I get a personal loan from Karur Vysya Bank if I have a bad credit score?

No, for taking a loan from Karur Vysya Bank, you must have a good credit score of 700 and above. Usually, most banks avoid giving loans if you have a low credit score.Also, availing a personal loan at low cibil score might fetch you a high Karur Vysya Bank personal loan rate.

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

At the current rate of 9.40%, EMI on Karur Vysya Bank personal loan for loan amount ₹ 20 Lakh varies based on the loan tenure. For instance, for 2 year, 3 year and 6 years, EMI is ₹ 2,35,507, ₹ 2,47,329 and ₹ 2,84,537 respectively.

Can I have a co-applicant while applying for a Personal loan with Karur Vysya Bank ?

Yes, you can opt for a co-applicant to take a personal loan from Karur Vysya Bank that will increase your loan eligiblity as the income of the co-applicant is also taken into account.

Can we pay more than EMI in Karur Vysya Bank personal loan?

If you have funds, then you can pay more than the regular EMI on your Karur Vysya Bank Personal Loan. This will reduce your interest burden along with the outstanding principal. You can also pay one additional EMI every year to reduce loan tenure and in turn interest amount.

How can I pay my Karur Vysya Bank loan EMI?

You can pay the Karur Vysya Bank personal Loan EMI by using the ECS facility or standing instruction. You can also visit the branch and submit the EMI cheque or can opt for automated deductions from your salary account.

Compare Personal Loan EMI of All Banks

Karur Vysya Bank Personal Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1860-200-1916
Ahmedabad 1860-200-1916
Ambala 1860-200-1916
Anand 1860-200-1916
Aurangabad Bihar 1860-200-1916
Bangalore 080-26623206
Bhilai 1860-200-1916
Bhilwara 1860-200-1916
Bhiwadi 1860-200-1916
Bhopal 1860-200-1916
Bhubaneswar Cuttack 1860-200-1916
Bikaner 1860-200-1916
Chandigarh 1860-200-1916
Chennai 044-24314418
Cochin 0422-2393986
Coimbatore 0422- 2393986
Dehradun 1860-200-1916
Delhi 011- 28714062
Durg 1860-200-1916
Faridabad 1860-200-1916
Gandhinagar 1860-200-1916
Ghaziabad 1860-200-1916
Goa 1860-200-1916
Greater Noida 1860-200-1916
Gurgaon 1860-200-1916
Guwahati 1860-200-1916
Gwalior 1860-200-1916
Hyderabad 040- 23206063
Indore 1860-200-1916
Jabalpur 1860-200-1916
Jaipur 1860-200-1916
Jalandhar 1860-200-1916
Jodhpur 1860-200-1916
Kanpur 1860-200-1916
Karnal 1860-200-1916
Kolhapur 1860-200-1916
Kolkata 033- 22900749
Kota 1860-200-1916
Kozhikode 1860-200-1916
Lucknow 1860-200-1916
Ludhiana 1860-200-1916
Madurai 0452-2604734
Meerut 1860-200-1916
Mehsana 1860-200-1916
Mohali Sas Nagar 1860-200-1916
Mumbai 022- 24367021
Mussoorie 1860-200-1916
Nagpur 1860-200-1916
Nashik 1860-200-1916
Noida 1860-200-1916
Noida Extn 1860-200-1916
Panipat 1860-200-1916
Patna 1860-200-1916
Pondicherry 1860-200-1916
Pune 1860-200-1916
Raipur 1860-200-1916
Rajkot 1860-200-1916
Ranchi 1860-200-1916
Rohtak 1860-200-1916
Roorkee 1860-200-1916
Salem 0427-2440075
Shimla 1860-200-1916
Sonipat 1860-200-1916
Surat 1860-200-1916
Trichy 0431- 2412459
Udaipur 1860-200-1916
Vadodara 1860-200-1916
Varanasi 1860-200-1916
Vijaywada 0866-2485703
Vizag 1860-200-1916

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Karur Vysya Personal Loan News - Jul 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.
  • 2018-07-25 : Karur Vyasa Bank reports Q1 result, net profit slumps 69%
    Karur Vyasa Bank reports 69% decline in net profit at Rs 45.9 crore against Rs 148 crore a year ago. Net Non-Performing Asset (NPA) grew by 4.50% against 2.85% the previous year. Meanwhile, the net interest income was up 583.9 crores compared to 538.6 crores previous year.
*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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