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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?
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 8.70%. 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 8.70%.
| Loan Amount (Rs.) | 2 Years | 3 Years | 3 Years |
| 1 Lakh | ₹ 4,555 | ₹ 3,166 | ₹ 3,166 |
| 3 Lakh | ₹ 13,664 | ₹ 9,498 | ₹ 9,498 |
| 5 Lakh | ₹ 22,774 | ₹ 15,830 | ₹ 15,830 |
| 10 Lakh | ₹ 45,547 | ₹ 31,660 | ₹ 31,660 |
Factors Affecting Karur Vysya Bank Personal Loan EMI
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 Bank | 8.70% | ₹ 8,731 | ₹ 43,656 | ₹ 87,312 |
| Andhra Bank | 8.90% | ₹ 8,741 | ₹ 43,703 | ₹ 87,405 |
| Corporation Bank | 8.90% | ₹ 8,741 | ₹ 43,703 | ₹ 87,405 |
| Indian Bank | 8.90% | ₹ 8,741 | ₹ 43,703 | ₹ 87,405 |
| PNB | 8.95% | ₹ 8,743 | ₹ 43,714 | ₹ 87,428 |
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 ₹ 4.50 Lakh for 2 years from Karur Vysya Bank at an interest rate of 8.70%. EMI calculated for this loan amount is ₹ 20,496 and the total annual EMIs to be paid annually is ₹ 2,45,955. The EMI schedule of loan for 2 years is explained below in the table –
Amortization Schedule for a Personal Loan of ₹ 4.50 Lakh over the 2 years
| Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
|---|---|---|---|---|
| 2022 | ₹ 22,550 | ₹ 1,41,420 | ₹ 1,63,970 | ₹ 3,08,580 |
| 2023 | ₹ 17,895 | ₹ 2,28,060 | ₹ 2,45,955 | ₹ 80,520 |
| 2024 | ₹ 1,465 | ₹ 80,520 | ₹ 81,985 | -₹ 0 |
In the above illustration, on a Karur Vysya Bank Personal Loan of₹ 4.50 Lakh, taken at the lowest interest rate of 8.70, EMI paid is ₹ 20,496 and an annual total of EMIs is ₹ 2,45,955, the interest component is ₹ 30,701 while the principal component is ₹ 2,15,254 in year 1 of loan disbursement. You repay only 47.83% 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 8.70%.
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 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 8.70%
| Loan Amount | Interest Rate | Tenure(Year) | EMI |
|---|---|---|---|
| ₹ 1,00,000 | 8.70% | 1 | ₹ 8,731 |
| ₹ 1,00,000 | 8.70% | 2 | ₹ 4,555 |
| ₹ 1,00,000 | 8.70% | 3 | ₹ 3,166 |
| ₹ 1,00,000 | 8.70% | 4 | ₹ 2,474 |
| ₹ 1,00,000 | 8.70% | 5 | ₹ 2,061 |
Karur Vysya Bank Personal Loan EMI for ₹ 3 Lakh
| Loan Amount | Interest Rate | Tenure(Year) | EMI |
|---|---|---|---|
| ₹ 3,00,000 | 8.70% | 1 | ₹ 26,194 |
| ₹ 3,00,000 | 8.70% | 2 | ₹ 13,664 |
| ₹ 3,00,000 | 8.70% | 3 | ₹ 9,498 |
| ₹ 3,00,000 | 8.70% | 4 | ₹ 7,423 |
| ₹ 3,00,000 | 8.70% | 5 | ₹ 6,184 |
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 8.70%.
| Loan Amount | Interest Rate | Tenure(Year) | EMI |
|---|---|---|---|
| ₹ 5,00,000 | 8.70% | 1 | ₹ 43,656 |
| ₹ 5,00,000 | 8.70% | 2 | ₹ 22,774 |
| ₹ 5,00,000 | 8.70% | 3 | ₹ 15,830 |
| ₹ 5,00,000 | 8.70% | 4 | ₹ 12,371 |
| ₹ 5,00,000 | 8.70% | 5 | ₹ 10,307 |
Karur Vysya Bank Personal Loan EMI for ₹ 10 Lakh
| Loan Amount | Interest Rate | Tenure(Year) | EMI |
|---|---|---|---|
| ₹ 10,00,000 | 8.70% | 1 | ₹ 87,312 |
| ₹ 10,00,000 | 8.70% | 2 | ₹ 45,547 |
| ₹ 10,00,000 | 8.70% | 3 | ₹ 31,660 |
| ₹ 10,00,000 | 8.70% | 4 | ₹ 24,743 |
| ₹ 10,00,000 | 8.70% | 5 | ₹ 20,613 |
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.
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. For instance, if you want to avail Karur Vysya Bank personal loan at the lowest rate of 8.70% and your monthly EMI, which comes out at ₹ 3,166 is more than your monthly budget. You have the chance to apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable. In addition, if you already know the EMI you have to pay each month, you can plan your expenses accordingly. Finally, based on the EMI amount, you can opt to make a prepayment of your loan in the 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 8.70% interest rate for a maximum of 36 months, and hence lowest EMI per lakh loan amount is ₹ 3,166. However, Karur Vysya Bank may offer a lower interest rate to you if you hold your salary account with the bank or if you are an existing customer.
✅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 8.70%, 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 ₹ 2,52,750, ₹ 2,64,601 and ₹ 3,01,762 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
| 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 |
MyLoanCare Assurance
Quality Response
- 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.
