MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Personal Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Personal Loan - Karur Vysya Bank vs ICICI Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
9.40% - 19.00%
10.50% - 22.00%
Processing Fees
Processing Fees
0.40%
Upto 2.25% of Loan Amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 10 Lakh
₹ 50,000 to ₹ 30 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,199
₹ 2,149
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil prepayment charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 6 months at 5%
Eligible Age
Eligible Age
25 to 60 Years
23 to 58 Years
Minimum Income
Minimum Income
₹ 20,000
₹ 25,000
Current Work Experience
Current Work Experience
12 Months
12 Months
Total Work Experience
Total Work Experience
24 Months
24 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
Add Bank

Compare EMI of Karur Vysya Bank and ICICI Bank Personal Loan

Loan Amount Karur Vysya Bank ICICI Bank
₹ 1 Lakh ₹ 3,199 ₹ 2,149
₹ 5 Lakh ₹ 15,993 ₹ 10,747
₹ 10 Lakh ₹ 31,986 ₹ 21,494
₹ 12 Lakh ₹ 38,383 ₹ 25,793

Which is a better bank for Personal Loan – Karur Vysya Bank or ICICI Bank?

ICICI Bank offers lower Personal Loan EMI at 2149 on a Personal Loan for 60 Months as compared to Karur Vysya Bank with a minimum EMI of 3199 for 36 Months. Average customer ratings for ICICI Bank is currently at 4.5/5.0 which makes it a good choice for taking a Personal Loan.

How does Karur Vysya Bank Personal Loan compare with ICICI Bank Personal Loan?

It is important to do a detailed comparison of Karur Vysya Bank and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Karur Vysya Bank Personal Loan is 9.40%, which is lower than the lowest interest rate of ICICI Bank at 10.50%. Hence, Karur Vysya Bank is offering a cheaper loan option.
  • When compared on other Personal Loan charges such as processing fees, Karur Vysya Bank charges a processing fees of 0.40% while ICICI Bank charges a processing fees of Upto 2.25% of Loan Amount.
  • ICICI Bank offers Personal Loan upto an amount of ₹ 30 Lakh while Karur Vysya Bank offer Personal Loan upto an amount of ₹ 10 Lakh. ICICI Bank can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is foreclosure facility. Karur Vysya Bank gives the option to close the loan after Zero months at Nil prepayment charges and ICICI Bank gives the option to close the loan after 6 months at 5%. This makes Karur Vysya Bank a better option for Personal Loan.
  • Karur Vysya Bank allows part payment on Personal Loan after Zero months at Nil charges, while ICICI Bank does not offer part payment facility on Personal Loan. This makes Karur Vysya Bank a better option for Personal Loan.
  • ICICI Bank has an average customer ratings of 4.5, while has an average customer rating of , based on which it is clear that ICICI Bank has a high customer service focus, an easy Personal Loan process and a quick turnaround.

Which bank offers lower interest rate on Personal Loan – Karur Vysya Bank or ICICI Bank?

As per the current rates, Karur Vysya Bank offers a lower interest rate of 9.40% on Personal Loan when compared to ICICI Bank which offers a Personal Loan at 10.50%.

Know all about Personal Loan

Know more about Karur Vysya Bank Personal Loan

Know more about ICICI Bank Personal Loan

Compare Karur Vysya Bank Personal Loan With Other Banks

Compare ICICI Bank Personal Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Personal Loan News - Jun 2021
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
  • 2021-06-11 : YONO to offer fast-tracked two-wheeler loans and express credit
    The State Bank of India YONO app is going to offer fast track two-wheeler loans and express credit, a high-value personal loan. SBI is planning to expand the YONO product basket. YONO will be offering two-wheeler loans along with personal loans of small ticket size, between Rs 5-10 lakhs.
  • 2021-06-11 : MyLoanCare collaborates with three of the top app-based lenders
    MyLoanCare Ventures Pvt Ltd has collaborated with three of the top app-based lenders - MoneyTap, EarlySalary, and Paysense to make Instant Small Ticket Personal Loans convenient, transparent and much quicker.
  • 2021-06-11 : MyLoanCare collaborates with three of the top app-based lenders
    MyLoanCare Ventures Pvt Ltd has collaborated with three of the top app-based lenders - MoneyTap, EarlySalary, and Paysense to make Instant Small Ticket Personal Loans convenient, transparent and much quicker.
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
*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
Loader
Please wait while your information is being processed...