MyLoanCare is a FREE of cost service for borrowers

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

MyLoanCare Customer Ratings - 4.5/5.0

Compare Karur Vysya Bank vs PNB Personal Loan

Download Comparison
Bank
Interest Rate
Interest Rate
9.85% - 12.85%
8.80% - 13.30%
Processing Fees
Processing Fees
0.40%
1.8% + Taxes
Loan Amount
Loan Amount
₹ 50,000 to ₹ 10 Lakh
₹ 50,000 to ₹ 15 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,220
₹ 2,066
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 0 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 0 months at Nil prepayment charges
Eligible Age
Eligible Age
25 to 60 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 20,000
₹ 30,000
Current Work Experience
Current Work Experience
12 Months
NA
Total Work Experience
Total Work Experience
24 Months
NA
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
Add Bank

Compare Personal Loan EMI of Karur Vysya Bank and PNB

Loan Amount Karur Vysya Bank PNB
₹ 1 Lakh ₹ 3,220 ₹ 2,066
₹ 5 Lakh ₹ 16,098 ₹ 10,331
₹ 10 Lakh ₹ 32,197 ₹ 20,661
₹ 12 Lakh ₹ 38,636 ₹ 24,794

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

PNB offers lower Personal Loan EMI at Rs. 2066 for 60 Months compared to Karur Vysya Bank with a minimum EMI of Rs. 3220 for 36 Months. In addition, average customer ratings for PNB is currently at /5.0, making it a good choice for taking a Personal Loan.

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

It is important to make a detailed comparison of PNB and Karur Vysya Bank on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its 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 PNB Loan is 8.80%, which is lower than the lowest interest rate of Karur Vysya Bank at 9.85%. Hence, PNB is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, Karur Vysya Bank charges a processing fee of 0.40%, while PNB charges a processing fee of Upto 1.8% + Taxes.
  • PNB offers Personal Loan upto an amount of ₹ 15 Lakh, while Karur Vysya Bank offers Loan upto an amount of ₹ 10 Lakh. Therefore, PNB can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is the foreclosure facility. Karur Vysya Bank and PNB gives the option to close the loan after Zero months at Nil prepayment charges and Nil prepayment charges. This makes Karur Vysya Bank a better option for Personal Loan.
  • Karur Vysya Bank and PNB allow part payment on Personal Loan after Zero months at Nil charges. Karur Vysya Bank applies a charge of Nil charges and PNB charges Nil charges on Personal Loan.
  • with an average customer rating of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

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

As per the current rates, PNB offers a lower interest rate of 8.80% on loans compared to Karur Vysya Bank, which offers a Personal Loan at 9.85%.

Know more about Karur Vysya Bank Personal Loan

Know more about PNB Personal Loan

Compare Karur Vysya Bank Personal Loan With Other Banks

Compare PNB Personal Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 8.00%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.49% with Cashback of up to ₹ 1,000.

    Check Offers
  • Loan Against Property

    Best Loan Against Property Offers starting @ 9.20%. 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 7.05%.

    Invest Now
Personal Loan News - Dec 2022
  • 2022-11-02 : Karnataka Bank Registers Net Profit in the Q2 of 2022-23
    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI launches its digital banking unit in Goa
    As part of the Union government’s initiative, a digital banking unit (DBU) of the State Bank of India (SBI) was inaugurated in Goa. The initiative aims to ensure that the benefits of digital banking reach every nook and corner of the country. The DBUs will offer banking products and services to the customers 24x7.
  • 2022-09-12 : Union Bank of India hikes interest rates - home, car EMIs set to rise
    Union Bank of India has increased its marginal cost-based lending rate (MCLR) in the range of 0.05 per cent to 0.35 per cent, which would make the loans from the bank more expensive. MCLR rates for overnight and one-month tenures to 7.00 per cent and 7.15 per cent, thus increasing them by 5 bps. For the three-month tenure, the rates are the same as before and are at 7.25 per cent.
  • 2022-09-09 : HDFC Bank to introduce 10-second personal loan service
    India’s largest private sector lender HDFC Bank is aiming at introducing the 10-seconds loan service for everyone including those who do not have an account with the bank. The bank has been a paradigm pioneer in 10-second loans for existing customers and has been able to deliver this over the past six years.
  • 2022-09-07 : Kotak Mahindra Bank Goes Live with Client Onboarding via Face Authentication
    The bank has become the first to enable client onboarding via face authentication and does not require an additional device except the mobile phone.
*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...