Compare Karur Vysya Bank vs SBI Personal Loan
Bank |
HDFC Bank
ICICI Bank
Bajaj Finserv
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Axis Bank
Tata Capital
Fullerton India
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PNB
Indian Overseas Bank
Indian Bank
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Bank of Baroda
Standard Chartered Bank
Yes Bank
Karur Vysya Bank
Cashe
Axis Finance
|
SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Syndicate Bank
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Federal Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Cashe
Axis Finance
|
---|---|---|
Interest Rate | Interest Rate 8.70% - 19.00% |
10.00% - 13.00% |
Processing Fees | Processing Fees 0.40% |
Nil |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 10 Lakh |
₹ 50,000 to ₹ 15 Lakh |
Loan Tenure | Loan Tenure 12 to 36 Months |
6 to 72 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 3,166 |
₹ 1,853 |
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 3% |
Eligible Age | Eligible Age 25 to 60 Years |
21 to 58 Years |
Minimum Income | Minimum Income ₹ 20,000 |
₹ 24,000 |
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) |
3.6/5.0 |
Compare Personal Loan EMI of Karur Vysya Bank and SBI
Loan Amount | Karur Vysya Bank | SBI |
---|---|---|
₹ 1 Lakh | ₹ 3,166 | ₹ 1,853 |
₹ 5 Lakh | ₹ 15,830 | ₹ 9,263 |
₹ 10 Lakh | ₹ 31,660 | ₹ 18,526 |
₹ 12 Lakh | ₹ 37,992 | ₹ 22,231 |
Which is a better bank for Personal Loan – Karur Vysya Bank or SBI?
SBI offers lower Personal Loan EMI at Rs. 1853 for 72 Months compared to Karur Vysya Bank with a minimum EMI of Rs. 3166 for 36 Months. In addition, average customer ratings for SBI is currently at 3.6/5.0, making it a good choice for taking a Personal Loan.
How does Karur Vysya Bank Personal Loan compare with SBI Personal Loan?
It is important to make a detailed comparison of Karur Vysya Bank and SBI 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:
Which bank offers a lower interest rate on Personal Loan – Karur Vysya Bank or SBI?
As per the current rates, Karur Vysya Bank offers a lower interest rate of 8.70% on loans compared to SBI, which offers a Personal Loan at 10.00%.
Know more about Karur Vysya Bank Personal Loan
Know more about SBI Personal Loan
Compare Karur Vysya Bank Personal Loan With Other Banks
Compare SBI Personal Loan With Other Banks
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The bank has increased the rates by 40 basis points, and after the revision, the bank offers personal loans starting from 8.85% to 14.85%. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year. - 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-12 : Indian Bank Revises Personal Loan Rates
Indian Bank has increased the rates on personal loans, and as a result, the bank offers the lowest rates starting at 8.90% to upto 9.40%. - 2022-05-10 : Canara Bank Hikes Personal Loan Interest Rates
The bank has increased the lowest personal loan rates from 12.40% to 12.80%.
