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 Karur Vysya Bank vs Syndicate Bank Personal Loan

Download Comparison
Bank
Interest Rate
Interest Rate
9.40% - 19.00%
12.40% - 13.90%
Processing Fees
Processing Fees
0.40%
0.5%, Min Rs. 500
Loan Amount
Loan Amount
₹ 50,000 to ₹ 10 Lakh
₹ 50,000 to ₹ 2 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,199
₹ 2,245
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
₹ 20,000
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 Syndicate Bank

Loan Amount Karur Vysya Bank Syndicate Bank
₹ 1 Lakh ₹ 3,199 ₹ 2,245
₹ 5 Lakh ₹ 15,993 ₹ 11,224
₹ 10 Lakh ₹ 31,986 ₹ 22,447
₹ 12 Lakh ₹ 38,383 ₹ 26,937

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

Syndicate Bank offers lower Personal Loan EMI at Rs. 2245 for 60 Months compared to Karur Vysya Bank with a minimum EMI of Rs. 3199 for 36 Months. In addition, average customer ratings for Syndicate Bank is currently at /5.0, making it a good choice for taking a Personal Loan.

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

It is important to make a detailed comparison of Karur Vysya Bank and Syndicate 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 Karur Vysya Bank Loan is 9.40%, which is lower than the lowest interest rate of Syndicate Bank at 12.40%. Hence, Karur Vysya Bank 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 Syndicate Bank charges a processing fee of Upto 0.5%, Min Rs. 500.
  • Karur Vysya Bank offers Personal Loan upto an amount of ₹ 10 Lakh, while Syndicate Bank offers Loan upto an amount of ₹ 2 Lakh. Therefore, Karur Vysya 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 the foreclosure facility. Karur Vysya Bank and Syndicate Bank 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 Syndicate Bank allow part payment on Personal Loan after Zero months at Nil charges. Karur Vysya Bank applies a charge of Nil charges and Syndicate Bank 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 – Karur Vysya Bank or Syndicate Bank?

As per the current rates, Karur Vysya Bank offers a lower interest rate of 9.40% on loans compared to Syndicate Bank, which offers a Personal Loan at 12.40%.

Know more about Karur Vysya Bank Personal Loan

Know more about Syndicate Bank Personal Loan

Compare Karur Vysya Bank Personal Loan With Other Banks

Compare Syndicate Bank Personal Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. 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 8.99% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. 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 - Sep 2021
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-09 : Gold Loan Soars High in 12 Months
    In the last 12 months, gold loans and credit cards have seen significant growth. Gold loans outstanding has increased by 77.4% and personal loans have jumped by 11.2% till July 2021.
  • 2021-09-02 : Axis Bank Personal Loan Rates Changed
    The personal loan rates for Axis Bank have changed for new and BT offers. The Bank is now offering personal loans for new & BT cases starting at 10.25% & 10.49%, respectively.
  • 2021-09-02 : HDFC Bank offers Special Personal Loan
    HDFC Bank has launched a personal scheme for new, and BT offers at an attractive rate. The new personal loan rates are stating at 10.25%
  • 2021-09-01 : Mortgage lending has increased GDP by 11%
    National Housing Bank has informed that mortgage lending in India has increased India’s Gross Domestic Product (GDP) by 11%, an economy worth Rs 27 trillion. 65% of the loans are provided by banks and the rest 35% by NBFCs.
*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...