- KVB Interest Rates at 12.85% Per Annum
- Switch Your Personal Loan to KVB
Not able to find the personal loan interest rates of Karur Vysya Bank? No worry, you can check out the rates here and assess your feasibility for a loan which can be availed to fulfill all your personal needs. The interest rates, to a greater extent, determine one’s affordability for a loan. And that’s why people negotiate with the lenders based on their existing relationship to lower the rates. So if you have an account, locker or some other services at Karur Vysya Bank, you then hold a chance to get the rates lowered than what’s charged normally. You should first know the rates before using your service relationship to lower the rates.
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Table of Contents
- 1 Karur Vysya Bank Personal Loan Interest Rates January 2022
- 1.1 Interest Rates on Karur Vysya Bon Voyage Personal Loan
- 1.2 Interest Rates on Karur Vysya Insta Loan
- 1.3 Interest Rates on Karur Vysya Bank Secured / Unsecured Loan
- 1.4 Interest Rates on Karur Vysya Quick Loan
- 1.5 Karur Vysya Bank Personal Loan Balance Transfer Rates
- 1.6 KVB Loan Application Form
Karur Vysya Bank Personal Loan Interest Rates January 2022
|Interest Rates||11% - 19.00%|
|Loan Amount||Up to INR 1 Crore|
|Processing Fees||0.40% of the loan amount|
Interest Rates on Karur Vysya Bon Voyage Personal Loan
To make your travel affordable, Karur Vysya Bank provides you with the desired amount free from collateral. At an attractive rate of interest, you can borrow funds and pay for the same in Equated Monthly Installments (EMIs). You can get impressive loan amounts at an attractive interest rate to make it affordable for you. Before applying for the loan, you should take a look at the features of Karur Vysya Bon Voyage loan.
|Loan||INR 1 Crore|
|Interest Rate||12.00% Per Annum|
|Processing Fee||0.30% of the loan amount, with a minimum of INR 500|
|Guarantor||Spouse or Relatives|
Interest Rates on Karur Vysya Insta Loan
Salaried individuals can apply for this loan to meet their instant needs. This loan allows them to borrow up to INR 1 Crore from Karur Vysya Bank, and the limit is dependent on income or credit score. You can add a guarantor to your personal loan that can be your co-employee. The attractive rate of interest makes the user borrow funds from the bank for meeting financial needs such as medical emergency, education funding, home renovation, etc.
|Loan||INR 1 Crore|
|Interest Rate||12.00% Onwards|
|Processing Fee||0.50% of the loan amount, with a minimum of INR 1000|
|Security or Collateral||NIL|
Interest Rates on Karur Vysya Bank Secured / Unsecured Loan
To get funds for financial emergencies, you can apply for this with which you can get the loan in 15 minutes. You have an option to either have a secured or unsecured loan. Unsecured loan approvals depend on your income and credit score. Whereas for the secured loan the value of mortgage security matters. The security can be a fixed deposit, life insurance policy, land & buildings, national savings certificate (NSC), etc.
|Loan Quantum||Unsecured Loan - INR 50,000 - INR 10,00,000|
Secured Loan - INR 50,000 (minimum)
|Interest Rate||Unsecured Loan - 12.00%-18.00%|
Secured Loan - 15.00%-19.00%
|Tenure||12 to 60 Months|
|Processing Fee||1% of the loan amount|
|Collateral or Security||Government Bonds, Bank Deposits, Land & Building etc.|
Interest Rates on Karur Vysya Quick Loan
You can borrow funds for your business or personal financial support from the Karur Vysya bank. The loan quantum can be a maximum of NR 25,00,000 and is based on the securities, which can be NSC, KVP certificate, Life Insurance Policies or any policies of any other insurance company, you submit to the bank.
|Processing Fee||INR 500|
Karur Vysya Bank Personal Loan Balance Transfer Rates
Servicing a personal loan already at a lender other than Karur Vysya Bank (KVB)? But the soaringly high rates leaving you with very little to spend on other needs? Well, you can then avail the balance transfer option to shift your outstanding portion of the loan at KVB to reduce the outflow of interest repayments which otherwise would leave your pocket if you wish to continue in the same vein of repayment.
An example below will help you understand better.
Example: You are paying a 5-year personal loan of INR 5,00,000 at a 16% interest rate. It’s been 2 years that you started servicing the loan. If you manage to strike a balance transfer deal with Karur Vysya Bank at 12%, how much will you gain from the transaction? Check out the table to know the same.
|Original Loan Amount||INR 5,00,000|
|EMI @14.00%||INR 12,159|
|Estimated Interest Outgo @16.00%||INR 2,29,542|
|Interest Paid Till 2 Years||INR 1,37,665|
|Outstanding Balance at the End of 2nd Year||INR 3,45,849|
|EMI @12.00% for the Remaining 3 Years||INR 11,487|
|Interest @12.00% Over 3 Years||INR 67,688|
|Interest Paid Till Now + Interest Payable Over the Next 3 years||INR 2,05,353|
|Estimated Savings in Terms of EMI||INR 672|
|Estimated Savings in Terms of Interest Payment||INR 24,189 (2,29,542-2,05,353)|
KVB Loan Application Form
All in readiness to apply for KVB Personal Loan? Go online to do the needful. Just visit the bank’s official website, get to the application form, fill in the details correctly and submit the same. KVB will screen your candidature by checking the authenticity of the details submitted online. Only when the details are verified successfully does the bank give a nod to the application.