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Karur Vysya Bank Personal Loan Interest Rates

Interest Rate Comparison Tool

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Highlights

  • 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.

 

Karur Vysya Bank Personal Loan Interest Rates October 2024

Particulars Salaried
Interest Rates 12.20% - 13.20%
Loan Amount Up to INR 1 Crore
Tenure 36 Months
Processing Fee 0.40% of the loan amount
Collateral Security Required

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.

Particulars Salaried
Loan INR 1 Crore
Interest Rates 12.00% Per Annum
Tenure 36 Months
Margin 25%
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.

Particulars Salaried
Loan INR 1 Crore
Interest Rates 12.00% Onwards
Tenure 72 Months
Margin NIL
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.

Particulars Salaried
Loan Quantum Unsecured Loan - INR 50,000 - INR 10,00,000
Secured Loan - INR 50,000 (minimum)
Interest Rates Unsecured Loan - 12.00%-18.00%
Secured Loan - 15.00%-19.00%
Tenure 12 to 60 Months
Margin NIL
Processing Fee 1% of the loan amount
Security or Collateral 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.

Particulars Salaried
Loan INR 25,00,000
Interest Rates 11.00%
Tenure 60 Months
Processing Fee INR 500
Margin 10%

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.

Particulars Salaried
Original Loan Amount INR 5,00,000
Interest Rate 16.00%
Tenure 5 Years
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.

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