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Karur Vysya Bank Personal loan

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About Karur Vysya Bank Personal Loan

  • Karur Vysya Bank offers short term as well as long term personal loans to meet the personal requirements of the applicants.
  • The loan process is quick and paperless.
  • The bank provides in-principle sanction in 15 minutes to applicants having a good CIBIL score.
  • Applicants can avail a maximum loan amount of up to Rs.10 lakh depending on their repayment capacity.
  • The Net Take Home pay after deducting the EMI of the proposed loan shall be at least 25% of gross pay.

Karur Vysya Bank Personal Loan Highlights

Interest rate 13.15% p.a. to 14.15% p.a.
Loan amount Up to Rs 10 Lakh
Loan tenure 1 to 5 years
Processing fee 1.50% of the requested loan amount

Note: Interest rates as on 19 September 2024

Interest Rates of Karur Vysya Bank Personal Loan

The Karur Vysya Bank Personal Loan interest rates range between 13.15% to 14.15%. However, the final personal loan interest rates offered to the loan applicant would vary according to the credit score, monthly income, job profile, employer’s profile, etc. of the loan applicant.

Comparison of Karur Vysya Bank Personal Loan Interest Rate vs Other Lenders

Banks/NBFCs Interest Rates(p.a.)
Bajaj Finance 10% - 31% p.a.
Axis Bank 9.99% onwards
IndusInd Bank 10.49% onwards
IDFC FIRST Bank 10.99% onwards
HDFC Bank 9.99% onwards
ICICI Bank 10.60% onwards
Kotak Mahindra Bank 10.99% onwards
Tata Capital 11.99% onwards
Federal Bank 12.00% onwards
DMI Finance Up to 24%
L&T Finance 11.00% onwards
Kreditbee 12.00% - 28.25%
MoneyTap 13.00% onwards
Piramal Finance 11.99% onwards
Aditya Birla 10.99% onwards
Moneyview 14%-36%
Cashe 33.50% onwards

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Fees and Charges of Karur Vysya Personal Loan

Processing fee Personal loan: 1.50% of the loan requested amountInsta loan: 0.50% of the loan amount subject to a minimum of Rs. 1,000/- + GST.
Foreclosure charges NIL (under floating rate of interest)

Types of Karur Vysya Bank Personal Loan

Personal Loan (Usecured)

  • Purpose: to meet personal needs and unforeseen emergencies of the borrowers
  • Loan amount: Rs 50,000 to Rs 10 lakh
  • Loan tenure: 1-5 years

Insta Loan

  • Purpose: Karur Vysya Bank offers Insta Loan particularly for the permanent employees of reputed companies, schools, government institutions, etc to meet their (including their dependents’) medical, housing, education and other such expenses. The bank also asks for a demand promissory note as the primary security and personal guarantees from different employees for personal loans.
  • Loan tenure: 6 years or remaining service period, whichever is lower.

Eligibility Criteria Required to Avail Karur Vysya Personal Loan

Unsecured Personal Loan

  • For salaried: The net take-home pay after deducting the proposed loan installments shall be 25% of the gross pay
  • For self-employed individuals: IT returns

Insta Loan

  • The net take-home pay after deducting the proposed loan installments should be 25% of the gross pay.
  • Only permanent employees of reputed companies, schools, and government institutions with a minimum confirmed service of 2 years and an unexpired service of 1 year, who are non-defaulters of any other bank or financial institution.

Documents Required for Karur Vysya Personal Loan

Unsecured personal loan

For salaried individuals

  • Salary certificate
  • Undertaking from the employer will be required to deduct loan installments and interest from the borrower’s salary.
  • For self-employed individuals: IT returns to ensure income and repayment capacity

Insta Loan

  • Undertaking Letter from the competent pay disbursing authority
  • Availability of financials of Corporate/ Firms/ Trusts etc., and ensuring that they are in existence and profit making for the last three years.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

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Personal loan fatfat mai mil gaya

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Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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