Karur Vysya Bank Personal Loan EMI Calculator will help you to find out your Personal Loan EMI and interest cost based on your loan amount, tenure and interest rate. It will help you to choose your loan amount and loan tenure based on your repayment capacity.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
Personal Loan Interest Rate Comparison of different Banks
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.85% onwards | Apply Now |
| Axis Bank | 11.25% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
Karur Vysya Bank Personal Loan EMI Calculation
Karur Vysya Bank uses the reducing balance method to calculate the EMI payable on its personal loans. The table below gives different possible EMIs with varying combinations of loan amount, tenure and interest rate.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure (months) | EMI (Rs./month) |
| 1 lakh | 11% | 12 | 8,838 |
| 2 lakh | 12% | 24 | 9,415 |
| 3 lakh | 14% | 36 | 10,253 |
| 4 lakh | 15% | 48 | 11,132 |
| 5 lakh | 18% | 60 | 12,697Factors Affecting Karur Vysya Bank Personal Loan EMI |
Factors Affecting Karur Vysya Bank Personal Loan EMI
The following are a few key factors which affect Karur Vysya Bank personal loan EMIs:
- Loan Amount: It refers to the principal amount that you borrow from Karur Vysya Bank. Usually, the EMI payout increases with an increase in the loan amount and vice versa.
- Interest Rate: It is the rate at which interest is charged on the amount borrowed. Generally, as the interest rate increases, the EMI payout also increases.
- Loan Tenure: It refers to the loan repayment period. Generally, as the loan tenure increases, the EMI payout decreases and vice versa. However, a longer tenure also leads to a higher total interest payout on the loan.
- Interest Calculation Method: The EMI payable also varies with the method of interest calculation used by the lender. EMIs computed using the flat rate method are usually higher than those computed using the reducing balance method, provided loan parameters remain the same.
FAQs
Q. When should I start repaying my Karur Vysya Bank personal loan?
Ans. You should start making your EMI payments from the month following the month of loan disbursal.
Q. What is the maximum number of EMI payments that I can make to repay my Karur Vysya Bank personal loan?
Ans. Karur Vysya Bank personal loans come with a repayment tenure ranging up to 72 months. Thus, you can repay your personal loan in a maximum of 72 EMIs.
Q. Can I autopay my Karur Vysya Bank personal loan EMIs?
Ans. Yes, you can autopay your personal loan EMIs using Standing Instructions or ECS facility.