- 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

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About Karur Vysya Bank Personal Loan
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)
Insta Loan
Eligibility Criteria Required to Avail Karur Vysya Personal Loan
Unsecured Personal Loan
Insta Loan
Documents Required for Karur Vysya Personal Loan
Unsecured personal loan
For salaried individuals
Insta Loan
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Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
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