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    Karnataka Bank Car Loan EMI Calculator

    Karnataka Bank is a leading bank in India that offers excellent banking solutions for a wide variety of purposes. You can approach the bank for deposit products, loans, NRI services, mutual funds, Forex services, cards, etc. The bank has excellent online banking services.

    If you are looking for a car loan to fund the purchase of your dream car, you can get in touch with Karnataka Bank for affordable car loan options. The bank offers a product known as KBL car finance. It can be utilised to buy a new or used car for personal and commercial use. You can repay this loan conveniently through EMIs.

    To calculate your repayments for each month, you can use the car loan EMI calculator offered by the bank. The Karnataka Bank car loan EMI calculator is user-friendly and provides accurate results.

    How to use BankBazaar’s Karnataka Bank Car Loan EMI Calculator to understand your car loan repayment

    The EMI Calculator on the website of BankBazaar will give you a clear idea about the EMIs that you have to pay to clear your car loan. You do not need any technical knowledge to utilise this calculator. You will have to enter basic details of your car loan and then get your EMIs calculated.

    Karnataka Bank Car Loan EMI Calculator – How does it work?

    The website of BankBazaar has an outstanding EMI calculator that will enable you to get a clear picture of your entire loan application and repayment process. When you are interested in a car loan from Karnataka Bank, you can go to the specific bank's EMI calculator on the BankBazaar portal.

    • You will have to first choose the loan amount by moving your cursor on the calculator.
    • Next, you need to enter the interest rate in the respective field. You can negotiate the rate with the bank before calculating your EMIs.
    • After this, you will need to choose your loan tenure within which you will repay the full loan.
    • Next, you will need to enter the interest rate charged by Karnataka Bank for a car loan. The bank charges different interest rates for used and new cars.
    • Following this, you will be required to enter your processing fee details by using the cursor accurately.
    • If you want to make a prepayment, you can go ahead. You will have to select 'Yes’ from the options seen on the site. You will also have to specify your prepayment details such as prepayment frequency, prepayment fee, prepayment amount, and more.
    • If you are not interested in making a prepayment, you can select 'No’ and click 'Calculate’ on the website.
    • Now, you will get the results for the information that you would have entered. You will get the EMI amounts that you need to pay within your entire loan period. You will also be able to see clear amortisation details on the screen of this portal.

    Example: Let us use an example to understand how the BankBazaar Karnataka Bank EMI calculator works. When you choose Karnataka Bank, the interest rate for new vehicles for a loan of up to Rs.75 lakh is 9.90% and for used vehicles for a loan of up to Rs.20 lakh is 13.50%. Let us assume that the interest rate provided by Karnataka Bank for car loans is 9.90% with a non-refundable processing fee of 2% which is charged on the full car loan amount. We will also assume that the borrower does not want to make any prepayments. Let us take a look at the table below to get a clear understanding of the EMIs.

    Loan amount (Rs.) Processing Fee (Rs.) Interest rate (Mean) EMI for 2 years (Rs.) EMI for 3 years (Rs.) EMI for 4 years (Rs.) EMI for 5 years (Rs.) EMI for 6 years (Rs.) EMI for 7 years (Rs.)
    10 Lakh 2% 9.90% 46,099 32,220 25,315 21,198 18,475 16,550
    15 Lakh 2% 9.90% 69,148 48,330 37,972 31,797 27,713 24,824
    20 Lakh 2% 9.90% 92,198 64,441 50,629 42,396 36,951 33,099
    25 Lakh 2% 9.90% 1,15,247 80,551 63,286 52,995 46,189 41,374
    30 Lakh 2% 9.90% 1,38,296 96,661 75,944 63,594 55,426 49,649
    35 Lakh 2% 9.90% 1,61,346 1,12,771 88,601 74,193 64,664 57,923
    40 Lakh 2% 9.90% 1,84,395 1,28,881 1,01,258 84,791 73,902 66,198
    Calculate your Car Loan EMI

    Karnataka Bank Car Loan EMI Calculator – Features and Benefits

    The Karnataka Bank Car Loan EMI Calculator offers a plethora of benefits to help you have a smooth lending process. It performs the most complex EMI computations in very little time.

    • This tool can be used online while sitting at home on your couch without having to stand in any long line.
    • This online tool will provide you with precise loan EMI details for any amount that you enter. If you enter prepayment details also, you will get accurate results on your screen and this will avoid any confusion for you.
    • While using the online car loan calculator on the BankBazaar portal, if you come across any difficulties, you can immediately get in touch with the customer care centre. They will offer instant assistance to you and you can continue with the process.
    • This online calculator is available for free.
    • Apart from figures and data, you can also check out a graph provided by the BankBazaar Karnataka Bank EMI calculator. It is easy to understand and gives an interesting overview about your repayment schedule. It is more interactive and engaging.

    Karnataka Bank Car Loan EMI Calculator FAQs

    1. Can I use the BankBazaar Karnataka Bank EMI calculator for both used and new car loans?
    2. Yes, you can utilise the same EMI calculator to find out your EMIs for both used and new car loans. You only need to enter your specific loan details in the calculator.

    3. In the BankBazaar Karnataka Bank EMI calculator, do I need to specify my car loan period in years or months?
    4. You will be required to enter your car loan period in number of years and months. You can specify the exact number of months according to your preference. This will allow the calculator to give you your EMIs.

    5. Does it make sense to use the BankBazaar EMI calculator after applying for a car loan?
    6. No, you should always make sure to use the EMI calculator before you actually apply for a loan. This will help you ascertain your loan repayment ability and affordability.

    7. Can I use the BankBazaar EMI calculator on the BankBazaar app while checking out car loans from Karnataka Bank?
    8. Yes, you can use the BankBazaar app to conveniently calculate your EMIs for multiple loan amounts over several loan tenures. It is available on both Android and iOS.

    9. If I want to make a prepayment with my car loan, can I get an estimate of the amount by using the BankBazaar EMI calculator?
    10. Yes, you only need to mention that you want to go ahead with prepayment and then enter relevant details. The calculator will then give you your monthly installments by taking the prepayment aspect into account.

    11. Where can I find the EMI calculator on the BankBazaar website?
    12. You can go to the main menu of the BankBazaar website and choose the ‘Finance Tools’ section. Here, you will have to click on EMI Calculator.

    Car Loan Reviews

    • Karnataka Bank Car Loan
      "Best Banking sevice"
      0.5 5.0/5 "Blown Away!"
      Got my car loan from Karnataka bank , where the rate of interest is promising one They took few days for approval and documentation. Where i use to pay monthly through ecs . And there is no processing fees.Overall am satisfied with Car loan from Karnataka bank
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 04, 2018
    • Karnataka Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the car loan from the Karnataka bank and they have disbursed the loan amount within a day time and they have approved Rs,7,50,000 within a day time. The customer support service and the response part is good with the Karnataka bank. The rate of interest and the charges are average with the Karnataka bank.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 28, 2018
    • Karnataka Bank Car Loan
      "Very Good bank"
      0.5 5.0/5 "Blown Away!"
      I have closed the car loan with the Karnataka bank limited and the customer service is very good one. I would like to say that the online banking services are really an excellent one with the Karnataka bank limited.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 23, 2017
    • Karnataka Bank Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had closed my car loan with Karnataka Bank before 2 to 3 years. It was a good experience. The interest rate was normal and the processing charges is nominal. Documentation process is easy. I have a purchased a new vehicle. I have taken 80% of loan.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 16, 2017
    • Karnataka Bank Car Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Karnataka bank and has been a good experience till ate and will be closed by the year 2018. It has been a smooth process with them during the loan term. I have an interest rate of 11% on my loan which is nominal. Its a best bank to bank with.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 11, 2017
    • Karnataka Bank Car Loan
      "Postivness overloaded"
      0.5 5.0/5 "Blown Away!"
      I have been having a long standing relationship with this bank, owing which I asked them for a Rs.6 Lakh worth a car loan. To my surprise the loan got approved immediately and the cash reached the account by next day. Which is something extraordinary. I have been given interest rate of 9% which is pretty decent too.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Oct 13, 2017
    • Karnataka Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I directly met the Karnataka bank branch manager and spoke about the car loan. They have disbursed my car loan within 8 days of time. The required loan amount has been approved by Karnataka bank. The rate of interest of interest is nominal with Karnataka.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 06, 2017
    • Karnataka Bank Car Loan
      "Excellent services"
      0.5 4.5/5 "Excellent!"
      Karnataka bank is very much beneficial also they have offered me a car loan with a good deal. The interest rate and charges was nominal and they were quick in the process also. The after loan features are also good and I had no hassles with the bank in this process.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 17, 2017
    • Karnataka Bank Car Loan
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      I have an OD account with Karnataka bank through which I had recently taken a car loan. The documentation process very fast and my loan was disbursed within 3 days of time. They offered me an interest rate of 10.25% and they didn't charge me any processing at all. It was overall a fantastic experience.
      Was this review helpful? 4
      , chennai
      Reviewed on Oct 21, 2014
    • Karnataka Bank Car Loan
      "Normal banking service"
      0.5 5.0/5 "Blown Away!"
      My friend was working with KARNATAKA BANK that is the only reason I have took this CAR LOAN with them. He is working as the branch maanger . Interest rates also floating same as other bank. I could not feel any particular feature with this bank. What other bank providing the same service provided by them also . No suggestions
      Was this review helpful? 2
      , bellary
      Reviewed on Aug 21, 2014
    • Karnataka Bank Car Loan
      "Good service!"
      0.5 5.0/5 "Blown Away!"
      I have recently availed a car loan from Karnataka Bank. I personally approached the bank for applying the loan. I am very much satisfied with their services and the rate of interest was very good comparatively to other private banks in the market.
      Was this review helpful? 3
      , belgaum
      Reviewed on May 27, 2014
    • Karnataka Bank Car Loan
      "Satisfied with Service"
      0.5 5.0/5 "Blown Away!"
      Karnataka bank CL overall satisfied with service approval process took in just 2 days interest rate was also good customer service and response from them was perfect no suggestion and disadvantages overall it was perfect I am satisfied with services.
      Was this review helpful? 12
      , bangalore
      Reviewed on May 17, 2014
    • Karnataka Bank Car Loan
      "fantastic job"
      0.5 4.0/5 "Great!"
      Karnataka bank gives a very ggod customer service swith regards to Car Loan.There is no processing charges. No hidden charges.The bank will not charge if we pre-close the loan. They are very transparent in what ever they say. However if there were more branches of Karnataka Bank then it would had been much better.
      Was this review helpful? 8
      , chandigarh
      Reviewed on May 02, 2014
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