A "low interest" loan shouldn't mean you have very little interest in paying it back!

    Karur Vysya Bank Car Loan EMI Calculator

    Karur Vysya Bank is an outstanding bank that has been serving masses across the country with excellent banking solutions. You can count on the bank to provide you with prompt and precise services in areas such as deposits, cards, loans, gold, etc. Whether you are looking for a home loan or a car loan, you can approach the bank for reliable products.

    If you are wondering how to finance the purchase of your dream car, you need not worry anymore. You can get great car loans from Karur Vysya Bank.

    Apart from the car loan product, the bank also has an advanced car loan EMI calculator. This will assist you in computing your loan EMIs and help you in planning your monthly expenses carefully. You will be aware of how much you can spend on each aspect of your life and avoid unpleasant financial situations. You will also get to know your loan affordability for a specific amount.

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

    The website of BankBazaar has a great online tool which is an EMI Calculator. It is assigned for each bank's products.

    When you choose Karur Vysya Bank as lender for your car loan, you will have to enter that bank's details in the car loan calculator. The EMI calculator on the web portal of BankBazaar is very easy to use and very attractive in nature. It gives clear information in a clear manner that can be understood by anyone. You will not have to rely on any form of professional support for understanding the results of this calculator.

    Moreover, it gives an amortisation table with a well-designed graph that explains each element of your repayment schedule extensively.

    Calculate your Car Loan EMI

    Karur Vysya Bank Car Loan EMI Calculator – How does it work?

    The car loan EMI calculator of Karur Vysya Bank which is available on BankBazaar website is innovative and creative. It is appealing to the eye and conveys the message very clearly. The steps for using this online tool are self-explanatory.

    • You will need to first select your car loan amount by simply dragging the cursor on your screen.
    • Next, you need to choose your loan tenure against the ‘Tenure’ tab. You will need to repay your full loan within this period.
    • After this, you will need to enter the interest rate for car loans offered by Karur Vysya Bank.
    • In the next row, you will need to key in processing fee details. This will be different for each bank. You will need to find out the processing fee charged by Karur Vysya Bank and enter it here.
    • You have the option to make a prepayment when you take a car loan. If you think you want to go for prepayment, you will have to select 'Yes’ among the options. You will then have to enter your prepayment details such as frequency of repayment, prepayment fee, and your prepayment amount.
    • If you do not want to go for prepayment, you can select 'No’ and then choose 'Calculate’. This will give you your final car loan EMI amounts. Your screen will give you a clear picture of your EMI amounts along with an amortisation table and a graph. This will enable you to organise your other payments and you can plan your finances efficiently by viewing these EMIs.

    Example: We will now compute the EMIs for multiple loan periods on car loans by utilising the BankBazaar Karur Vysya Bank Car Loan EMI Calculator. The interest rate for car loans offered by Karur Vysya Bank is 9.35% p.a.(One year MCLR + 0.25%). The margin for new cars is 15% and for old cars is 25%. In the following table, we can assume that the interest rate provided by Karur Vysya Bank is 9.35% with a processing fee of 2% which cannot be refunded.

    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% 9.35% 45,845 31,963 25,052 20,929 18,200 16,267
    15 Lakh 2% 9.35% 68,768 47,944 37,577 31,393 27,300 24,401
    20 Lakh 2% 9.35% 91,691 63,926 50,103 41,857 36,399 32,535
    25 Lakh 2% 9.35% 1,14,614 79,907 62,629 52,322 45,499 40,668
    30 Lakh 2% 9.35% 1,37,536 95,889 75,155 62,786 54,599 48,802
    35 Lakh 2% 9.35% 1,60,459 1,11,870 87,680 73,250 63,699 56,935
    40 Lakh 2% 9.35% 1,83,382 1,27,852 1,00,206 83,715 72,799 65,069

    Karur Vysya Bank Car Loan EMI Calculator – Features and Benefits

    The Karur Vysya Bank Car Loan EMI Calculator comes with a wide variety of benefits and features. All you need to do is enter your loan details and the rest will be handled by this online calculator.

    • You need not do EMI calculations manually. You can rely on this calculator to do the most complex calculations without any error. It reduces errors and minimises time consumption.
    • This calculator can be utilised online at your own convenience.
    • The BankBazaar EMI loan calculator has a trustworthy customer care centre team that will help you when you are in need of support.
    • You can use this online tool without making any payment. You will not be asked to pay any fee.
    • This calculator does not have any Excel sheet. It gives results clearly in a well-defined way.
    • It also provides a colourful graph in a bar diagram format to help you understand your repayment schedule for each month accurately.
    • It makes the entire lending process easy and approachable. Sometimes, a few people may tend to avoid taking a loan due to the element of uncertainty in loans. This calculator makes things certain in a loan by telling you how much you will have to spend each month for a particular car loan.

    Karur Vysya Bank Car Loan EMI Calculator FAQs

    1. In the BankBazaar EMI calculator, do I have to enter the loan tenure in months or years?
    2. You will need to enter your loan tenure in years and months as this will help in accurately calculating your monthly installments for repayment.

    3. Do I need to hire any financial consultant to use the BankBazaar EMI calculator?
    4. No, you do not need any financial consultant for support. You can use this calculator on your own. You only to keep your loan details such as tenure, interest rate and processing fee before you sit down to use the calculator.

    5. Can I use the BankBazaar EMI calculator at any point of time?
    6. Yes, it is an online calculator and is up and running 24/7. You can utilise it at any point of time.

    7. Do I have to pay any fee to use the BankBazaar EMI calculator?
    8. No, it is free of cost. You only need to open the site and start the computation process.

    9. Where can I use the car loan EMI calculator on the website of BankBazaar?
    10. You will have to go the main menu of BankBazaar and then click on the ‘Finance Tools’ segment. Here, you will need to choose EMI Calculator and then enter your car loan values.

    11. How is the amortisation table provided in the BankBazaar EMI calculator helpful?
    12. It will explain each element of your car loan and hence, you can view your loan principal amount, outstanding amount for each month, interest rate for your loan, amount paid till a certain date, outstanding total loan amount, etc.

    13. Can I use the EMI calculator on the BankBazaar app?
    14. Yes, you can utilise the EMI calculator on the BankBazaar app which is available on Android as well as iOS.

    Car Loan Reviews

    • Karur Vysya Bank Home Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      My home loan is with KVB and I am not happy with the process because all the banks have a rate of 8.25% and this bank alone maintains a rate of 10.25%. The interest makes a lot of difference. I am not too happy with the rate of interest. The process was good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 09, 2018
    • Karur Vysya Bank Home Loan
      "High ROI and charges"
      0.5 2.0/5 "Expected more"
      Karur Vysya Bank has not been very satisfactory. I wanted to apply for a home loan from them. The services and response was very much average. They offered a high rate of interest. And they had a lot of hidden charges. Overall it has not been average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 26, 2016
    • Karur Vysya Bank Home Loan
      "Manageable "
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan from Karur Vysya Bank as it met my requirements. The interest rate offered to me is 10.5% on a floating rate basis. I am quite comfortable with the rates and charges they offer but think the other state banks offer much lesser than KVB.
      Was this review helpful? 1
      , kolkata
      Reviewed on Mar 12, 2016
    • Karur Vysya Bank Home Loan
      "easy going"
      0.5 4.0/5 "Great!"
      My home loan was taken from KARUR VYSYA BANK before seven years. They have offered me 9.25% rate of interest fro 8 lakhs loan amount. They have pre closing option with them. Once I missed to pay the EMI on time and I charged for that.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Oct 13, 2015
    • Karur Vysya Bank Home Loan
      "Nice to go with KVB"
      0.5 5.0/5 "Blown Away!"
      I have taken the home loan with the Karura Vysya bank for the rate of interest as 12.5% around. Customer service is good because they are having the 90 years of experience in the banking industry. Documentation and the collateral documents are required. Within a month of time the loan got disbursed to my account.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 25, 2015
    • Karur Vysya Bank Home Loan
      0.5 4.0/5 "Great!"
      I have taken a home loan with Karur vysya bank. I had no issues with this bank. Customer service was good, they responded to me very quickly. Within a week or so I got my loan amount. I am okay with the interest rates and the charges applied. They should continue the same work.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 05, 2015
    • Karur Vysya Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got my home loan processed within 5 days of time with prior response from karur vysya bank. They provided the best solutions where to get the property and the benefits of the land and its value . I got a complete graph about the place which they listed. Interest rates also quite affordable. They should continue the same
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 11, 2014
    • Karur Vysya Bank Home Loan
      "Fantastic experience"
      0.5 5.0/5 "Blown Away!"
      It was very easy for me to avail a personal loan from KVB in the month of Jan'2014 because of my salary account. I had requested my company HR team for a personal loan. All the formalities have been completed by the HR team and my loan was disbursed within 20 days of time at a rate of interest around 14%. I would recommend the bank only to the employees of my company.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Sep 23, 2014
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