If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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  • Karur Vysya (KVB) Car Loan Eligibility Calculator is Rated as "Excellent!" by 7 Users

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    Karur Vysya (KVB) Car Loan Eligibility Calculator

    Karur Vysya Bank Car Loan Overview

    Own your dream car today with affordable auto financing solutions offered by Karur Vysya Bank with a load of benefits. The Flexi Mobile Loan from KVB can be availed by customers to finance new cars bought for personal and business use. Karur Vysya Bank offers doorstep service to customers who opt for a Flexi Mobile loan. The bank sanctions higher loan amounts, depending on the financial situation of the applicant, on a case-by-case basis. Customers can select loan tenures for up to 84 months with flexible repayment options. After approval, Karur Vysya Bank will disburse the sanctioned loan amount directly to the car dealer in the form of RTGS, NEFT, account credit, DD, etc.


    Karur Vysya Bank Car Loan Eligibility

    A Karur Vysya Bank car loan can be procured by any Indian resident for the purchase of new four-wheelers. Individuals involved in car hiring businesses are not eligible to avail a car loan from KVB.

    Factors affecting Karur Vysya Bank Car Loan Eligibility

    There are multiple factors that might affect your eligibility, when you avail a Karur Vysya Bank car loan.

    CIBIL Score - Maintain a good credit score when you are looking to avail any loan. Banks generally approve loans based on the credit history or score of an applicant. Applicants with regular payment patterns are given preference above customers with low credit scores. The CIBIL score of a customer also plays a major part when lenders have to sanction higher car loan amounts.

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    Age - The age of the borrower plays an important part in determining the eligibility for a car loan. Eligibility varies with age and banks sanction different loan amounts based on the age of the borrower. Some banks do not approve loans if the customer does not fall between the required age brackets.

    Employment history - Banks approve loans to customers who are employed with a steady source of income. Applicants are considered eligible if they are employed without any disruptions with sufficient income and savings.

    How do you increase your eligibility for a Karur Vysya Bank Car Loan?

    • Add your spouse, friend or any family member as a co-applicant to improve your Karur Vysya Bank car loan eligibility. The bank will consider the income of the co-applicant along with the applicant’s income and sanction loan amounts based on the combined income shown.
    • It is always a good idea to pay off existing liabilities when go for a new car loan. This will ensure that your debts are less and the banks will easily sanction a loan to you. You will also get additional funds to apply for your new car loan.
    • Try showing some extra sources of funds or savings when you apply for a Karur Vysya Bank car loan as this might improve your eligibility criteria. Banks might accept this criteria as this ensures that the borrower is in a position to comfortably repay the borrowed amount.

    Karur Vysya Bank Car Loan Eligibility Calculators

    While planning to buy a new car, choosing the make or model of the four-wheeler is an easy task. Choosing a suitable auto financing option can also be done quickly depending on the financial situation of the borrower. As a preliminary step, customers must always ensure that they are completely eligible for the car loan they would be availing from a particular bank. Checking their eligibility earlier on, ensures that they do not face any hassles during the approval process and also get their intended loan amount. To help them determine their eligibility for a Karur Vysya Bank car loan, there are intelligent tools called car loan eligibility calculators available online. These tools need certain inputs like monthly income, loan amount, interest rate, car make, name, age, car make, etc. to check if the customer is eligible for the new car loan. Customers can determine their eligibility using a car loan eligibility calculator in a matter of seconds. The tools also gives them the loan amount they are eligible to get from a particular lender based on the inputs done.

    Car Loan Reviews

    • Karur Vysya Bank Car Loan
      "Good services"
      0.5 4.0/5 "Great!"
      My car loan is from Karur Vysya Bank. I had been a long time customer of this account and I have also used the other financial products of this bank. The process which they follow is neat. I am happy with their services. The rate of interest and charges was also pretty nominal.
      Was this review helpful? 1
      , hosur
      Reviewed on Jul 23, 2016
    • Karur Vysya Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have got the car loan with the Karur Vysya Bank. I am happy with the rate of interest. They works with me and they are excellent which makes me to stick with them. The loan got disbursed within an hour of time, which surprised me. Everything in the hands of the manager, he issued the DD first and he started to do the process.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 25, 2015
    • Karur Vysya Bank Car Loan
      "Good!!!"
      0.5 4.0/5 "Great!"
      From Karur Vysya Bank I have availed a car loan . I have an account with them already the paper work was easy and fast. Less documents were collected. The disbursal was done within 20 days. The rates and the charges was normal as the other banks. Their service was best.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 26, 2015
    • Karur Vysya Bank Car Loan
      "Best..."
      0.5 4.0/5 "Great!"
      Karur Vysya Bank is excellent. I got a Car Loan of Rs 6.5 Lakhs. 1st day the took my documents and 2nd day they gave me a DD. The response was instant. The interest rate was nominal and the processing fee was also less. I have an option of part payment. For pre-closure they charge the minimum amount. EMI was done according to my convenience. I am happy with service provided by them.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jul 18, 2015
    • Karur Vysya Bank Car Loan
      "Best Bank"
      0.5 5.0/5 "Blown Away!"
      KVB is the best bank as it took only 2 days to approve the car loan amount to my account. I didn't spend much time for the bank formalities. All the work was done easily and the bank took the major part for the loan process. Charges were all nominal.
      Was this review helpful? 1
      , lucknow
      Reviewed on May 09, 2015
    • Karur Vysya Bank Car Loan
      "Good!!!"
      0.5 4.0/5 "Great!"
      I applied loan from KARUR VYSYA BANK before 3 years. Overall experience I had with KARUR VYSYA was good... And the customer support was good and they provided me with all the information. The fee and charges are normal compared to the other banks.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Apr 10, 2015
    • Karur Vysya Bank Car Loan
      "Great experience"
      0.5 5.0/5 "Blown Away!"
      I just went directly to the branch of Karur Vysya bank where I have an account for availing a car loan. I met the manager of the bank and submitted all the required documents to him. On the same all the formalities were completed and my loan was sanctioned within 2 hours. I didn't had any much trouble also in availing the loan. Response was too good.
      Was this review helpful? 3
      , goa
      Reviewed on Aug 04, 2014
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