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Karur Vysya Bank Personal Loan EMI Calculator

RBI slashes repo rate by 25 bps to 5.75 per cent (June 6, 2019)

KVB personal loans are offered at attractive interest rates so that your EMIs can be as low as Rs.2,278 per lakh borrowed. The current interest rate on the Karur Vysya Bank personal loan starts from 13.05% p.a.

Rs.3 lakh @15.66% p.a. 2 years 3 years 5 years
Equated Monthly Instalment (EMI) (Rs.) 14,640 10,497 7,241
Total Interest Payable (Rs.) 51,366 77,886 1,34,480
Processing Fee (Rs.) 1,500 1,500 1,500
Total Amount Payable (Rs.) 3,52,866 3,79,386 4,35,980

Example – Suppose you have taken a personal loan of Rs.3 lakh from KVB. The interest rate on the loan may be 15.66% p.a. and the processing fee may be 0.5% of the loan amount. Based on this, your personal loan repayment details for different tenures are shown above.

How does the KVB personal loan EMI calculator work?

This is an easy-to-use tool which provides an instant output in less than a second, with graphs and charts to help you analyse the monetary aspects of the loan. Before using the calculator, be ready with basic information from the proposed loan such as the amount, rate of interest, tenure and the processing fee (if any). Once you have these details handy.

Follow 4 Easy steps below to get the KVB Personal Loan EMI amount and repayment table.

  • On scale one titled “Loan Amount”, move the slider slowly to choose the proposed loan amount.
  • On scale 2, follow the same procedure as above to freeze the loan tenure in years and months.
  • In the fields that follow, key in the interest rate and processing fee in percentage.
  • Now, validate the details provided to ensure accuracy and click “Calculate”.

You now have the installment amount displayed on the screen followed by a breakup of interest and other charges in the form of a pie chart. When you scroll down further, the repayment table greets you with a breakup of payments, month wise.

Features and Benefits

EMI Amount

The most appealing benefit of using this tool is to calculate the EMI amount. When you know what you’ll be paying into the loan well in advance, it helps in planning the monthly budget and also to alter the loan terms to match other financial commitments.

Breakup of Finance Charges

With the pie chart, you can analyse the total interest charges paid into the loan for the fixed term. This not only provides details of the overall costs involved, but also equips you with information to negotiate a lower deal if the charges are heavy.

Repayment Table

This table is like a loan statement in advance which helps in analysing the movement of the loan during the term. It offers a detailed breakup of principal and interest charges which feed the EMI each month and helps in making critical decisions pertaining to the loan such as pre-closure.

KVB Personal Loan Calculator FAQs

  1. Is the information provided by the EMI calculator precise?

    The calculations are based on the universal formula used to arrive at the EMI numbers and is nearly accurate. There may be slight variations due to additional charges taken into account by the bank. You can contact the representatives at KVB for confirmation.

  2. Will this tool come handy to calculate compare loan offers from other banks as well?

    This tool can be used to calculate the EMI and compare offers from other banks and lenders as well. Follow the same procedure as provided in the sections above to get the required output.

A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

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