Looking for funds to fulfill your urgent needs? There is nothing to worry about as Karur Vysya Bank Personal Loan is here to meet all your needs. Yes, being available with unmatched features and benefits, this personal loan product caters to all your daily requirements by giving you funds instantly. You can easily apply for this loan and avail yourself of the best services without any hassle. 

To know more about personal loans offered by Karur Vysya Bank, read this page further.

Karur Vysya Bank Personal Loan Interest Rates March 2025

Here are the latest Karur Vysya Bank Personal Loan Interest Rates that are given in the table. Make sure to check properly before applying-

Interest rate	13.15% p.a. to 14.15% p.a.
Loan amount	Up to Rs 10 Lakh
Loan tenure	1 to 5 years

Types of Karur Vysya Bank Personal Loan

Karur Vysya Bank offers a variety of personal loans to meet your needs. All these loans can differ in scope and nature, so there’s a need to know about them separately. Below we have listed out Karur Vysya Bank Personal Loans. Take a look at them.

1. Personal Loan Secured 
2. Personal Loan Unsecured 
3. Personal Loan Corporate 
4. Jewel Loan/Over Draft Personal 

Particulars	Details
PERSONAL LOAN SECURED	11.15% - 11.15% p.a.
PERSONAL LOAN UNSECURED	13.15% - 14.15% p.a.
PERSONAL LOAN CORPORATE	12.65% - 12.65% p.a.
JEWEL LOAN PERSONAL	9.55% - 10.75% p.a.

Personal Loan Secured

Karur Vysya Bank offers personal loans primarily for permanent employees of reputed companies, schools, and government institutions. This loan helps cover essential expenses for employees and their dependents, including medical, education, and housing costs. With competitive interest rates and flexible repayment options, it provides financial support for various personal needs.

Processing Charges	0.50%
Collateral Security	No
Max Quantum of Loan	Rs. 25 Lakhs

Features and Benefits of Karur Vysya Personal Loan Secured

• Installment-based loan with flexible repayment options.
• Available for permanent employees with at least 2 years of confirmed service and a minimum of 1 year of remaining service.
• Applicants must not be a defaulter with any bank or financial institution.
• Requires an undertaking letter from the authorized pay disbursing authority.

Charges of Karur Vysya Personal Loan Secured

Margin	NA
Maximum Repayment Tenor	Up to 72 months or the remaining service period, whichever is earlier.
Primary Security	Demand Promissory note
Collateral Security	NIL
Processing Charges	0.50% of the loan amount (minimum Rs.1,000 + GST).
Documentation Charges	Nil

KVB Personal Loan Unsecured

The Karur Vysya Bank (KVB) Personal Loan (Unsecured) is designed for various personal financial needs and unforeseen emergencies. This loan offers flexible repayment options and quick disbursal, making it an ideal solution for urgent financial requirements.

Max Loan Amount (Unsecured)	Rs. 10 Lakhs
Max Repayment Tenor	1 - 5 Years
Quick and Convenient Process	Paperless

Features and Benefits of Karur Vysya Personal Loan Unsecured

• Short-term loan – Designed to meet immediate personal financial needs.
• For personal purposes – Can be used for various expenses like medical, travel, or education.
• Paperless and quick process – Entire application process is digital for convenience.
• Instant in-principle sanction – Approval within 15 minutes, subject to CIBIL and credit score assessment.

Charges and Limits of Karur Vysya Personal Loan Unsecured

Quantum of Loan	Minimum Rs. 0.50 Lakhs Maximum Rs. 10 Lakhs.
Maximum Repayment Tenor	Repayment under EMI up to 60 months.
Primary security	Demand Promissory note
Guarantee	Credit Life Policy
Processing Charges	3.00% of the loan requested amount.
Other Terms & Conditions	At least 25% of gross salary after loan EMI deduction. Mandatory to establish repayment capacity. Branches assess integrity, local standing, and repayment ability. Pre-closure charges are applicable as per bank policy.

KVB Personal Loan Corporate

This Personal Loan is for permanent employees of reputed companies, schools, government institutions, etc., to meet personal and family expenses such as medical, education, and housing. It offers flexible repayment options and a quick approval process, ensuring hassle-free financial assistance.

Max Repayment Tenor	72 Months
Documentation Charges	NIL
Collateral Security	No

Features and Benefits of Personal Loan Corporate

• Installment loan – Repaid in fixed monthly installments.
• Eligibility – Permanent employees with at least 2 years of confirmed service and 1 year of remaining service.
• No defaults – Applicants must not be a defaulter with any bank or financial institution.
• Undertaking required – A letter from the competent pay disbursing authority is mandatory.

Charges and Limits of Karur Vysya Personal Loan Corporate

Margin	NA
Maximum Repayment Tenor	Up to 72 months or the remaining service period, whichever is earlier.
Primary Security	Demand Promissory note
Collateral Security	NIL
Guarantee	Personal guarantees from different employees are to be obtained.
Processing Charges	0.50% of the loan amount, a minimum of Rs. 1,000/- + GST.
Documentation Charges	Nil
Other Terms & Conditions	Minimum take-home pay: 25% of gross salary post-EMI. Corporations, firms, and trusts must be profit-making for the last 3 years. Branches verify the borrower’s creditworthiness, integrity, and repayment capacity. A letter from the competent pay disbursing authority is mandatory. Temporary employees are not eligible for this loan. Dues may be recovered from resignation, retirement, voluntary retirement, or dismissal benefits of the borrower/guarantor.

Jewel Loan/Over Draft Personal

Loans against gold jewelry are one of the quickest and easiest financing options available at Karur Vysya Bank branches. They offer Jewel Loans in two forms: 

• Overdraft (Swarnamitra) for flexible withdrawals and 
• Short-term loans (Jewel Loan - Non-Agri/Personal) for immediate financial needs.

Minimum Loan Amount	Rs.10,000/-
Repayment Tenor	12 Months
Overdraft	0.50%

Features and Benefits of Karur Vysya Jewel Loan/Over Draft Personal

• Loan Type – Available as Jewel Loan - Overdraft (Swarnamitra) or Short-Term Jewel Loan.
• Eligibility – Exclusively for individuals owning gold jewelry.
• Purpose – Designed for personal financial needs.

Charges and Limits of Karur Vysya Jewel Loan/Over Draft Personal

Loan Amount	Minimum Rs.10,000/- Maximum Rs.200 lakhs
Repayment Tenor	Overdraft (Swarnamitra) – Tenure of 12 months, renewable for another 12 months at the discretion of the sanctioning authority. Term Loan – Available for 3, 6, or 12 months based on borrower requirements.
Primary Security	Collateral – Gold jewelry (minimum 22K purity) or bank-sold gold ingots (up to 50g per customer).
Collateral Security	Optional
Guarantee	Optional
Processing Charges	Term Loan : Jewel loan limit Total Charges payable (Processing Fee) up to Rs.0.50 lakhs Rs.0.40 per Rs.100 loan, capped at Rs.200 up to Rs.1 lakh Rs.0.40 per Rs.100 loan, up to a maximum of Rs.400 above Rs.1 lakh and not more than Rs.2 lakh Rs.0.40 per Rs.100 loan, up to a maximum of Rs.800 Loan limit above Rs. 2 lakh and not more than Rs.3 lakhs The flat sum of Rs. 1000 irrespective of the loan quantum Above Rs.3  lakhs A flat sum of Rs. 2000 irrespective of the loan quantum Overdraft: 0.50%
Other Terms & Conditions	Interest to be serviced monthly. Drawing Power at renewal is based on prevailing gold rates set by the bank. The facility shall be availed only by the owners of gold Jewelleries. No exchange of Jewellery/ies is/are permitted. Once an overdraft account becomes irregular or overdue, all the provisions applicable to jewel Loans (Recovery by auction, etc.,) shall be applicable.

Interest Rate of Karur Vysya Jewel Loan/Over Draft Personal

Facility	Interest Rate
Jewel Loan Personal	Minimum 9.55%  Maximum 10.75%

• No foreclosure/prepayment charges on retail term loans with floating interest rates.
• ROI Conversion – Switch from floating to fixed rates (visit branch for details).
• Floating rate adjustments – Borrowers can request:

I. EMI increase, tenure extension, or both.
II. Partial or full prepayment.

• Switching limit (once in 2 years) based on loan tenure:

>20 years – 6 times
>15-20 years – 5 times
>10-15 years – 4 times
>5-10 years – 3 times
>3-5 years – 2 times
≤3 years – 1 time

Eligibility Criteria For Karur Vysya Bank Personal Loan

Here are the eligibility criteria for the Karur Vysya Bank Personal Loan -

• Age at least 21 and less than 58
• Applicant must be an Indian resident or a person residing in India

Know Your Eligibility for Karur Vysya Bank Personal Loan

Know your personal loan eligibility at Karur Vysya by using the eligibility calculator. The calculator computes the value using the savings amount, tenure and the rate of interest. Look at the example below:

If you save around INR 40,000 per month out of your monthly income of INR 80,000 then, the loan amount you are eligible for will range between INR 11.31 Lakhs – INR 11.71 Lakhs at the selected tenure and rate of interest. The installment amount will range from INR 3,413 – INR 3,535 which you can easily pay from your monthly savings.

• Amount – INR 1 lakh
• Loan Tenure – 3 years
• Rate of Interest – 13.9%-16.4% p.a.
• Your monthly EMI is going to be INR 3,413 – INR 3,535
• So your calculation for personal loan would be
• INR 1 Lakh x 40,000/3413=INR 11.71 Lakhs and INR 1Lakh x 40,000/3535=INR 11.31 Lakhs

Karur Vysya Bank Personal Loan EMI Calculator

Excited to know your personal loan EMI? Well, let’s get started with Wishfin’s Karur Vysya Bank Personal Loan EMI Calculator because this is the device that can do wonders for you. It tells you the exact amount of your EMIs, hence giving you an enjoyable loan experience. The Equated Monthly Installments are the amalgamation of interest and principal that you pay each month to repay the borrowed loan amount. 

Let’s understand this thing with the help of an example below:

For Example: If you are interested in availing a loan of Rs. 3,00,000 from Karur Vysya for 5 years at an interest rate that ranges between 9.55% p.a. - 14.15% p.a., then should know about the monthly EMIs that you have to pay each month after availing the loan. Go through the table below for it -

You have to put the three details only - 

• Loan Amount 

• Loan Tenure 

• Interest Rate

TENURE	LOAN AMOUNT	INTEREST RATE (9.55% p.a)	INTEREST RATE (14.15% p.a)
1	Rs. 3,00,000	Rs.26,312.02	Rs.26,957.31
2	Rs. 3,00,000	Rs.13,781.25	Rs.14,425.13
3	Rs. 3,00,000	Rs.9,616.90	Rs.10,275.16
4	Rs. 3,00,000	Rs.7,544.11	Rs.8,220.53
5	Rs. 3,00,000	Rs.6,307.89	Rs.7,003.83

Documents Required For Karur Vysya Bank Personal Loan Application

Documents to be submitted along with the application form are as follows:

Salaried	Self-employed
Signed Application Form with Photograph	Signed Application Form with Photograph
Copy of Passport/Voter ID Card/Driving License	Copy of Passport/Voter ID Card/Driving License
Processing Fee Cheque	Processing Fee Cheque
Last 3 Months Bank Statement/6 Months Bank Passbook	Last 3 Months Bank Statement/6 Months Bank Passbook
Latest Salary Slip	Latest Bank Statement
Current Dated Salary Certificate with Latest Form 16	Latest ITR or Form 16

Other Fee/ Charges of Karur Vysya Bank Personal Loan

Processing fee	1.50% of the loan amount you applied for
Foreclosure charges	NIL ( floating rate)

Features & Benefits Karur Vysya Bank Personal Loan

• Maximum Loan: You can borrow the desired fund as per your requirement. With the help of different schemes of Karur Vysya Bank personal loan, you can meet your financial needs.
• Flexible Tenure: The repayment period varies from 3 to 6 years depending on the personal loan scheme.
• A reasonable rate of interest: You get a fixed rate of interest on your borrowed amount. 

Conclusion

Karur Vysya Bank Personal Loan is a financial solution designed to cater to various personal and professional needs. Whether it is an unsecured loan for urgent expenses, a secured loan for employees, a corporate loan, or a jewel loan for quick financing, Karur Vysya Bank ensures a seamless borrowing experience with minimal documentation and quick approvals. With its customer-centric approach, the bank makes borrowing hassle-free, empowering individuals to achieve their financial goals efficiently.

FREQUENTLY ASKED QUESTIONS

1. What are the minimum salary criteria for a Karur Vysya Bank personal loan?

Salaried applicants must have a minimum annual take-home salary of Rs.1.80 lakh. After deducting the EMI, the applicant's take-home salary should be at least 25% of their gross salary to ensure repayment capacity.

2. What is the interest rate for Karur Vysya Bank Personal Loan?

The interest rate for Karur Vysya Bank Personal Loan ranges between 13.15% p.a. to 14.15% p.a., depending on the loan type and applicant’s profile.

3. What is the tenure available for Karur Vysya Bank Personal Loan?

The loan tenure ranges from 1 year to 5 years, depending on the type of personal loan.

4. What are the processing fees for Karur Vysya Bank Personal Loan?

• Secured and Corporate Loans: 0.50% of the loan amount (minimum Rs.1,000 + GST).
• Unsecured Loans: 3.00% of the loan amount.
• Jewel Loans: Rs.0.50 per Rs.100 loan (capped based on loan amount).

5. Can I prepay or foreclose my KVB Personal loan?

Yes, foreclosure and prepayment are allowed under Karur Vysya Bank Personal Loan. There are no foreclosure/prepayment charges on floating-rate retail term loans.

6. What documents are required for a Karur Vysya Bank personal loan application?

The documents you needed while applying for the Karur Vysya Bank Personal Loan - 

• Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport, or Driving License.
• Address Proof: Utility Bills, Rental Agreement, Aadhaar Card, or Passport.
• Income Proof: Salary slips (for salaried applicants) or ITR/Form 16 (for self-employed).
• Bank Statements: Last 3-6 months' bank statement/passbook.