Karur Vysya Bank Car Loan Interest Rate at 9.35% to 15.20%

INTEREST RATE9.35% to 15.20%
PROCESSING FEEAs decided by the bank from time to time
GUARANTOR REQUIREDA suitable Guarantor with sufficient net worth acceptable to the Bank (preferably spouse or family members or friends)
PRE CLOSURE CHARGESAs decided by the bank from time to time
Note: Updated on Feb 2023, for latest interest rates, please visit bank website.

About Karur Vysya Bank

Karur Vysya Bank is a private sector bank in india. It has headquarter in Karur. Karur Vysya Bank was founded on 1916. It has 911 branches and

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Find details about Karur Vysya Bank which includes Karur Vysya Bank Official Website, Karur Vysya Bank ATMs accross the India, Karur Vysya Bank Branches accross the India, Karur Vysya Bank Contact Numbers, Karur Vysya Bank official EmailID, Karur Vysya Bank Headquarter and Karur Vysya Bank Headquarter Address. Find Karur Vysya Bank Car loan purpos, Eligibility, Margin, Repayment of Car Loan ,Security, Documents Required for Car Loan from below.

Other Products of Karur Vysya Bank:

Home LoanPersonal Loan
Education LoanBusiness Loan
Car LoanTwo Wheeler Loan
Gold LoanFD Interest Rates
RD Interest RatesBank ATMs
PPF Account 

Karur Vysya Bank Car Loan Purpose

The loan is for the purchase of a new or second hand car (not older than 5 years) which is for business or personal use, except for car hiring..

Karur Vysya Bank Car Loan Eligibility

  1. Age: 21 to 60 years.
  2. Permanent employees of State/Central Govt., Public Sector Undertakings, Corporations, Private Sector Companies and reputed establishments.
  3. Professionals, self-employed and others who are income tax assessees and persons engaged in agriculture and allied activities.

Karur Vysya Bank Car Loan Documents Required

  1. Applicant's latest photograph.
  2. Age Proof- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
  3. KYC (Know Your Customer) Documents.
  4. Identity Proof (any one): Voter's ID, PAN card, driving license, passport.
  5. Address Proof (any one): Voter's ID, PAN card, driving license, passport, electricity bill, telephone bill or ration card.
  6. Income Proof (any one): Latest salary slip, previous year's Form 16, bank statement for the last 6 months.
  7. Bank Statement or Bank Pass Book of having entries of last 6 months

Karur Vysya Bank Car Loan Amount

60% to 90% of on the road cost of the car (subject to income wise eligibility)


10%- For New Cars
40% - For Old Cars (not Older than 5 Years)

Karur Vysya Bank Car Loan Repayment

New Car - Maximum 84 Months
Pre-used Car - Maximum 60 months


Hypothecation of vehicle.

Tips to Manage Car Loan in a Better Way

(1) Make Proper Schedule for EMIs to be paid

You must make a proper schedule for payment of your EMIs in time and without any hassle or burden.

(2) Never Skip any Payment

Automatic transfer from your bank account is the best option that will make sure that the EMIs are paid every month without fail. In this way, none of the EMIs will skip. This will also help improving your credit score.

(3) Keep Loan Tenure Small

You must keep the car loan tenure as small as possible if your finances permit. It will be beneficial for you in two ways. First, you will get rid of loan in an early manner and second, your interest outgo will be very less as compared to longer tenure car loans.

(4) Make one Extra Payment Every Year

You must try to make an extra payment of loan amount each year. You can do so when you receive any funds like bonus etc. It will reduce your loan tenure or EMIs.

(5) Refinance your Car Loan

You must keep watching other institutions who are offering car loans and their interest rates. If other institution is offering you a car loan at lower interest rate, it would be beneficial to get your car loan refinanced from that institution.

Benefits of Car Loan

  • Higher Loan Amount: Banks offer you a car loan of up to 80-100% of the on-road price of the car in case of new cars. The on-road price of a car includes the ex-showroom price, state government tax and insurance cost of the car.
  • No Need to Liquidate your Investments: If you avail car loan then there is no need to liquidate your investments which you have made for some other purposes.
  • Flexible Tenure: You can go for any loan repayment tenure ranging from 1 year to 7 years according to your choice.
  • Tax Benefits: Car Loan can help you save on tax if you are a self-employed person/ businessman and use the car for legitimate business purposes. If you are a self-employed person/ businessman, you can claim the interest paid on car loan as a business expense. In this way, your taxable income will get reduced by the amount of interest you have paid in a financial year on car loan.

Contact details of Karur Vysya Bank, Karur Vysya Bank SMS balance check number, Karur Vysya Bank SMS banking, Karur Vysya Bank mobile banking, Karur Vysya Bank toll free number,Karur Vysya Bank toll free number 24*7, Karur Vysya Bank miss call number.

  • MISSED CALL NUMBERS - 9266292666
  • CUSTOMER CARE NUMBERS - 18004196500, 022-40426031
  • CONTACT NUMBERS - 18602581916, 18004196500, 022-40426031, 04324-269000

Karur Vysya Bank Contact Details

  • BANK OFFICIAL WEBSITE - www.kvb.co.in
  • CONTACT NUMBERS - 18602581916, 18004196500, 022-40426031, 04324-269000
  • EMAIL ID - customersupport@kvbmail.com
  • MISSED CALL NO. - 9266292666
  • CUSTOMER CARE NO. - 18004196500, 022-40426031
  • BANK ADDRESS - Erode Road, No 20, Vadivel Nagar, L.N.S., Karur - 639002
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