Karur Vysya Bank Personal Loan EMI Calculator

KVB Personal Loan EMI Calculator

The Karur Vysya Bank (KVB) Personal Loan EMI Calculator is a simple tool that helps you estimate your monthly repayments based on your loan amount, tenure, and interest rate. Whether you’re planning for a wedding, travel, home renovation, or any other personal expense, this calculator helps you understand the financial commitment in advance.

How the KVB Personal Loan EMI Calculator Works

The calculator uses the following formula to compute your EMI (Equated Monthly Installment):

 

EMI = [P × R × (1 + R)N] / [(1 + R)N – 1]

Where:

P = Loan amount

R = Monthly interest rate (annual rate ÷ 12 ÷ 100)

N = Loan tenure in months

 

Once you input your loan details, the calculator instantly displays:

– Monthly EMI

– Total interest payable

– Total repayment amount

 

Key Inputs

– Loan Amount: Enter the amount you wish to borrow (e.g., ₹50,000 to ₹10,00,000).

– Interest Rate: Enter the applicable annual rate. KVB currently offers personal loan interest rates starting from 9.40% p.a. (as of Q1 FY 2024–25).

– Loan Tenure: Choose a tenure between 12 to 60 months (1 to 5 years).

Example

For a loan of ₹2,00,000 at 10.50% interest for 3 years:

EMI = ₹6,502

Total Interest = ₹34,078

Total Repayment = ₹2,34,078

Benefits of Using the Calculator

– Instant Results: No need for manual EMI calculations.

– Accurate Planning: Know your EMI and total outflow in seconds.

– Compare Scenarios: Adjust values to find the best loan structure.

– Budgeting Made Easier: Helps ensure your EMI fits your monthly budget.

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.