Karur Vysya Bank Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Karur Vysya Bank Car Loan Key Features

Karur Vysya Bank Car Loan Interest Rate Starts @ 7.35%
Min Loan Amount ₹ 100,000
Max Loan Amount
(Loan to Value)
Rs. 75,00,000
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 821
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee Up to Rs. 2000 + GST
Foreclosure Charges 0.40%
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Karur Vysya Bank Car Loan

Karur Vysya Bank is a private-sector bank. It’s headquarters in Karur in Tamil Nadu. This bank provides Net Banking and Mobile Banking Services to its customers.

Karur Vysya Bank offers Car Loans at attractive interest rates to the consumer for buying their dream car either new or second hand. It is a conventional loan which can be acquired who have a good credit/CIBIL score.

Advantages of Karur Vysya Bank Car Loan

Karur Vysya Bank Car Loan

Karur Vysya Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 20000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

Karur Vysya Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate [email protected]% [email protected]%
Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges 2% of the principal outstanding 2% of the principal outstanding
Penal Interest 2% per month 2% per month
Part Payment charges NIL NIL
Cheque/Instrument Swap Charge NIL NIL
Documentation Charge Rs.1000 per instance Rs.1000 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.150 per instance Rs.150 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 per instance
Cheque Bounce/Instrument Return Charges Rs.500 per instance Rs.500 per instance
Issuance of Duplicate Statement Charges Rs.150 per instance Rs.150 per instance
Loan Cancellation/Re-booking Charges Rs.350 per instance Rs.350 per instance
Issuance of Credit Report NIL NIL

Karur Vysya Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Karur Vysya Bank Car Loan EMI Calculator

You have an option to examine the EMI’s before getting a Car Loan. You can easily check through the link below:

Car Loan EMI Calculator

Karur Vysya Bank Car Loan Types

Karur Vysya Bank offers different types of car loans to its customers. The applicant has the option of picking the offer which suits you. Karur Vysya Bank offers the following types of Car Loans:

  1. New Car Loan –  If you desire to buy a new car, this scheme is for you. You can get a car loan from Karur Vysya Bank for a minimum of Rs. 1 lakh and  7 years of minimum tenure.
  2. Used Car Loan – If you desire to buy a used car, you must choose this offers of a minimum loan amount of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose this scheme if you require urgent funds where you can keep your cars as collateral with the bank.

Karur Vysya Bank Car Loan Pre Calculated EMI

How to Apply for Karur Vysya Bank Car Loan?

  1. Visit Dialabank and fill a form.          karur vysya bank car loan
  2. Our Relationship Manager will call and guide you throughout the processing of a car loan.
  3. You can compare various offers from banks and choose which suits you.
  4. You can easily apply for a Car Loan through Dialabank and enjoy best offers.

Karur Vysya Bank Car Loan for Top Selling Cars

Other Available Products from Karur Vysya Bank

Karur Vysya Bank Personal Loan Karur Vysya Bank Gold Loan Karur Vysya Bank Home Loan
Karur Vysya Bank Credit Card Karur Vysya Bank Two Wheeler Loan Karur Vysya Bank Education Loan

FAQs for Karur Vysya Bank Car Loan

✅ What is Karur Vysya Bank Car Loan?

Karur Vysya Bank Car loan is a car loan offered to you for buying a car either new or used.

✅ How can I get Car Loan from Karur Vysya Bank?

You can get a car loan from Karur Vysya Bank by visiting the nearest branch of Karur Vysya Bank. You will get satisfaction to apply from anywhere.

✅How does Karur Vysya Bank Car Loan work?

Karur Vysya Bank provides car loan at attractive interest rates. You can avail a car loan easily and quickly. Karur Vysya Bank provides flexible loan tenure duration.

✅What is the Car Loan Interest Rate in Karur Vysya Bank?

The interest rate charged by Karur Vysya Bank for a car loan starts at 7.35%.

✅How to Check Car Loan status in Karur Vysya Bank?

You can visit the Karur Vysya Bank branch to examine your car loan status. Also, you can check your car loan status through the net-banking services of Karur Vysya Bank.

✅How to calculate Car Loan interest in Karur Vysya Bank?

For the calculation of your car loan interest in Karur Vysya Bank, you have the following information:

  • Loan amount
  • Interest Rate
  • Loan tenure period

You can calculate car loan interest as well as EMI for Karur Vysya Bank using the EMI Calculator.

✅What is the maximum loan amount I can avail on Car Loan from Karur Vysya Bank?

You can get a maximum loan amount for a car loan from Karur Vysya Bank is up to Rs. 75 lakhs.

✅What is the loan tenure of Karur Vysya Bank Car Loan?

The loan tenure duration for a car loan from Karur Vysya Bank ranges from 1 to 7 years.

✅Can I get 100% Car Loan from Karur Vysya Bank?

You can avail up to Rs. 75 lakhs for a car loan from Karur Vysya. To get a 100% Car loan, you must visit the online platform of Dialabank.

✅How much processing fee is applicable on Karur Vysya Bank Car Loan?

Karur Vysya Bank charged a processing fee is 0.40%.

✅What are the EMI options available on Karur Vysya Bank Car Loan?

Your car loan EMIs are automatically taken from your bank account. Also, you can be paid your car loan EMI through the net banking facility of Karur Vysya Bank.

✅What are the charges for Prepayment in Karur Vysya Bank Car Loan?

Karur Vysya Bank prepayment charges are up to 2% for availing a car loan.

✅Can I get a top-up loan on my existing Karur Vysya Bank Car Loan?

Yes, you can avail a top-up loan on your existing Karur Vysya Bank car loan. Also, you can get a top-up car loan by visiting the online platform of Dialabank.

✅Do I need to provide a guarantor to avail a car loan from Karur Vysya Bank?

Yes, you can avail a guarantor for getting a car loan from Karur Vysya Bank. It will increase your car loan eligibility.

✅How to get Karur Vysya Bank Car Loan Statement?

For getting a car loan statement of Karur Vysya Bank, you can use the mobile banking app of Karur Vysya Bank. Also, you can visit Dialabank online and get offers.

✅How to pay Karur Vysya Bank Car Loan interest online?

You can pay your car loan interest through the net -banking facility of Karur Vysya Bank. If you are searching for a low-interest car loan, you must visit Dialabank online and fill a form there.

✅What if I can’t pay the interest on Karur Vysya Bank Car Loan for 3 months?

If you can’t pay the interest of car loan on Karur Vysya Bank for 3 months, then it will add up to your outstanding loan amount and repayment charges will redraft.

✅How can I apply for EMI Moratorium on Karur Vysya Bank Car Loan?

You can apply for EMI Moratorium on Karur Vysya Bank by visiting the nearby branch of Karur Vysya Bank or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅What is the number for Karur Vysya Bank Car Loan agent?

The number for Karur Vysya Bank Car Loan agent is 1860-200-1916.

✅Can I close Karur Vysya Bank car loan online?

For closing the car loan, you have to pay the loan amount first. You can close your car loan from Karur Vysya Bank by through the net-banking page of Karur Vysya Bank. You have to log in with your details on the net -banking page and pay your car loan.

✅What is Karur Vysya Bank Car Loan Customer Care Number?

The customer care number of Karur Vysya Bank for car loan queries is 1860-200-1916.

✅How can I get NOC from Karur Vysya Bank for a car loan?

You can get a car loan NOC from Karur Vysya Bank when you pay your outstanding car loan amount.

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