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Karur Vysya Bank Car Loans

The bank was established in 1916 by the two illustrious sons of Karur, the late Shri M.A. Venkatarama Chettiar and the late Shri Athi Krishna Chettiar. Over the years, KVB has emerged as a strong bank with healthy fundamentals. The Bank has crossed several milestones over the past 89 years and enjoys a premier position in the banking industry today.

A tailor made easy finance scheme design for professionals, businessmen, traders and individuals to help you own a car. Our loans also help you buy second-hand cars own use.


  • Finance up to 80% of the vehicle cost + Life Tax + accessories
  • Maximum Amount : Rs. 7.50 Lacs
  • Eligibility
    • Individuals / Proprietorship / Partnership / Corporate
      Except those engaged in Car hiring business
  • Rate of interest : 8.50%
  • Processing charges : 0.5% (Minimum Rs.250/- and Maximum Rs.1,500/-)
  • Documentation Charges : 0.5% (minimum Rs.250/- and Maximum Rs.500/-)
  • Repay in 60 monthly installments (EMI’s)
  • Second-hand cars are financed at 30% margin ( not older than 5 years )
  • Instant loan facility and simple procedures
  • Guarantor Proprietor / Partners / Directors / Kartha & Others in their
    individual capacity

  • No other hidden charges
  • No pre-payment charges

Contact Information(Head Office)

II Floor,
568, Anna Salai,
Teynampet, AGM
Chennai- 600 018. (T.N.)
Tel. : +91 44 24314185, 24314186, 24314187
Mobile- 98412-71534
Fax : 044-24314416

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