Karur Vysya Bank Home Loan

Karur Vysya Bank offers home loans at an affordable rate of interest and starts at 7.95% p.a. The processing fee charged by the lender Starts from Rs.2,500 plus GST. The repayment tenure for the availed loan can go up to 30 years.

Karur Vysya Bank

We found 1 Karur Vysya Bank Home Loan

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Interest Rate

6.5%6.5%
  • Interest Rate range:

    6.5% - 6.5%

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KARUR VYSYA BANK HOME LOAN
  • Karur Vysya Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    6.50%

    Tenure

    :  

    1 - 25 Years

    Processing Fee

    :  

    ₹ 2,500 - ₹ 7,500

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Karur Vysya offers home loans for both resident Indians and NRIs (Non-Resident Indians) at attractive interest rates starting from 7.95% p.a. The repayment period is 25 years and the applicable processing fee ranges from Rs.2,500 to Rs.7,500 plus GST (Goods and Services Tax).

Karur Vysya Bak Home Loan

Karur Vysya Bank Home Loan Schemes

  • Housing Loan Top-up
    • Interest Rate: 8.20% p.a. to 10.50% p.a.
    • Processing Fee: Rs.2,500 to Rs.7,500 + GST
    • Flexible repayment tenures of up to 25 years
    • Financing of up to 90% of the total property cost
    • No prepayment charges
  • KVB Gruhapravesh for NRI
    • Interest Rate: 7.95% p.a. to 10.90% p.a.
    • Processing Fee: Rs.2,500 to Rs.7,500 + GST
    • Flexible repayment tenures of up to 25 years
    • Financing of up to 90% of the total property cost
    • No prepayment charges

Compare: Home Loan Interest Rate all Banks

Karur Vysya Bank Home Loan EMI Calculator

Manage your finances in a better way by calculating your EMI (equated monthly instalment) beforehand. That way, you will be able to know how much money you have to put aside for monthly instalments and processing fee (paid upfront).

To compute, you can use Home Loan EMI Calculator. The entire process is relatively simple with a quick turnaround time. All you need to do is enter all the relevant details related to your loan, including the loan amount, rate of interest, tenure, and processing fee, and hit calculate to check your monthly instalment. This will be followed by an amortisation table giving you a complete breakdown of your payment schedule.

Karur Vysya Bank Home Loan Eligibility Criteria

Age

23 years to 65 years

Type of Employment

Salaried and self-employed

Nationality

Resident Indians and NRIs

Documents Required for Karur Vysya Bank Home Loan

For salaried

  1. Identity proof
  2. Residential address proof
  3. Last 6 months' salary slips
  4. Last 2 years' Income Tax Returns proof
  5. Property-related documents

For self-employed

  1. Identity proof
  2. Residential address proof
  3. Last 2 years' Income Tax Returns proof
  4. Property-related documents

For NRIs

  1. Valid Indian passport for NRIs
  2. Valid foreign passport for PIOs (Persons of Indian Origin)
  3. At least 2 years of employment (overseas)
  4. Overseas work permit proof
  5. Minimum monthly income of $1500 or annual income of $18000 or equivalent of the same in some other foreign currency

Sign up for Karur Vysya Bank Home Loan schemes and enjoy attractive interest rates. There are no prepayment charges, so if you plan to foreclose your loan to save on interest, you can do so without paying any penalty charges. Read the fine print carefully before signing up.

FAQs on Karur Vysya Bank Home Loan

  • Who can apply for Happy Home Loans offered by Karur Vysya Bank?

    All resident Indians can apply for Happy Home Loans. 

  • What is the maximum repayment term for Happy Home Loans?

    The maximum repayment term for Happy Home Loans is 30 years. 

  • Are there any prepayment charges for Happy Home Loans?

    No, there are no prepayment charges for Happy Home Loans.

  • Does Karur Vysya Bank offer home loans to NRIs?

    Yes, Karur Vysya Bank offers the KVB Gruhapravesh for NRI scheme for NRIs. 

  • What is the minimum age requirement to avail the KVB Gruhapravesh for NRI?

    The applicant must be at least 23 years old to avail the KVB Gruhapravesh for NRI.

  • What factors affect the interest rate on a KVB home loan?

    The KVB home loan is influenced by a number of factors including the loan amount, credit score, level of income, market interest rate, loan quantum, etc. 

  • Can I apply for a Karur Vysya Bank home loan online?

    Yes, you can visit the official website of Karur Vysya Bank and apply for a home loan. 

News on Karur Vysya Bank Home Loan

Karur Vysya Bank Plans to Set Up Home Loan Departments in Mumbai and Bangalore

Following a 25% increase in loan disbursals as of March of the previous fiscal year, the private sector Karur Vysya bank has developed plans to open branches specifically for home loans. Ramesh Babu, the managing director and CEO of Karur Vysya Bank, stated on Tuesday that the bank, which is situated in Tamil Nadu, also intended to open 35 additional branches and 500 business correspondents this year.

21 June 2023
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