Karur Vysya Bank offers home loans starting at 8.05% p.a. for terms of up to 25 years and loan amounts of up to 90% of the property's value. It also provides a balance transfer opportunity to existing home loan borrowers with reduced interest rates from other lenders. Read on for more information on KVB home loans.
Here is the table to show the Karur Vysya Bank home loan interest rate 2024-
Types of Loan Schemes |
Karur Vysya Bank Home Loan Interest Rate 2024 |
KVB Housing Top Up Loan |
8.05% – 10.25% |
KVB Happy Home Loan |
8.05% – 10.25% |
KVB Gruhapravesh for NRI |
8.05% – 10.25% |
Here is the list of the types of home loans offered by the bank; you can derive the KVB home loan interest rate table above if you want to know the Karur Vysya Bank housing loan interest rates-
All of the residents can get this loan, including HUFs. The motive of this scheme is to buy a house, flat, or plot, construct, renovate, repair, extend, and more. This tenure will range to a period of 25 years. The loan amount for this loan will range from 70 per cent to 90 per cent of the value of the property. There is also insurance coverage available on this scheme.
The borrower of this loan can be an NRI or a PIO. This loan will serve the objective of buying a ready-to-move-in house within the country. It can also construct a new home within India, improve, extend an existing house in India, purchase land in the country for construction within six months and transfer the existing home loan account from the financial institutions to KVB Bank.
The tenure of this loan scheme is from 25 years, or it is subject to liquidation of the loan by the age attainment of 70. The amount of this loan will range from 70% to 90% of the value of the property. If the borrower is interested, there is also interest coverage over the loan.
There is a processing fee for the home loan that you will apply for with the bank, and it is mentioned below.
Processing Fee - Min 2500 & Max. 7,500 (excluding GST)
The process to apply online for a home loan from KVB is simple, and it is-
Step 1: You will have to go to the official KVB website.
Step 2: On the website, you will have to navigate to the loan section and click on home loans.
Step 3: Now, you will have to choose to apply for a home loan.
Step 4: The page will give you an eligibility test, and direct you towards completing the application where you will have to fill in all of your details.
Step 5: After filling in all the details and attaching the documents you can submit the application.
Once this has been done, you will be contacted by the bank regarding your application.