Karur Vysya Bank Home Loan Interest Rate, Apply, Eligibility 2024

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If you want to take advantage of Karur Vysya Bank Home Loan then this article is for you. home loan one secured loan comes under the category of Like other banks, Karur Vysya Bank also provides customers Home Loan provides the facility of It is the dream of every person to have his own house.

If you do not have your own house and want to buy a house, then you can join Karur Vysya Bank Home Loan. In this article, we will know what is Karur Vysya Bank Home Loan, what is the interest rate, documents, eligibility etc. of this loan, so read this article till the end.

Karur Vysya Bank Home Loan 2024

Anyone can take a home loan to buy, build or renovate a house. To take this loan, customers will have to apply, which they can do online or offline.

Before giving the home loan amount, the credit history of the customer is seen by the bank, so before applying for KVB Home Loan, you should check your credit history. CIBIL Score Be sure to check If your CIBIL score and income is high then you can get home loan up to higher loan amount.

The process of Karur Vysya Bank Home Loan is completely paperless. Your loan can be approved in just 15 minutes if your CIBIL and rating score is subject to the satisfaction of the bank. Karur Vysya Bank Home Loan maximum loan tenure is up to 25 years. No prepayment charges are levied on prepayment of loan. The maximum stay period is up to 24 months. from this bank Pradhan Mantri Awas Yojana You can get subsidy on home loan under

If you belong to Karur Vysya Bank personal loan If you want to take advantage of this then you can click on this link You can apply for this personal loan by clicking on Karur Vysya Bank Personal loan.

Key Features of Karur Vysya Bank Home Loan:

• Loan Name: Karur Vysya Bank Home Loan 2024
• Lender Name: Karur Vysya Bank
• Interest Rate : Starting from 8.60% pa
• Loan tenure: Maximum 25 years
• Prepayment Fee: No Prepayment Fee
• Official Website : https://www.kvb.co.in/

Karur Vysya Bank Home Loan Interest Rates 2023

Karur Vysya Bank Home Loan interest rate starts from 8.60% p.a. For information about the current interest rate, you can contact the customer care number of the bank or by visiting the nearest bank branch. Before taking a personal loan, we should Personal Loan Interest Rate 2024 Similarly, before taking a home loan, we need to know about Home Loan Interest Rate 2024 It is necessary to have information about

If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face problems at the time of repayment of the loan.

You can understand the KVB Home Loan interest rate on the basis of the table given below :

Home Loan / NRI Griha Pravesh	Minimum 8.60% to Maximum 9.50%
Housing Loan Topup	Minimum 8.85% to Maximum 9.35%

Benefits and Features of KVB Home Loan

• Anyone can take advantage of Karur Vysya Bank home loan to fulfill their dream of home.
• You can take this home loan to build a house, buy a house or renovate your home.
• If you fulfill all the conditions of the bank then your loan will be approved in just 15 minutes.
• Karur Vysya Bank Home Loan is completely paperless.
• You can take this loan for a maximum loan tenure of 25 years.
• Karur Vysya Bank offers a wide variety of home loan schemes.
• The interest rate of this home loan starts from 8.60% p.a.
• No foreclosure charges / part prepayment penalty will be levied on all retail term loans sanctioned under floating rate of interest.

Karur Vysya Bank Home Loan Schemes

KVB Bank offers various types of Home Loans. You can apply for the loan you want to take advantage of. These home loans are as follows :

• KVB Griha Pravesh for NRIs
• happy home loan

KVB Griha Pravesh for NRIs

• This home loan is for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).
• to buy a ready-made house in India, for the construction of a new house in India, for the purchase of land and then for the construction of the house.
• The maximum loan tenure of this loan is 25 years.
• Maximum leave period up to 24 months.

happy home loan

• The benefit of this loan is a resident of India or HUF can take
• can avail Happy Home Loan to buy, build or renovate a home.
• All residents of India can take advantage of this loan.
• You can take this loan for purchase of plot and construction of house there.
• This loan can be taken for the purchase of plots or flats developed by the government authorities.
• To take loan from any other bank/financial institution.
• house or flats For the purchase of which should not be more than 15 years old, you can take advantage of this Karur Vysya Bank Home Loan.
• Maximum leave period up to 24 months.

Karur Vysya Bank Home Loan Eligibility

You can apply for this home loan only when you fulfill all the conditions of this loan. If you are not eligible for this loan then you cannot apply for this loan. Karur Vysya Bank mainly offers two types of home loans. The eligibility for both is also different. The eligibility is as follows:

Eligibility for KVB Griha Pravesh Home Loan for NRIs:

• Any Non-Resident Indian (NRI) and Person of Indian Origin (PIO) can avail this loan.
• The minimum age of the applicant should be 23 years.
• The person applying should have valid Indian passport (for NRI) / valid foreign passport (for PIO).
• The applicant must have a stable source of income.
• be working abroad for at least 2 years.
• Valid job contract or work permit.
• should have a minimum monthly income of US $1500 or a minimum annual income of US $18000.

Eligibility for Happy Home Loan:

• All residents of India can take advantage of this loan.
• Applicant can get this loan under Griha Pravesh.
• This loan can be taken for the purchase of a house or flat but it should not be more than 15 years old.
• You can take this loan to buy land and build your house there.

KVB Home Loan Documents Required

Before applying for Karur Vysya Bank Home Loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. For Karur Vysya Bank Home Loan To apply you must have the following documents:

Documents for Salaried:

• Salary slip of last 6 months
• residential address proof
• Income tax return proof of last 2 years
• property related documents
• identity proof

Documents for Self Employed:

• Income tax return proof of last 2 years
• residential address proof
• property related documents
• identity proof

Documents for NRIs:

• Valid Indian Passport for NRIs
• Valid Foreign Passport for PIO (Person of Indian Origin)
• Proof of employment of at least 2 years abroad
• Overseas Work Permit Proof
• Minimum monthly income of $1500 or annual income of $ 18000 or equivalent in any other foreign currency

Terms and Conditions for availing KVB Home Loan

• In case of salaried individuals: ITR of average two years along with certificate from employer for last 6 months salary certificate will be required to be submitted.
• In case of self-employed: ITR/Income statement of latest 2 years has to be submitted.
• will be at least 25% of the gross salary after deducting the proposed loan installments.
• can be given for purchase of vacant land and construction subject to commencement and completion of construction within a period of 24 months from the date of availing the loan.
• No prepayment charges will be levied by the bank on the home loan.

Karur Vysya Bank Home Loan Apply

If you fulfill all the conditions of this loan then you can apply for it online and offline. Information about the process of applying is given here.

KVB Home Loan Online Apply

• First of all you have to visit the official website of the bank www.kvb.co.in

• On the home page of the website, in the option of Personal > Loans > Home Loans Click on this option will appear.
• On the next page, all the Karur Vysya Bank Home Loan Schemes will appear in front of you.
• Click on the loan you wish to apply for.
• On the next page, all the information related to that home loan will come in front of you.
• You have to read this information correctly.
• To apply, you will see the option of Apply Now on this page, click on it.
• A form will open in front of you.
• Enter the requested information in the form and submit the form.
• After that the bank tax representative will contact you and the loan process will be continued further.

How to apply offline ?

• To apply offline, you have to first go to your nearest bank branch.
• You have to contact the bank employee by going to the bank branch.
• The bank employee will provide you all the information related to the home loan.
• After that the document will be verified.
• Then you have to fill a form and submit that form on the same.
• After that the process of your loan will be continued by the bank.

KVB Home Loan Fees and Charges

margin	10% to 30%
Maximum Repayment Period	25 Years (Including Holiday Period) – EMI
maximum vacation period	maximum 24 months

Processing Fee:

Rs.25 lakh	Rs.2,500 + GST
Loan amount between Rs 25 lakh to 50 lakh	Rs.5,000 + GST
Loan amount above 50 lakhs	Rs.7,500 + GST
primary protection	common mortgage of land and building
security of bail	Optional (NSC/KVP/LIC Policies, Bank Deposits, Land and Building etc.)
Guarantee	Where a co-applicant is not available, a suitable guarantor
Insurance coverage for the borrower	LIC, SBI Life and BSLI (available if the borrower is interested)

KVB Home Loan Calculator

Before applying for the loan, you should calculate the EMI (Equated Monthly Installment) of your loan. You can go to the official website of the bank Home Loan EMI Calculator With the help of this you can calculate the EMI of your loan. The EMI of the loan depends on three main factors – loan amount, interest rate and loan tenure. If you apply for that loan without calculating the EMI of the loan, then you may face difficulties at the time of repayment of the loan.

KVB Home Loan Customer Care Number

If you have any other type of information regarding this home loan, then you can get information by calling Karur Vysya Bank Home Loan Customer Care Number.

• Helpline (Domestic) : 1860 258 1916
• Helpline (Outside India) : +91 44 – 66217600
• Email : [email protected]

Conclusion:

In this article we have given you How to Get Karur Vysya Bank Home Loan Tried to give complete information about Any person who wants to take home loan from Karur Vysya Bank can apply for this loan by reading this article.

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FAQs on KVB Home Loan