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Karur Vysya Bank (KVB) Home Loan, Interest Rate and EMI Calculator Jan 2019

(Updated on 12.01.19) Karur Vysya Bank Home Loan Jan 2019 – Get Instant Quick & Easy Approval on Karur Vysya Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

Karur Vysya Bank Home Loan – Get Instant Quotes Online

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Karur Vysya Bank Home Loan

Karur Vysya Bank provides Home Loan with its compelling home loan features to the borrowers for purchasing flats, villas, or ready built houses. Karur Vysya Bank Home Loan can be availed at the most competitive home loan rates with nil repayment charges, insurance coverage for the borrower, less processing fees and lots more. Check your home loan eligibility today by using Karur Vysya Bank Home Loan Eligibility Calculator and get the best deals with instant loan disbursal.

Karur Vysya Bank also provides personal loan to customers seeking immediate cash at time of financial emergencies.

Karur Vysya Bank Home Loan Interest Rate

Interest Rate  Starting from 8.90% to 11.65%
Processing fee range Loans up to Rs.25 Lacs – Rs.2500/-+GST, Loans Between Rs.25 Lacs  & Rs.50 Lacs – RS.5000/- + GST
Loan Amount Rs. 30 lakhs & above
Tenure 25 years

Karur Vysya Bank Home Loan EMI Calculator

Karur Vysya Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Karur Vysya Bank Home Loan Features

  • Loan for construction of Independent Houses, for outright purchase of Independent Houses, Flats (not older than 15 years), for purchase of plots and construction there on, for Take over of Loans from another Bank / FI’s, for Improvement/ Repairs/ Additional construction/Renovation of existing houses or flats, and for purchase of Plots or Flats developed by Government Authorities.

  • Insurance coverage available to the extent of Loan amount with LIC, SBI Life and BSLI as single premium payable by the Borrower.

  • Processing fee waived off on loan up to Rs. 30 Lakhs

  • Home loan on floating rate of interest.

  • Best EMIs options available

Karur Vysya Bank Home Loan for NRIs and PIOs

  • KVB to cater the needs of Non resident Indians (NRI) and Persons of Indian Origin (PIO) has designed a specific Product in the name of KVB- NRI – Gruhapravesh.

  • Home loan margin is 20%

  • Maximum loan repayment is 25 years.

  • Floating Rate of Interest is followed.

  • Equitable mortgage by deposit of title deeds, Registered mortgage when considered necessary.

  • 0.25% + ST of loan amount for Loans up to Rs.25.00 Lakhs, Rs.10000.00 + ST For loans between Rs.25.00- Rs.75.00 Lakhs, Rs.20000.00 + ST for loans above Rs.75.00 Lakhs.

  • Housing loan in INR availed of by NRIs / PIOs can be repaid by close relatives of the borrower in India.

  • Funds transfer from NRE / FCNR / NRO accounts.

  • Interest is applied on the basis of daily reducing balance.

Karur Vysya Bank Home Loan Eligibility

  • All Resident Individuals and HUF (opening through Kartas) .

  • NRI ‘s can also avail the loan under KVB – Gruhapravesh.

  • Non resident Indians (NRI) and Persons of Indian Origin (PIO) shall avail the loan.

  • Minimum age 25 years.

  • Valid Indian Passport holder (For NRIs) / Valid foreign passport holder (For PIOs).

  • NRIs and PIOs should have steady source of income, should be employed abroad for at least 2 years, valid job contract or work permit.

Collateral Security : Optional (NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc.,)and Equitable Mortgage of Land & building.

  • A suitable Guarantor with sufficient net worth is required for loan approval.

Karur Vysya Bank Home Loan Documents Required

  • For Salaried Persons: Salary certificate for the last 6 Months to be submitted along with certificate from the Employer.

  • For Self Employed:Latest ITR/Income Statement to be submitted.

  • The Net Take Home pay shall be at least 40% of gross pay after loan installments deduction.

  • To increase loan eligibility Income of the spouse may be added.

  • Agriculturist may also avail the loan with proper proof of income (IT Return).

  • Other Documents need to be submitted as per bank’s requirements.

Karur Vysya Bank Home Loan PrepaymentsNo prepayment charges will be levied.

Karur Vysya Bank Home Loan Margin January 2019

Loan tenure Margin
For New Houses/Flat 25%
For Old Houses/Flat (Repayment up to 15 Years) 30%
For Old Houses/Flat (Repayment above 15 Years) 35%

KARUR VYSYA BANK HOME LOAN MCLR January 2019

Loan Tenure MCLR Rate
Overnight 8.55%
1 Month 8.55%
3 Months 8.90%
6 Months 9.35%
1 Year 9.65%

Latest News About Karur Vysya Bank

(29.07.17) KVB Bank net profit increases by 1 per cent at Rs. 148 crore – Karur Vysya Bank has posted a net profit of Rs 147.97 crore for the quarter ended June 30, 2017, a marginal increase compared to Rs 146.35 crore during the same quarter of previous fiscal. The total income grew 4.72 per cent to Rs 1,620.38 crore as compared to Rs 1,547.31 crore during the corresponding quarter of last year.(Sources: Business-Standard)