Karur Vysya Bank Home Loan Interest Rate at 9.23% to 10.73%
| INTEREST RATE | 9.23% to 10.73% |
| LOAN TENURE | 25 Years |
| PROCESSING FEE |
|
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | Nil |
Calculate Karur Vysya Bank Home Loan EMI Calculate EMI Now
About Karur Vysya Bank
Karur Vysya Bank is a private sector bank in india. Karur Vysya Bank was founded on 1916. It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about Karur Vysya Bank which includes Karur Vysya Bank Official Website, Karur Vysya Bank ATMs accross the India, Karur Vysya Bank Branches accross the India, Karur Vysya Bank Contact Numbers, Karur Vysya Bank official EmailID, Karur Vysya Bank Headquarter and Karur Vysya Bank Headquarter Address. Find Karur Vysya Bank Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Other Products of Karur Vysya Bank:
| Home Loan | Personal Loan |
| Education Loan | Business Loan |
| Car Loan | Two Wheeler Loan |
| Gold Loan | FD Interest Rates |
| RD Interest Rates | Bank ATMs |
| PPF Account |
Why Karur Vysya Bank Home Loan?
- Karur Vysya Bank provides a range of Home Loan Schemes designed for different needs of customers
- Interest Rate is very competitive and affordable
- Minimal Documentation
- It provides Flexible Repayment Options to the borrowers
- Easy and fast approval & disbursal of home loans
- Has dedicated team of well-experienced employees which also offer personalised service
- 24/7 customer care service of Karur Vysya Bank offers timely assistance to the customers
Karur Vysya Bank Home Loan Purpose
- 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 Banks.
- For Improvement| Repairs| Additional construction|Renovation of existing houses or flats owned.
- For purchase of Plots or Flats developed by Government Authorities.
Karur Vysya Bank Home Loan Eligibility
- The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).
- The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.
- The applicant must be salaried or self-employed with a regular income.
- The applicant must earn more than the minimum required income.
Karur Vysya Bank Home Loan Document Required
- Duly filled and signed application form with photograph
- Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
- Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
- Form 16
- Latest 6 months salary slips for salaried persons
- Bank Statement of last 6 months
- Income Tax Returns (ITR) of last 3 years
- Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
- Processing fee Cheque
- Copies of the title documents of the property and the approved plan
- For Construction/ Renovation case, cost estimate from the Architect
Tax Benefits of availing Karur Vysya Bank Home Loan
There are two types of tax benefits associated with home loan for Resident Indians:
Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).
Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.
Karur Vysya Bank Home Loan Amount
Customised, subject to market value of the porperty and repayment capacity of the applicant, as per bank's assessmentMargin
10% to 30%Karur Vysya Bank Home Loan Repayment
Max. Upto 25 YearsSecurity
Equitable Mortgage of Land & buildingOptional (NSC | KVP | LIC Policies, Bank Deposits, Land & Building etc)
A suitable Guarantor with sufficient net worth , acceptable to the Bank (preferably spouse or family members or friends)
In Case of Prepayment of Karur Vysya Bank Home Loan, will EMI change?
One can pre-pay Karur Vysya Bank Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:
- He can continue with the existing and reduce the loan tenure
- He can reduce the EMI and keep the loan tenure the same
Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.
How to reduce your Home Loan EMI?
- Negotiate with your banker on lower interest rate
- Apply for longer tenure
- Give maximum amount as down payment
- Pre-pay loan amount
- Switch to another bank/ FI offering lower interest rate
Contact details of Karur Vysya Bank, Karur Vysya Bank SMS balance check number SMS banking, Karur Vysya Bank mobile banking, Karur Vysya Bank toll free number,Karur Vysya Bank toll free number 24*7, Karur Vysya Bank miss call number.
- MISSED CALL NUMBERS - 9266292666
- CUSTOMER CARE NUMBERS - 18004196500, 022-40426031
- CONTACT NUMBERS - 18602581916, 18004196500, 022-40426031, 04324-269000
Karur Vysya Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.kvb.co.in
- CONTACT NUMBERS - 18602581916, 18004196500, 022-40426031, 04324-269000
- EMAIL ID - [email protected]
- MISSED CALL NO. - 9266292666
- CUSTOMER CARE NO. - 18004196500, 022-40426031
- TOTAL BRANCHES - 971
- HEADQUARTER - Karur
- BANK ADDRESS - Erode Road, No 20, Vadivel Nagar, L.N.S., Karur - 639002
Karur Vysya Bank Home Loan FAQs Home Loan Document Required
