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Karur Vysya Bank Limited Home Loans Rates

Getting an affordable interest rate is important when it is a matter of finding a suitable home loan product. Comparing home loan rates from different banks can lead you to a really attractive home loan rate. While there are so many banks that offer attractive home loans rates, Karur Vysya Bank Limited home loans rates are one of the best rates in the market.

About Karur Vysya Bank Limited Home Loans rates

Home loans rates offered by Karur Vysya Bank Limited are one of the most competitive rates in India. The base rate of Karur Vysya Bank Limited has been fixed at 9% with effect from October 1, 2010.

The tables given below will give you a better idea about Karur Vysya Bank Limited home loans rates:

KVB Happy Home Loan Fixed

  Upto 5 years Over 5 years to 10 years Over 10 years to 15 years
Upto Rs. 20 Lakhs 12.00 % 12.50 % 13.00 %
Over Rs. 20 Lakhs 12.50 % 13.00 % 13.50 %


Kvb Happy Home Loan Floating
Rate of Interest % Per annum

  Upto 5 years Over 5 years to 10 years Over 10 years to 15 years
Upto Rs. 20 Lakhs 9.00 % 9.75 % 10.50 %
Over Rs.20 lakhs and Upto Rs. 30 Lakhs 10.00 % 10.25 % 11.00 %
Over Rs.30 Lakhs 10.75 % 11.25 % 11.75 %


Terms and conditions of Karur Vysya Bank Limited home loans



Listed below are the terms and conditions that you have to comply with while applying for a Karur Vysya Bank Limited home loan:

  • For salaried individuals, a salary and employment certificate from the employers has to be furnished
  • The net salary following the deduction of the housing loan installment must not be lower than 25% of gross income.
  • The earnings of husband and wife can be combined together to determine the amount of loan, when they work as joint borrowers.
  • Agribusinesses are also eligible for this loan program.
  • A loan may be used for purchasing an unoccupied sanctioned site, given that the applicant has adequate funds for building the house.
  • Life insurance coverage is available with this loan scheme via the Group Mortgage Redemption Assurance (GMRA) scheme.
  • The premium for the insurance policy is affordable and you just need one payment that you can easily handle. The borrowers have the option of incorporating the premium into the loan amount.

How much can you borrow?

The maximum loan amount that you can avail from Karur Vysya Bank Limited is Rs.20 lakhs.

Margin for Karur Vysya Bank Limited home loans

  • No margin is required if you purchase an old house
  • For New House - 25%
  • For Repayment up to 5 years - 30%
  • For repayment up to 5-15 years - 35%

Disbursal of Karur Vysya Bank Limited home loans

The housing loan will be disbursed only in phases, subject to the construction work finished and after getting a phase appraisal certificate from the empanelled engineer. For purchase of a new flat, the nature of disbursement will be dependent on the terms and conditions of payment as specified in the construction contract signed with the promoter. Branches need to visit the site prior to every phase of disbursal.

Documentation charges for Karur Vysya Bank Limited home loans

There are no documentation charges.

Security for Karur Vysya Bank Limited home loans

  • Principal security will be equitable mortgage of plot/house
  • Collateral security will be General Promissory notes/LIC policies/Kisan Vikas Patra/Indira Vikas Patra

Repayment Term

The maximum repayment term for a Karur Vysya Bank Limited home loan is 15 years with a maximum holiday period of 12 months.



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