Karur Vysya Bank

Karur vysya bank

Right House will guide you how to avail a home loan from Karur Vysya Bank

check-mark  All Resident Individuals and HUF (opening through Kartas).
check-mark  NRI ‘s can also avail the loan under KVB – Gruhapravesh.
check-mark  For construction of Independent Houses.
check-mark  For outright purchase of Independent Houses, Flats (not older than 15 years).
check-mark  For purchase of plots and construction there on.
check-mark  For Take over of Loans from another Bank / FI’s.
check-mark  For Improvement/ Repairs/ Additional construction/Renovation of existing houses or flats owned by you.
check-mark  For purchase of Plots or Flats developed by Government Authorities.

Maximum Loan AmountRs.500.00 Lakhs
Margin25.00%- For New Houses/Flat
30.00%- For Old Houses/Flat (Repayment up to 15 Years)
35.00%- For Old Houses/Flat (Repayment above 15 Years)
(* Relaxation available based on merits)
Maximum Repayment Tenor25 Years (Including Holiday Period) – EMI
Maximum Holiday Period12 Months
ROIClick Here
Primary SecurityEquitable Mortgage of Land & building
Collateral SecurityOptional (NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc.,)
GuaranteeA suitable Guarantor with sufficient net worth , acceptable to the Bank (preferably spouse or family members or friends)
Insurance Coverage for the BorrowerAvailable to the extent of Loan amount with LIC, SBI Life and BSLI as SINGLE PREMIUM payable by the Borrower.
(Available if the borrower is interested)
Processing chargesRs.7500.00+ST for Loans up to Rs.25.00 Lakhs
Rs.15000.00 +ST For loans between Rs.25.00- Rs.50.00 Lakhs
Rs.25000.00+ST for loans above Rs.50.00 Lakhs
Other Terms & conditionscheck-mark In case of Salaried Persons: Salary certificate for the last 6 Months to be submitted along with certificate from the Employer.

check-mark In case of Self Employed: Latest ITR/Income Statement to be submitted.

check-mark The Net Take Home pay after deducting the proposed Loan Installments shall be at least 40% of gross pay.

check-mark For the purpose of Maximum loan eligibility Income of the SPOUSE may be added.

check-mark Agriculturist may also avail the loan with proper proof of income (IT Return)

check-mark Loan may be granted to purchase vacant land provided they should begin construction within 6 months from the date of availing the loan.

check-mark No prepayment charges will be levied.

For more details : Karur Vysya Bank

Our Features

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check-mark   Siruvani & RO Water
check-mark   Swimming Pool
check-mark   Badminton Court
check-mark   Childrens Play Area
check-mark   Meditation and Yoga Hall
check-mark   Security- 24 Hours
check-mark   Cooking Gar through Copper Pipes

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