An Indian Private-Sector Bank, headquartered in Karur, Tamil Nadu, it would not be wrong to say that Karur Vysya Bank is a name you can trust. This prestigious Bank with its wide range of unique products and customer-friendly services ensures to cater to the diverse needs of one and all. Founded in the year 1916, there is no denying the fact that since then, this bank has been delivering the best financial services and products to all its esteemed customers around the world. Moreover, if we talk about the diverse product range being offered by the bank, it is into everything, ensuring that all its customers always get nothing but the best.

But, if we specifically talk about home loans, the bank offers this credit facility to those individuals who want to own a beautiful home of their dreams. You can avail this credit facility from the bank at competitive rates starting from 8.75% p.a. up to 11.70% p.a., along with flexible tenures of 30 years. In case you are interested in knowing more about Karur Vysya Bank Home Loan, this page is worth reading for you.

Karur Vysya Bank Home Loan Interest Rates Details 2025

Below are some highlights/ details of the home loan and the latest home loan interest rates offered by Karur Vysya Bank - 

Types of Karur Vysya Bank Home Loans

Karur Vysya Bank provides various home loan schemes tailored to different borrower needs. Some of the key offerings include:

Karur Vysya Happy Home Loan - This standard home loan can be used for purchasing a new or resale house/flat/plot, constructing a house, or renovating, repairing, or extending an existing property. Borrowers can also transfer their existing home loans from other banks and HFCs to Karur Vysya Bank at competitive interest rates.

• Eligible Borrowers: Resident Indians, including Hindu Undivided Families (HUFs)
• Loan Tenure: Up to 30 years (including the holiday period)
• Loan Amount: 70% – 90% of the property's value
• Maximum Holiday Period:
  • For house construction: Up to 24 months
  • For outright purchase of a flat: Up to 3 months
• Insurance Coverage: Optional insurance coverage is available for the loan amount through SBI Life, LIC, and BSLI as a single premium, payable by the borrower.

KVB Gruhapravesh for NRIs - This home loan is designed for NRIs and PIOs looking to buy a ready-to-move-in house, construct a new home, or undertake house improvements/extensions in India. It also caters to those purchasing land with the intent to build a house within six months. Existing home loan borrowers can transfer their loans from other banks and HFCs to Karur Vysya Bank for better interest rates.

• Eligible Borrowers: Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
• Loan Tenure: Up to 30 years (subject to full repayment by the age of 70)
• Loan Amount: 70% – 90% of the property's value
• Maximum Holiday Period:
  • For house construction: Up to 24 months
  • For outright purchase of a flat: Up to 3 months
• Insurance Coverage: Optional insurance coverage is available for the loan amount through SBI Life, LIC, and BSLI as a single premium, payable by the borrower.

Eligibility Criteria for Karur Vysya Bank Home Loan

Below are the eligibility criteria shown for the KVB Home Loan and KVB NRI Home Loan -

Eligibility Criteria for KVB Home Loan

• The applicant’s take-home salary, after deducting the proposed loan installments, should be at least 25% of the gross income.
• The loan can be availed for purchasing vacant land, provided that construction begins and is completed within 24 months from the loan disbursement date.

Eligibility Criteria for KVB NRI Home Loan

• Minimum age: 23 years
• For NRIs: Must hold a valid Indian passport
• For PIOs: Must hold a valid foreign passport
• Must have at least 2 years of overseas work experience
• Should possess a valid job contract or work permit
• Must have a stable source of income
• Should have a Net Monthly Income (NMI) of at least USD 1,500 or a Minimum Net Annual Income (NAI) of USD 18,000 (or equivalent in another foreign currency). 

How can you calculate EMI for KVB home loan?

If you are curious to know the exact calculations of the monthly installments of your home loan, with the help of the Wishfin Karur Vysya Bank Home loan EMI Calculator, you can easily do the same. Yes, this smart, time-saving, and effective device helps in knowing your monthly installments in the least time frame. 

With the help of entering three values into the device, Loan Tenure, Loan Amount, and Interest Rate, it will give you the results in the least time frame. Within a fraction of a second, this tool churns out the results for you, hence allowing you to know the exact calculations of your Karur Vysya Bank home loan EMIs 

However, to have better clarity on the same, just take a look at the example below.

Suppose, Rashmi Bansal, a 28-year-old SEO Manager by profession, is looking to avail a home loan of Rs. 30 Lakh. This bank has agreed to offer her the same loan amount at an interest rate of 8.75% p.a. and up to 11.70% p.a. for a tenure of 25 years.

Documents Required for Karur Vysya Bank Home Loan

Both salaried as well as self-employed individuals are free to apply for the home loan being offered by the bank. But when it comes to availing the same is concerned, you need a list of complete documentation ready at your end. 

So, to know about the required documents, just go to the page below.

For Salaried Applicants:

• Identity Proof (Aadhaar, PAN, Passport, etc.)
• Residential Address Proof (Utility bills, Aadhaar, Passport, etc.)
• Last 6 months' Salary Slips
• Proof of income: Previous two years' Income Tax Returns (ITR).
• Property-related Documents

For Self-Employed Applicants:

• Identity Proof (Aadhaar, PAN, Passport, etc.)
• Residential Address Proof (Utility bills, Aadhaar, Passport, etc.)
• Proof of income: Previous two years' Income Tax Returns (ITR)
• Property-related Documents

For NRI Applicants:

• Valid Indian Passport (for NRIs)
• Valid Foreign Passport (for PIOs – Persons of Indian Origin)
• Proof of Overseas Employment (Minimum 2 years of work experience)
• Work Permit or Job Contract Proof
• Income Proof:
  • Minimum Net Monthly Income (NMI) of $1,500 or above.
  • Minimum Net Annual Income (NAI) of USD 18,000 (or equivalent in another foreign currency)

Fees & Charges of Karur Vysya Bank Home Loan

Below are some additional fees/charges apart from the Karur Vysya Bank Home loan interest rate. Make sure to go through them before applying for them -

Benefits of Karur Vysya Bank Home Loan

There are several features of Karur Vysya Bank Home Loan that an applicant can enjoy. We are providing the details about them below. Have a look!

• Minimal Documentation – Worried about the tiring and long documentation process? With the help of Karur Vysya Bank Home Loan, you can apply for the loan amount with minimal documents. The documentation process is easy and hassle-free.
• Quick Processing – Karur Vysya believes in fast service when it comes to the processing of your loan application. This makes sure the application authentication and other related processes happen quickly, saving your precious time.
• Easy Repayment Options – Repayment is one important part of the loan and Karur Vysya Bank understands this thing very well. That’s why you can choose from a range of repayment options according to your convenience.
• Fastest Disbursals – As soon as you submit your application and the overall documentation and authentication process is done, the loan amount will be disbursed into your account and you can purchase the home you wanted.
• Doorstep Service – With the Karur Vysya Bank Home Loan, you can opt for the doorstep service too, with which your overall loan procedure will be done at your doorstep. You just need to get in touch with the customer care service of the Bank.

CONCLUSION

Karur Vysya Bank Home Loan is a reliable and customer-friendly financing option for individuals looking to buy, construct, or renovate a home. With competitive interest rates starting at 8.75% p.a. up to 11.70% p.a., with flexible repayment tenures, minimal documentation, and quick processing, the bank ensures a hassle-free borrowing experience. Whether you are a resident Indian, NRI, or PIO, Karur Vysya Bank offers customized home loan solutions to meet your needs. With additional benefits like doorstep service and easy balance transfer facilities, it stands out as a preferred choice for home financing.

FREQUENTLY ASKED QUESTIONS

1. What is the interest rate on Karur Vysya Bank Home Loans?

The interest rates start from 8.75% p.a. and can go up to 11.70% p.a., depending on the applicant’s profile, loan amount, and tenure.

2. What is the maximum Karur Vysya Bank Home loan tenure available?

The loan tenure can go up to 25 years, subject to the borrower’s age and repayment capacity.

3. Who is eligible to apply for a Karur Vysya Bank Home Loan?

Any Indian resident, including salaried and self-employed individuals, NRIs, and PIOs, can apply. Applicants must meet the income and age criteria specified by the bank.

4. How much Karur Vysya Bank Home loan amount can I get?

You can get a loan of up to 90% of the property value, depending on your income, credit score, and loan eligibility.

5. Can I prepay or foreclose my Karur Vysya Bank Home loan?

Yes, Karur Vysya Bank allows zero foreclosure and part-prepayment charges for floating-rate home loans.

6. Is there a processing fee for applying for a Karur Vysya Bank Home loan?

Yes, the processing fee is as follows:

• Up to Rs 25 Lakh: Rs 2,500
• Between Rs 25 Lakh & Rs 50 Lakh: Rs 5,000
• Above Rs.50 Lakh: Rs 7,500