Why Choose Karur Vysya Bank for Home Loans?
- Trusted and Experienced: We have been around for over 100 years, mixing
old-school banking with today's tech.
- Great Rates: Our interest rates start at 7.95%* a year. This means you get
easy monthly payments and pay less interest than at many other banks.
- Loans for Everyone: Whether it's buying, building, fixing up, or just
getting some land, we have got you covered. We even do balance transfers.
- Easy Eligibility: Our requirements are easy to meet if you are salaried,
self-employed, an NRI, or a PIO.
- Customer Support: Our online support and TyTil
partnership make getting and tracking your loan super easy.
- Convenient Tenure Options: It takes up to 25 years to pay it back, so your
monthly payments stay low.
Karur Vysya Bank Home Loans Products
Happy Home Loans: Get loans for buying, building, or fixing up
your house. We have good rates and fast processing in Happy Home Loans.
NRI Home Loans: There are special home loans for Indians living
abroad to buy property in India. We have flexible plans.
Home Loan Transfer: Move your current home loan to Karur Vysya
Bank for lower rates or better service.
Extra Cash Loans: Get extra money on top of your home loan for
things like fixing up your place or paying for school with top-up loans.
Cheap Home Loans: We have plans that go along with government
programs to help people with lower incomes buy homes.
Note: Each plan has different rules for who can apply, how much
you can borrow, and what papers you need, all following the rules.
Karur Vysya Bank Home Loan Interest Rates
| Loan Type |
Interest Rate (p.a.) |
Processing Fee |
| Happy Home Loans |
7.95% - 10.90% |
₹2,500 to ₹7,500 + GST |
| NRI Gruhapravesh Home Loan |
8.20% - 11.40% |
₹2,500 to ₹7,500 + GST |
| Home Loan Top-Up |
8.20% - 10.50% |
₹2,500 to ₹7,500 + GST |
| Balance Transfer Loans |
7.95% - 10.90% |
Nominal processing fee applied |
- Interest rates depend on borrower profile, loan amount, and repayment tenure.
- Processing fees are generally between ₹2,500 and ₹7,500 plus GST and may vary with product
type.
- Tenure ranges from 1 to 25 years typically.
- Prepayment and foreclosure charges are minimal or nil for floating rate borrowers.
Eligibility Criteria for Karur Vysya Bank Home Loan
Age: You need to be at least 23, but no older than 65 by the time
the loan is paid off.
Income: Proof of a steady paycheck is required, whether you are
employed or self-employed.
Employment Status: You should have a stable income for at least a
year.
Credit Score: A good credit history can help you get better
rates.
Nationality: Indian residents, NRIs, or PIOs with the correct
paperwork can apply.
Property: Clear ownership papers and legal approval of the
property are required.
Required Documents for Karur Vysya Bank Home Loan Partner
To get things done, please have these ready:
ID Proof: You need to carry Aadhaar, PAN, Passport, or Voter ID.
Address Proof: For the address, you need a Utility bill, a rent
agreement, or a passport.
If you're employed: Your last three pay stubs, Form 16, tax
returns (2 years), and bank statements.
If you're self-employed: The Tax returns (2-3 years), a
profit/loss statement, and proof that your business is registered.
Property Documents: The sale deed, property tax receipt, and the
approved construction plan.
Photos: You need recent passport-size photos of everyone
applying.
How to Apply Karur Vysya Bank Home Loan via TyTil
TyTil makes getting a loan easier by linking you to Karur Vysya Bank's home
loan procedure online:
- Sign up on TyTil : Make an account and pick the Karur
Vysya Bank loans you want.
- Apply: Type in details about your job, income, and the property.
- Upload Documents: Upload copies of what they need securely.
- Loan Processing and Tracking: TyTil and Karur Vysya
Bank check your paperwork and say yes to the loan together. You can watch where things stand
online.
- Get the Money: Once approved, the loan money gets sent to you based on your
agreement.