Karur Vysya Bank Home Loan - http://www.loansandcredits.in/apply-karur-vysya-bank-home-loan/
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Apply Karur Vysya Bank Home Loan

Apply Karur Vysya Bank Home Loan :- accompany a double favorable position - tax cuts and lease sparing. Both these components contribute towards the EMI outpouring.Gratefulness in the property estimation is an extra reward. We guarantee that our clients get most extreme advantages through their home loan.[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3150"][/vc_column][vc_column width="1/2"][vc_column_text]

 

Karur Vysya Bank Home Loan

If you are a resident Indian or HUF and want to purchase a house we have an exclusive Happy Home Loan scheme to cater your needs.

Features

• All  Resident Individuals and HUF (opening through Kartas) .


• NRI ‘s can also avail the loan under KVB – Gruhapravesh.


• Purposes:
  
  • 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 Bank / FI’s
  
  
  • For Improvement/ Repairs/ Additional construction/Renovation of existing houses or flats owned by you.
  
  
  • For purchase of Plots or Flats developed by Government Authorities.
  
  

Margin	20.00% - For New Houses/Flat – Upto Loan amount of Rs. 75.00 lakhs 25.00% - For New Houses / Flats – Above loan amount of Rs. 75.00 lakhs. 25.00%- For Old Houses/Flat where age of the property is upto 15 years 30.00%- For Old Houses/Flat where age of the property is above 15 years (* Relaxation available based on merits)
Maximum Repayment Tenor	25 Years (Including Holiday Period) - EMI
Maximum Holiday Period	12 Months

 

SCHEME	ROI (floating) p.a.
Housing loan	One year MCLR (i.e. 9.00%) 3-month MCLR (i.e. 8.65%) for CIBIL score of 750 & above)
Housing Loan under CRE norms	One year MCLR + 0.35% (i.e. 9.35%)

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Loan EMI Calculator

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Processing Charges
Loans upto Rs. 25.00 lakhs	Rs. 2500/- + GST
Loans between Rs. 25.00 lakhs & Rs. 50 lakh	Rs. 5000/- + GST
Loans above Rs. 50.00 lakhs	Rs. 7500/- + GST
Primary Security	Equitable Mortgage of Land & building
Collateral Security	Optional (NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc.,)
Guarantee	A suitable Guarantor with sufficient net worth , acceptable to the Bank (preferably spouse or family members or friends)
Insurance Coverage for the Borrower	Available 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)
Other Terms & conditions	In case of Salaried Persons:  Salary certificate for the last 6 Months to be submitted along with certificate from the Employer. In case of Self Employed: Latest ITR/Income Statement to be submitted. The Net Take Home pay after deducting the proposed Loan Installments shall be at least 40% of gross pay. For the purpose of Maximum loan eligibility Income of the SPOUSE may be added. Agriculturist may also avail the loan with proper proof of income (IT Return) Loan may be granted to purchase vacant land provided they should begin construction within 6 months from the date of availing the loan. No prepayment charges will be levied.

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