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Karur Vysya Bank Ltd., a private sector bank headquartered in Karur, Tamil Nadu with over 700 branches across 20 states, offers home loans for property purchase, construction, renovation, extension, or balance transfer under schemes like KVB Home Loan, with financing up to 90% of the property value (max Rs.5 crore+ for eligible applicants). As of November 2025, Karur Vysya Bank home loan interest rate starts at 8.05% p.a. for salaried applicants with CIBIL 750+ on loans up to Rs.30 lakh, up to 11.40% p.a. for self-employed or higher-risk profiles, with tenures up to 25 years. It supports PMAY-CLSS subsidies up to 6.50% for EWS/LIG/MIG (income <Rs.18 lakh/year), a processing fee of Rs.2,500 + GST for loans up to Rs.25 lakh (Rs.5,000 for Rs.25-75 lakh), and approvals in 7-15 days for complete documentation, with no prepayment charges.
|
Feature |
Details |
|
Interest Rate |
Starts at 8.05% p.a. (up to 11.40% p.a. based on CIBIL and profile) |
|
Processing Fee |
Rs.2,500 + GST (up to Rs.25 lakh); Rs.5,000 + GST (Rs.25-75 lakh) |
|
Loan Amount |
Up to 90% of property value (max Rs.5 crore+ for strong profiles) |
|
Repayment Tenure |
Up to 25 years |
|
Applicant Age |
21-70 years (at maturity) |
|
Approval & Disbursal Time |
7–15 working days (faster for complete docs) |
|
Prepayment Charges |
Nil for floating rate loans (individuals) |
|
Eligibility (Salaried) |
Rs.25,000+ monthly; 1 year job; CIBIL 700+ |
|
Eligibility (Self-Employed) |
2 years business; Rs.4 lakh+ annual ITR; CIBIL 700+ |
Karur Vysya Bank home loan interest rate is floating, linked to the 1-year Marginal Cost of Funds based Lending Rate (MCLR) at 8.95% as of November 2025, with spreads adjusted for CIBIL, income, and PMAY status—starting at 8.05% p.a. for salaried with CIBIL 700+ on loans up to Rs.30 lakh, up to 11.40% p.a. for self-employed or higher-risk profiles. PMAY-CLSS subsidy (6.50% on Rs.6 lakh for EWS/LIG) reduces effective rate to ~1.55%; women get 0.05% concession. Daily reducing balance; fixed rate +0.25%; balance transfer at 9.00%+ with top-up.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥700) |
8.05% |
9.50% |
Stable job, ≤Rs.30 lakh loan, PMAY eligibility |
|
Self-Employed Professionals |
8.95% |
11.40% |
ITR consistency, 2+ years business |
|
Balance Transfer/Top-Up |
9.00% |
10.00% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
8.05% (effective ~1.55%) |
9.00% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Karur Vysya Bank |
8.05% |
Rs.2,500 + GST (up to Rs.25 lakh) |
25 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For a Rs.50 lakh loan over 20 years at 8.05% p.a., EMI is Rs.38,500—Rs.2,500 higher than SBI's 7.50%, but PMAY subsidy saves Rs.2.67 lakh for LIG, and no prepayment charges aid early closure.
Karur Vysya Bank home loan calculator at kvb.co.in/emi-calculator: Input amount, rate (8.05%-11.40%), tenure for EMI, amortization, and PMAY subsidies.
Loan Amount: Rs.50 lakh
Interest Rate: 8.05% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.38,500 |
Rs.42.4 lakh |
Rs.92.4 lakh |
Reduce to 15 years: EMI Rs.42,300, saves Rs.10 lakh interest; PMAY adds Rs.2.67 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
Rs.2,500 + GST (up to Rs.25 lakh); Rs.5,000 + GST (Rs.25-75 lakh) |
|
Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
|
CERSAI Registration |
Rs.500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <1%; PMAY waives 50% processing; no commitment fees.
● Age: 21-70 years (up to retirement)
● Rs.25,000+ monthly net income
● 1 year in current job
● CIBIL: 700+ (750+ for lowest rates)
● Age: 23-70 years
● 2 years business
● Rs.4 lakh+ annual ITR
● CIBIL: 700+; audited P&L required
90% LTV for PMAY; co-applicants boost limits; NRIs eligible with embassy-attested slips.
|
Service |
Contact Details |
|
Helpline (9AM-6PM) |
1860 258 1916 |
|
Email for Queries |
customercare@kvb.co.in |
|
Grievance Redressal |
nodal.officer@kvb.co.in |
|
Branch Hours |
10 AM–4 PM (Mon-Fri) |
Visit kvb.co.in/track-application with application no./mobile OTP—view stages: Submitted, Verified, Sanctioned, Disbursed. Email customercare@kvb.co.in for updates (48-hour response); visit branch with ID.
Salaried applicants need a minimum Rs.25,000 monthly net income, while self-employed require Rs.4 lakh+ annual ITR with 2 years business stability. The bank assesses based on 50% debt-to-income ratio for EMI affordability up to Rs.5 crore+; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants increasing limits by 20-30%.
Yes, NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 8.50% p.a. with 80% LTV via power of attorney. Submit attested salary slips and overseas address; contact customer care for NRI desks, with disbursal in 10-15 days.
Yes, PMAY-CLSS offers 6.50% interest subsidy up to Rs.2.67 lakh on loans ≤Rs.12 lakh for EWS/LIG/MIG (income <Rs.18 lakh/year, property ≤Rs.45 lakh). Eligibility requires Aadhaar-seeding; the bank handles processing, reducing effective rate to ~1.55% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 9.00%-10.00% (0.25%-1% lower than originators) requires 12-month statements and NOC, with up to 1% processing fee (min Rs.2,500). It includes top-up up to 20% original for renovations; processing takes 7-10 days, saving Rs.2,500+ monthly on Rs.30 lakh loans.
With home prices up 9% in 2025 (NHB data), Karur Vysya Bank home loan interest rate calculator processing fee requirements application process customer care status offers 8.05% rates, PMAY subsidies, and 7-15 day approvals—financing diverse needs across 700+ branches. Ideal for Rs.30 lakh-Rs.5 crore+ aspirations. Apply at kvb.co.in or email customercare@kvb.co.in.
