Product Details
Bank Name
Karur Vyasya Bank
Maximum Loan Tenure
Up to 30 years.
Maximum Loan Amount
Not specified by the bank.
Interest Rate
9.00% to 11.05% per annum.
Type
Floating
Down Payment
10 to 25%
Fees and Charges
Processing fees- Rs 2500 to 7500
Pre-payment charges: NIL for floating interest rate.
Late payment charges: Not specified by the bank.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Happy Home Loans
Special Features
None
Eligibility Criteria
All resident individuals.
For the construction of independent houses.
For outright purchase of independent houses/flats.
For purchase of plots and construction thereon.
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.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
Loan repayment tenure of up to 30 years.
Cons
No Home Saver option
Less accessibility in rural India.
Pros & Cons
Application Procedure
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