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  • KVB NRI Home loan

    The KVB NRI home loans are extended to various needs of Non-Resident Indians (NRI) as well as Persons of Indian Origin (PIO). You can avail the NRI home loan from Karur Vysya Bank for the purpose of purchasing a constructed house/construction of a house/home extensions/purchase land to construct a new house within six months/balance transfer from other banks.

    Interest rates for Salaried

    Particulars Salaried
    NRI Home Loan Interest Rates 7.35% p.a. to 9.55% p.a.
    Loan Tenure 25 years (Subject to the closure of the repayment of the loan by the age of 65 years or the retirement age, whichever is earlier)
    Loan Amount Rs.3 crore (margin of 20%)
    Processing Fees
    • 0.25% of the loan amount + GST (Loan amount of up to Rs.25 lakh).
    • Rs.10,000 + GST (Loan amount between Rs.25 lakh and Rs.75 lakh).
    • Rs.20,000 + GST (Loan amount above Rs.75 lakh).


    To avail the KVB NRI Home Loan, you’ll have to meet the following eligibility criteria set by the bank:

    • Minimum age of 25 years.
    • You need to have a valid Indian passport (NRIs)/valid foreign passport (PIOs).
    • Regular source of income.
    • Employed abroad for at least a minimum of 2 years.
    • Valid work permit or job contract.
    • Minimum Net Income of $750 or a minimum Net Annual Income of $9,000 or with the same value in any other foreign currency.


    The required documents to apply for a KVB NRI Home Loan, you’ll have to contact the nearest branch of the bank to get more details.

    Features of the Loan

    • KVB extends the NRI home loan to Non-Resident Indian (NRI) and Persons of Indian Origin (PIO).
    • The NRI home loan can be availed for the purpose of buying a new house or construct a house or for the improvement of your existing house or purchase land or balance transfer your home loan from another bank.
    • Maximum loan amount of Rs.3 crore.
    • Maximum holiday period for new homes is 18 months from the first disbursement of the loan or 2 months post completion; other cases, its 2 months post the first disbursement.
    • Additional security in the form of credit balances in deposit accounts or National Savings Certificate (NSC) or third-party guarantees or life insurance policies.
    • KVB accepts a suitable guarantor with enough net worth.


    1. How do I make repayment of the NRI home loan?

      The repayment of the KVB NRI home loan can be executed through remittances from abroad via regular banking channels.

    2. What are the types of account that I can remit repayment of the loan?

      You can transfer funds from NRE or FCNR or NRO account.

    3. Can a close relative of mine repay the NRI home loan EMI on behalf of me?

      Home loans in Indian rupee availed by NRI/PIO can be repaid by a close relative of the applicant in India.

    4. After I return to India, how can I repay the NRI home loan?

      You can repay the NRI home loan availed through KVB through local sources after you return to India permanently.

    5. How is the rate of interest calculated on my KVB NRI home loan?

      KVB applies the rate of interest based on the daily diminishing balance method.


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