Karur Vysya Bank offers home loans at an affordable rate of interest and starts at 7.15%. The processing fee charged by the lender ranges between Rs.2,500 and Rs.7,500 plus GST. The repayment tenure for the availed loan can go up to 25 years.
Karur Vysya offers home loans for both resident Indians and NRIs (Non-Resident Indians) at attractive interest rates starting from 7.15% p.a. The repayment period is 25 years and the applicable processing fee ranges from Rs.2,500 to Rs.7,500 plus GST (Goods and Services Tax).
The interest rate for housing loan top-up ranges between 8.05% p.a. and 8.25% p.a.
Compare: Home Loan Interest Rate all Banks
Manage your finances in a better way by calculating your EMI (equated monthly instalment) beforehand. That way, you will be able to know how much money you have to put aside for monthly instalments and processing fee (paid upfront).
To compute, you can use Home Loan EMI Calculator. The entire process is relatively simple with a quick turnaround time. All you need to do is enter all the relevant details related to your loan, including the loan amount, rate of interest, tenure, and processing fee, and hit calculate to check your monthly instalment. This will be followed by an amortisation table giving you a complete breakdown of your payment schedule.
|Age||23 years to 65 years|
|Type of Employment||Salaried and self-employed|
|Nationality||Resident Indians and NRIs|
Sign up for Karur Vysya Bank Home Loan schemes and enjoy attractive interest rates. There are no prepayment charges, so if you plan to foreclose your loan to save on interest, you can do so without paying any penalty charges. Read the fine print carefully before signing up.
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