Product Details
Bank Name
Karur Vyasya Bank.
Maximum Loan Tenure
25 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
KVB Gruhapravesh for NRI
Special Features
None
Eligibility Criteria
Non-resident Indians (NRI) and Persons of Indian Origin (PIO) can avail the loan.
Minimum age 23 years.
Valid Indian Passport (For NRIs) / Valid foreign passport (For PIOs).
A steady source of income.
Employed abroad for at least 2 years.
Valid job contract or work permit.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
Loan repayment tenure of up to 25 years.
Available for both NRI and Indian residents.
Cons
No Home Saver option
Less accessibility in rural India.
Pros & Cons
Application Procedure
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