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Old October 7th, 2017, 05:52 PM
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Join Date: May 2011
Default Loan Against Property Karur Vysya Bank

I want to apply for the Loan Against Property in Karur Vysya Bank so can you please provide me the details of loan?
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Old October 7th, 2017, 05:53 PM
Super Moderator
Join Date: May 2011
Default Re: Loan Against Property Karur Vysya Bank

To cater the fast growing needs of Personal and business needs, Karur Vysya Bank have launched a special Product called KVB- Mortgage Loan.

Mortgage Loan

The loan shall be availed both as Term Loan (EMI) and as an Overdraft Facility.


Only Resident Individuals are eligible for this loan.

The loan shall be granted for general purposes like Personal, Consumption, Education, Health, Business, etc., other than speculative purposes.

The property should be owned by Individuals only and if owned jointly, Title holders to join as Co applicants.

Minimum Loan Amount-
Rs.10.00 Lakhs


Maximum Repayment Tenor-
100 Months –EMI (Term Loans)
96 Months (Overdraft Limit). Drawing power shall be reduced based on repayment tenor.

Holiday Period-

ROI (floating) p.a.

KVB Mortgage loan - individuals
11.50% (One year MCLR + 2.40%)

Primary Security-

Equitable mortgage (Fresh Charge) by deposit of title deeds.

Collateral Security-

Additional security by way of lien over credit balances in deposit accounts, NSCs, life insurance policies, third party guarantees, if security is either inadequate or not free from encumbrances.


Optional. A suitable Guarantor with sufficient net worth, acceptable to the Bank.

Processing charges-
0.50% of loan amount

Fore Closure Charges-
2.00% on the amount pre paid.

Other Terms & conditions

Eligibility shall be arrived based on the latest three years average income, as declared in ITR.

Minimum Income of Rs.15000.00 per month.

Mandatory undertaking from the borrower/s to effect that the loan/limit will not be for speculative purposes.

Residential & commercial buildings owned by resident Indians will be accepted as securities.

Agricultural properties, Factories, Go downs, Cinema Halls, Schools, Restaurants, etc., will not be accepted as securities.

Customer service: 1800 102 1916
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