15 Lakh Home Loan From Karur Vysya Bank

Home Loan By Amount
Home Loan By Other

A ₹15 Lakh home loan from Karur Vysya Bank is perfect for those buying small flats, expanding an inherited house, or building in semi-urban areas. The loan amount aligns well with average eligibility criteria and typically benefits from quicker approval due to lower risk. It is accessible to salaried employees, self-employed individuals, and Non-Resident Indians (NRIs). The interest rate is floating, and borrowers can repay early without penalties. For many first-time buyers or those upgrading their homes, ₹15 Lakh is not only manageable but also a typical initial loan size.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name *

+91Mobile No. *

Search City *

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

15 Lakh Karur Vysya Bank Home Loan EMI Calculator

Loan Amount

₹

5 Lac
20 Cr

Loan Tenure

Years

Rate Of Interest

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹15,00,000

Interest Payable

Total Amount Payable

Table of Content

1. 15 Lakh Home Loan From Karur Vysya Bank Highlights

2. 15 Lakh Home Loan EMI for 5 Years, Karur Vysya Bank

3. 15 Lakh Home Loan EMI for 10 Years, Karur Vysya Bank

4. 15 Lakh Home Loan EMI for 15 Years, Karur Vysya Bank

5. 15 Lakh Home Loan EMI for 20 Years, Karur Vysya Bank

6. 15 Lakh Home Loan EMI for 25 Years, Karur Vysya Bank

7. 15 Lakh Karur Vysya Bank Home Loan Fees and Charges

7.1 Standard Charges

7.2 Additional Costs (If Applicable)

8. 15 Lakh Karur Vysya Bank Home Loan Documents Required

9. 15 Lakh Karur Vysya Bank Home Loan Eligibility Criteria

Written By

Rishabh Baisoy

With a background in journalism and mass communications, Rishabh might be clueless about his plans for the evening, but he clearly knows what to write. A proud cinephile, Rishabh makes the perfect choice to discuss any movie with. Poetry holds a special place in his heart, which mingles well with his wanderlust personality. While he physically exists in India, his heart beats for the red part of Merseyside. Rishabh educates and empowers readers towards financial success at Urban Money.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

₹15 Lakh Home Loan From Karur Vysya Bank – Highlights

The Karur Vysya Bank ₹15 Lakh home loan gives access to modest property funding without overextending repayment capacity. It’s straightforward in terms of eligibility and backed by a no-frills approval process.

Key Highlights	Details
Loan Amount	₹15,00,000
Interest Rate	Ranges from 8.45% to 11.40% p.a.
Repayment Tenure	Up to 25 years
Eligible Profiles	Salaried, self-employed, NRIs

₹15 Lakh Home Loan EMI for 5 Years, Karur Vysya Bank

Karur Vysya Bank’s housing loan EMI for ₹15 lakhs for 5 years is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 Lakhs	8.50% p.a.	5 years	₹30,775	₹3,46,488	₹18,46,488

₹15 Lakh Home Loan EMI for 10 Years, Karur Vysya Bank

Below is the amount for a ₹15 lakh home loan EMI for 10 years from Karur Vysya Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 Lakhs	8.50% p.a.	10 years	₹18,598	₹7,31,742	₹22,31,742

₹15 Lakh Home Loan EMI for 15 Years, Karur Vysya Bank

For a ₹15 lakh home loan, the EMI amount for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 Lakhs	8.50% p.a.	15 years	₹14,771	₹11,58,797	₹26,58,797

₹15 Lakh Home Loan EMI for 20 Years, Karur Vysya Bank

Below mentioned is the ₹15 lakh home loan EMI for 20 years from Karur Vysya Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 Lakhs	8.50% p.a.	20 years	₹13,017	₹16,24,164	₹31,24,164

₹15 Lakh Home Loan EMI for 25 Years, Karur Vysya Bank

Karur Vysya Bank’s home loan of ₹15 lakhs EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 Lakhs	8.50% p.a.	25 years	₹12,078	₹21,23,522	₹36,23,522

₹15 Lakh Karur Vysya Bank Home Loan – Fees and Charges

The Karur Vysya Bank housing loan EMI for ₹15 Lakh reflects just the loan cost. However, as with any credit facility, a few essential charges apply depending on the transaction, tenure, and borrower profile.

Standard Charges

Processing Fee: ₹2,500 + GST (applicable for loans up to ₹25 Lakh)
Prepayment/Foreclosure: No charges for loans with floating interest
Penal Interest: 1.50% per month on any overdue EMI

Additional Costs (If Applicable)

Document Handling (Post-closure): ₹2,500 flat
Failed Auto-Debit (ECS/NACH Return): ₹200 to ₹350 per instance

₹15 Lakh Karur Vysya Bank Home Loan – Documents Required

To apply for a Karur Vysya Bank ₹15 Lakh home loan, applicants must demonstrate their identity, income, and ownership status clearly, avoiding unnecessary complications. A PAN card and a valid proof of address (such as Aadhaar or passport) are required. A signed application form and passport-sized photographs complete the personal documentation.

When it comes to income, salaried borrowers must provide recent salary slips, tax records, and six months of bank statements showing salary credits.

Self-employed applicants are expected to furnish ITRs, business proof, and basic financials like profit & loss accounts.

NRIs applying from abroad must show employment documentation, overseas salary credits, and copies of their passport and visas.

If the property has been chosen, the bank will also require a sale agreement, title documents, approved building plans, and proof of any payment already made to the seller or builder.

₹15 Lakh Karur Vysya Bank Home Loan – Eligibility Criteria

The ₹15 Lakh home loan eligibility criteria of Karur Vysya Bank are based on consistent income, a manageable repayment capacity, and a reasonably healthy credit history.

Age and Nationality	The minimum age to apply is 23 years old. Indian residents, HUFs, NRIs, and PIOs are all eligible.
Credit Health	While there’s no fixed CIBIL cutoff, applicants with past delays, recent delinquencies, or heavily leveraged profiles may face rejections or higher rates.
Salaried Profiles	Jobholders must show active employment with a salary inflow through formal channels. Form 16 or ITRs serve as proof of income.
Self-Employed or Professionals	Profit stability and business continuity matter more than just income volume. ITRs and audited statements will be reviewed.
NRIs	Applicants working abroad must have been employed for at least two years and earn the foreign currency equivalent of $1,500 or more per month.
Affordability Rule	Once the EMI is calculated, the bank verifies that at least 25% of the applicant’s monthly income remains as take-home pay.

Frequently Asked Questions (FAQs)

What is the EMI for a ₹15 lakh home loan for 20 years in the Karur Vysya Bank?

If the interest rate is 8.50% per annum, the EMI would be roughly ₹18,598 for a 20-year term. Actual EMI may vary based on the rate offered.

Who is eligible for a ₹15 lakh home loan in the Karur Vysya Bank?

Salaried professionals, business owners, NRIs, and self-employed individuals can apply. The bank checks income consistency, repayment ability, and credit background.

What is the monthly interest rate of a ₹15 lakh home loan in Karur Vysya Bank?

Divide the annual interest rate by 12. For example, if your approved rate is 9.10% p.a., the monthly rate would be approximately 0.758%.

Quick Links

Loan Offers By Karur Vysya Bank's

Karur Vysya Bank Personal Loan

Home Loan by Nationalized Bank

Home Loan Calculators

Karur Vysya Bank Calculators