40 Lakh Home Loan From Karur Vysya Bank

₹40 Lakh Home Loan From Karur Vysya Bank – Highlights

The Karur Vysya Bank ₹40 Lakh home loan is a core product offering, with its structure crafted to balance repayment flexibility and profile-based risk pricing. Here’s a brief overview of the main terms:

Key Highlights	Details
Loan Amount	₹40 lakhs
Interest Rate	8.45% to 11.40% p.a. (Floating)
Eligibility	Salaried & Non-Salaried Individuals
Prepayment Charges	Nil on floating-rate loans

₹40 Lakh Home Loan EMI for 5 Years From Karur Vysya Bank

Karur Vysya Bank’s housing loan EMI for ₹40 lakhs for 5 years is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹40 Lakhs	8.45% p.a.	5 years	₹81,970	₹9,18,186	₹49,18,186

₹40 Lakh Home Loan EMI for 10 Years From Karur Vysya Bank

Below is the amount for a ₹40 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
₹40 Lakhs	8.50% p.a.	10 years	₹49,487	₹19,38,485	₹59,38,485

₹40 Lakh Home Loan EMI for 15 Years From Karur Vysya Bank

For a ₹40 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
₹40 Lakhs	8.50% p.a.	15 years	₹39,272	₹30,69,038	₹70,69,038

₹40 Lakh Home Loan EMI for 20 Years From Karur Vysya Bank

Below mentioned is the ₹40 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
₹40 Lakhs	8.50% p.a.	20 years	₹34,586	₹43,00,748	₹83,00,748

₹40 Lakh Home Loan EMI for 25 Years From Karur Vysya Bank

Karur Vysya Bank’s home loan of ₹40 lakh EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹40 Lakhs	8.50% p.a.	25 years	₹32,074	₹56,22,325	₹96,22,325

₹40 Lakh Karur Vysya Bank Home Loan – Fees and Charges

The Karur Vysya Bank home loan of ₹40 lakh includes an EMI that covers both interest and several standard charges for processing, delays, and document handling. These charges are determined by the bank and applied uniformly, regardless of the borrower’s profile.

Standard Fees and Other Charges:

In addition to the interest rate, a few standard charges apply during the loan process.

• Processing Fee: ₹5,000 + GST (one-time, non-refundable)
• Prepayment Charges: Nil (only for floating-rate loans)
• Penal Interest: 1.50% per month on overdue EMIs

Other Miscellaneous Charges:

• Document Retrieval: ₹2,500
• Cheque / ECS / NACH Return: ₹200 to ₹350 per instance

₹40 Lakh Karur Vysya Bank Home Loan – Documents Required

To apply for a ₹25 Lakh home loan from Karur Vysya Bank, borrowers need to provide documents that confirm their identity, income stability, and property ownership history.

1. Standard Documents (Required for all applicants):

• ID Proof: PAN Card
• Address Proof: Aadhaar, passport, or recent utility bill
• Loan Application: Completed and signed application form
• Photographs: Recent passport-size photos

2. Income Verification Documents

For Salaried Individuals

Salary Slips: Latest slips for the past 3 to 6 months.

Bank statements showing salary credits (6 months)

Form 16 or ITRs (last 2 years)

For Self-Employed or Professionals

ITRs (last 2–3 years)	Audited P&L and balance sheets (2 years)
Personal and business bank statements (6 months)	Business registration proof

For Non-Resident Indian (NRI) Applicants

Passport & Visa:	Valid Indian/foreign passport and a copy of a valid visa or work permit.
Employment Contract:	The current job contract or appointment letter.
Income Proof:	Salary slips for the last 3 months and bank statements for an overseas account showing salary credits.

3. Property Documents (if the property is identified)

Agreement to Sell	Title deed and ownership chain
Building plan approval copy	Advance payment receipts (if any)

₹40 Lakh Karur Vysya Bank Home Loan – Eligibility Criteria

To apply for a ₹40 Lakh home loan, applicants must meet a set of criteria established by Karur Vysya Bank:

Common Criteria for All Applicants

• Minimum Age: 23 years at the time of application
• Nationality: Resident Indian, HUF, Non-Resident Indian (NRI), or Person of Indian Origin (PIO)
• Credit Score: No formal minimum, but a strong CIBIL score improves approval chances and interest rate
• Repayment Capacity: After accounting for the EMI, the applicant must retain at least 25% of their gross monthly income as take-home pay

Salaried Individuals

• Must be employed in a government body, public sector unit, or reputed private organisation
• Stable income with verifiable salary credits
• Must provide proof through salary slips and Form 16 / ITR

For Self-Employed Individuals / Professionals (Resident)

• Business or professional practice must show income consistency over 2+ years
• Income must be supported by ITRs and audited financials (P&L and Balance Sheet)

Non-Resident Indians (NRIs)

• Minimum of 2 years of continuous overseas employment
• Must earn a minimum net monthly income of £1,500 (or equivalent in INR).
• Valid passport, visa, and job contract required