Karur Vysya Bank Ahmedabad

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About Karur Vysya Bank

Karur Vysya Bank is one of the leading private sector banks in India with more than 100 years of experience in the banking industry. The bank was established in the year 1916 in the town named Karur which was a small town at that time. With the vision of Sri. M.A. Ventakarama Chettiar and Sri Athi Krishna Chettiar, Karur Vysya Bank got the shape of reality. The bank was started with the capital of just ₹1 lakh and has now reached a level when the total business of the bank until 2016 was recorded to be ₹89,555 crores with total deposits at ₹50,079 crores and the total advances at ₹39,476 crores. Talking about the Net Profit for the year financial year 2016, the scale is as high as ₹567 crores.

Karur Vysya Bank is presently offering one of the most affordable loans that come with low-interest rates and higher loan amount facility. The bank has a wide array of loan products like home loans, car loans, education loans, mortgage loans, personal loans, etc. that are all available at attractive interest rates and flexible repayment facility. Not only this, the investment products like fixed deposits also give a higher return and saving possibilities. Karur Vysya Bank has the purpose of serving the best of its services to all the customers and hence has spread it branches across all the cities and Ahmedabad is one of them. Read this article to know more about the products and services offered by the bank in Ahmedabad city and apply for the one that suits your purpose.

Karur Vysya Bank Ahmedabad Branch Addresses

Branch NameComplete AddressIFSCMICRContact Number
AhmedabadP.B.No. 4093 Motilal Centre, Ashram Road, Ahmedabad - 380009KVBL00022013800530021860 200 1916
Ahmedabad ECGujarat Law Society Compound, Ellis Bridge, Ahmedabad - 380006KVBL00022073800530031860 200 1916
Ahmedabad Satellite TownShilp Complex, Opposite Ratnamani Tower Satellite Road, Ahmedabad - 0KVBL00022083800530041860 200 1916
Sanad 6 Sarvoday Society,
Sarkhej - Sanand Highway, Sanand, Ahmedabad-382110
KVBL000221138005300502717-222707
Naroda"Himalaya Square",
Ground Floor, Near Galaxy cinema Naroda Lake, Naroda,Ahmedabad - 382330
KVBL0002212380053006079-22831129
Ahmedabad - CPCPlot 503,
504/1, Sakar-Vii, 'B' Block, Nehru Bridge Corner,, Ashram Road,Ahmedabad
KVBL0002201380053002079-26582475, 26582476, 26582481, 26582485
Jodhpur Cross RoadShop No.3 Shilp Arcade Opposite Ratnamani Towers,
Near Jodhpur Cross Roads, Satellite, Ahmedabad-380015
KVBL0002208380053003079-26921551
Maninagar1-4 Ground Floor Jupiter House,
Opp Rasna Hotel, Maninagar, Ahmedabad-380008
KVBL0002207380053004079-25465543,25469002

Products Offered by Karur Vysya Bank in Ahmedabad

Karur Vysya Bank provides a wide array of products that are designed by keeping in mind the financial needs and affordability of the customers. The bank is one of the best loan providers when it comes to home loans, personal loans, car loans, business loans, education loans, etc. with the combination of low-interest rates and higher loan amount facility. The loan interest rates of Karur Vysya Bank are one of the lowest in the market. Other than the finance products, the bank offers investment products like fixed deposits that give higher returns on the saving amount. You can easily apply for any product at the bank if you have met the eligibility criteria as per the bank’s norms. Having said that, different products have different eligibility criteria. So, read this article to know about the important details like the eligibility criteria, maximum and minimum amount, interest rate, tenure, processing fees, and documentation required for each of the products. So, have a look at the below details that comprises of the product details of Karur Vysya Bank in the Ahmedabad city.

Basic Details of Karur Vysya Bank Products

ProductEligibilityAmount Interest RateProcessing FeeTenure
Home Loan All Resident Individuals and HUF (opening through Kartas) .
NRI ‘s can also avail the loan under KVB – Gruhapravesh.
In case of Salaried Persons:
Salary certificate for the last 6 Months to be submitted along with certificate from the Employer.
In case of Self Employed:
Latest ITR/Income Statement to be submitted.
The Net Take Home pay after deducting the proposed Loan Installments shall be at least 40% of gross pay.
For the purpose of Maximum loan eligibility Income of the spouse may be added.
Agriculturist may also avail the loan with proper proof of income (IT Return)
Loan may be granted to purchase vacant land provided they should begin construction within 6 months from the date of availing the loan.
No prepayment charges will be levied.
No upper limit8.90% - 9.55%Up to ₹12500/- + STUp to 25 years
Personal Loan Age at least 21 and less than 58 years
Applicant must be an Indian resident or a person residing in India
As per Bank’s norms13.40% - 15.90%0.40% of the loan amountUp to 3 years
Car Loan The Net Take Home pay after deducting the proposed Loan Installments shall be at least 25% of gross pay.As per the profile of the applicant9.35% - 12.60%₹4000/- + STUp to 7 years
Business Loan Existing Micro & Small manufacturing & service units (other than traders), whose turnover is less than ₹100 lakhs in the previous financial year (with minimum one year of existence)Up to ₹20 lakhs13.20%Waiver of charges for loans upto Rs.5 lacs as per RBI normsUp to 7 years
Fixed DepositIndividuals
HUF
Trust
Partnership firms
Companies
Associations etc.
Minimum ₹1005.00% - 7.50%NAUp to 10 years
Education LoanIt is a term loan given for studies in India and abroad.

Students who are Indian nationals and have secured admission to professional/ technical courses in India through a common Entrance Test, or who have secured admission to a foreign University or Institution.

The Father or guardian of the student will be the guarantor in case of individual applicants.
As per the profile of the applicant11.70%-12.70%NILIn 5-7 years after repayment holiday (course period and 1 year or 6 months after getting job whichever is earlier)
Mortgage LoanOnly 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.

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

Minimum Income of ₹15000.00 per month.

Mandatory undertaking from the borrower/s to effect that the loan/limit will not be for speculative purposes.
₹10.00 Lakhs12.45%0.50% of loan amountUp to 100 months

Documents Required

You can have a look at the documentation required for each product offered by the Karur Vysya Bank. An applicant must have the below documents to get hassle free approval from the bank.

ProductDocuments
Home Loan Identity Proof
Address Proof
Processing fee cheque
Income Proof
Loan application form
OCC / LC / BG: Residential / commercial / industrial land and building property with a minimum 100% of aggregate exposure or CGTMSE cover
HPL(M): Residential / commercial / industrial land and building property with a minimum 100% of aggregate exposure or CGTMSE cover
SOD-RE: Entire current assets
If immovable properties are not sufficient to cover the required margin, Term Deposits / NSCs / Life Insurance Policies (all or any of them) may also accepted to cover the difference amount. However, third party instruments are not acceptable.
Leased industrial property may also be accepted, if the lease period is 30 years and above (perpetual lease) with mortgage rights in the lease deed.
Personal LoanIdentity Proof
Address Proof
Processing fee cheque
Income Proof
Loan application form
The Net Take Home pay after deducting the proposed Loan Installments shall be at least 25% of gross pay.
Salary certificate is must to establish repayment capacity.

For Self Employed Individuals:
Identity Proof
Address Proof
Processing fee cheque
Income Proof
Loan application form
IT returns to ensure income and repayment capacity.
Branches shall verify credit worthiness, integrity, local standing and repayment capacity of the borrower before entertaining the proposals under the Scheme
An undertaking from the employer to deduct loan installments and interest from the salary of the borrower in case of salaried employees shall be insisted on
NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc., subject to the satisfaction of the bank.
Car LoanIdentity Proof
Address Proof
Processing fee cheque
Income Proof
Loan application form
Payment directly to seller by way of DD/NEFT/RTGS/ Account credit/ etc.,
An undertaking from the employer to deduct loan installments and interest from the salary of the borrower in case of salaried employees shall be insisted on.
Business Loan Identity Proof
Address Proof
Processing fee cheque
Income Proof
Loan application form
Fixed DepositIdentity Proof
Address Proof
Education LoanLetter of admission
Duly filled and signed loan application form
2 recent passport size photographs
Statement of cost of study
PAN Card, AADHAR card of student and parent/guardian
Proof of identity and proof of residence
IT returns or IT assessment order of previous two years of the co-borrower
Statement of assets and liabilities of parent/guardian
Proof of income of parent/guardian
Mortgage LoanIdentity Proof
Residence Proof
Income Proof
Loan application form
Passport size photos
Residential & commercial buildings owned by resident Indians will be accepted as securities.

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

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