Karur Vysya Bank New Delhi

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About Karur Vysya Bank

Karur Vysya Bank is one of the leading public sector banks in India with more than 100 years of experience in the banking industry. The bank has a wide array of products and services that are designed by keeping in mind the affordability and expectations of the customers. Karur Vysya Bank is popular for its cash deposit machines (CDM) which is a major technology initiated by only a few banks. The bank is also an excellent paymaster amongst top private sector banks and one of the best loan providers as well. Talking about the reason behind the success, KVB has always been a believer of giving best of its services. All the dedicated employees of the bank work with the same motto of providing customer-friendly products to all the people from all caste, class, and gender. Having said that, some of the best products of the bank are home loans, personal loans, car loans, business loans, and mortgage loans.

KVB started its journey from Karur (a small town in Tamil Nadu) and has now reached a level where it has more than 700 branches all over India including metro cities like Mumbai and New Delhi. The bank facilitates great servicing in New Delhi keeping in mind the needs of the people and their comfort as well. Read this article to know in detail about all the products offered by KVB in New Delhi.

Karur Vysya Bank New Delhi Branches

Branch NameComplete AddressIFSCMICRContact Number
Chandni ChowkD.No.241 - 242, Fathepuri, Chandni Chowk, Delhi - 110 006KVBL00041091100530111860 200 1916
KarolbaghP.B.No. 2527 Poonam Chambers, XVI/2645 Bank Street, Karolbagh - 0KVBL00041011100530021860 200 1916
Lawrence RoadB - 3, Tyagi Public School Complex, Lawrence Road - 110035KVBL00041021100530031860 200 1916
Kashmere Gate3538 Nicholson Road, Mori Gate, Kashmere Gate - 0KVBL00041031100530051860 200 1916
RohiniC - 3/10 Prashanth Vihar, Nirulas Lane Sector - 14 Rohini, New Delhi - 110085KVBL00041041100530061860 200 1916
Greater Kailash3, Sant Nagar, East Of Kailash, New Delhi - 110065KVBL00041051100530071860 200 1916
CCOThe Karur Vysya Bank Ltd, New Delhi Cco, Poonam Chambers, 2645 Bank Street Karol Bagh, New Delhi - 110005KVBL00041061100530011860 200 1916
Ramesh NagarB - 97 Sharadapuri Radhey Shyam Mandir Chowk, Ramesh Nagar, New Delhi, New Delhi - 1100015KVBL00041081100530091860 200 1916
Connaught CircusH - 17, Gobind Mansion, Connaught Circle, New Delhi, New Delhi, Delhi, 110001KVBL00041111100530121860 200 1916
PitampuraOpposite Metro Pillar No 347, 15, Vaishali, Pitampura, New Delhi 110034KVBL0004112NON-MICR1860 200 1916
Laxmi NagarU-38A, Shakarpur DelhiKVBL0004113NON-MICR1860 200 1916
JanakpuriB-1/513, Janakpuri New DelhiKVBL0004114NON-MICR1860 200 1916
Kamlanagar10D, Kamla Nagar DelhiKVBL0004115NON-MICR1860 200 1916
RLPC822 Prithvinath Marg, East Park Road, Karolbagh, DelhiKVBL0004116NON-MICR1860 200 1916

Products Offered by Karur Vysya Bank in New Delhi

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. 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 New Delhi.

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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