Karur Vysya Bank has set specific eligibility criteria that need to be met before a housing loan is sanctioned. First, let’s take a look at the eligibility criteria and then see how you can increase your eligibility. 

Karur Vysya Bank Home Loan Eligibility Criteria

Who can apply?

Both salaried and self-employed individuals and HUFs 

Age criteria

  • Minimum 21 years (minimum 23 years for NRIs)
  • Maximum 60 years

Income criteria

Minimum of Rs. 25,000 per month and holds steady and stable employment for at least two years

Loan Tenure

Maximum of 25 years


Available to both resident Indians as well as NRIs and PIOs

Loan Amount

No maximum cap; it depends on your repayment capacity. 


Besides these essential eligibility criteria, Karur Vysya Bank also has special eligibility criteria for home loans for NRIs:

  • Holds a valid Indian passport for NRIs/ a valid foreign passport for PIOs 
  • Employed overseas for at least two years
  • Valid work permit or job contract overseas 
  • A minimum net annual income of $18,000 or a Minimum monthly income of $1500

How can I increase my eligibility for a housing loan at KVB? 

  • Work on improving your credit score – The credit score is a crucial factor determining your loan outcome. Having an excellent credit score of 750+ helps get your home loan approved quickly and gets you the desired loan amount at the best interest rates. 
  • Add a co-applicant – Adding a co-applicant (an earning spouse, parent, sibling or child) helps improve home loan eligibility as both the applicants’ credit score and income levels are considered together. 
  • Offer a larger down payment – Offering a larger down payment reduces the loan amount and subsequently the risk borne by the lender. 
  • Maintain steady employment – Lenders need to be assured that you have a steady income to repay EMIs on time. Furnishing proof of your employment and maintaining stable employment with a reputed employer improves your eligibility for a home loan. 
  • Prepay existing loans – Having huge ongoing debts negatively affects your eligibility chances for a long-term loan like a home loan. If you have taken several other loans like a personal loan or a car loan, try to close these loans before applying for a home loan. Closing other debts reduce your debt-to-income ratio, which improves your chances of securing the KVB home loan. 
  • Get a copy of your credit report – Check for errors on the report and get it fixed. 
  • Furnish sources of other income – Providing proof of other income sources like rental income, dividends, returns from investments shows to the lender that you have a steady source of income and are likely to repay your EMIs on time. 
  • Go for a longer repayment tenure – A long repayment tenure reduces home loan EMIs, thereby making it easy for you to repay loans on time, which in turn increases your home loan eligibility. 
  • Choose reputed real-estate developers – When purchasing a flat or constructing an independent home, working with reputed real-estate developers improves your chances of home loan eligibility. 

You can also use the home loan eligibility calculator available on the KVB website to determine the home loan amount you’re eligible for. 

Additional Reading: How do I calculate my home loan eligibility?