Karnataka Bank Home Loan

Karnataka Bank Home Loan Details

Karnataka Bank home loans are available for salaried and self-employed individuals as well as for agriculturists.

MCLR9.25% p.a.
Loan AmountUp to Rs.5 crore
Processing Fees0.50% of the loan amount
Penal Interest RateContact the bank
Prepayment/Foreclosure ChargesContact the bank
Max Tenure30 years
Rate Packages AvailableFloating rate

Karnataka Bank Home Loan Interest Rates

Karnataka Bank’s home loans are linked to the Marginal Cost of Funds Based Lending Rate (MCLR).

Karnataka Bank Home Loan SchemesInterest Rates
KBL Apna Ghar8.65% to 9.00% p.a.
KBL Home Comfort9.85% to 10.25%
KBL Ghar Niveshan14.30% p.a.

Karnataka Bank Home Loan Schemes

The following are the home loan schemes offered by Karnataka Bank:

  1. KBL Apna Ghar
    • For the construction or purchase of a flat or house
    • For repairs, remodel, or renovation of existing flat or house
    • Available for agriculturists too with repayment on yearly basis with yearly interest
    • Margin between 10% to 30%
    Interest RateProcessing Fees
    8.65% to 9.00% p.a.Contact the bank
  2. KBL Home Comfort
    • For the purchase of interior works, furnishing, lighting systems, solar heating of homes
    • Up to Rs.1 crore can be availed
    • Finance for up to 75% of the cost of work to be carried out or assets to be purchased
    Interest RateProcessing Fees
    9.85% to 10.25% p.a.Contact the bank
  3. KBL Ghar Niveshan
    • For the purchase of a site for house construction
    • Finance of up to Rs.80% of the registration value
    • Tenure of up to 5 years
    Interest RateProcessing Fees
    14.30% p.a.Contact the bank

Karnataka Bank Home Loan EMI Calculator to Know Your EMI

The Creditupchar Home Loan EMI Calculator will give you a detailed analysis of how much your EMI will be when you take a loan from Karnataka Bank. Just enter your desired loan amount, interest rate, processing fee, and tenure in the relevant fields. An accurate figure for your EMI, total interest payable, and total repayment will then be generated. You can also enter a pre-payment amount, if you plan to make one, to know how much your total repayable amount will be and the corresponding tenure.

Karnataka Bank Home Loan Eligibility Criteria

The eligibility criteria for Karnataka Bank home loans is as follows:

Eligibility ParametersEligibility Criteria
Type of EmploymentSalaried, self-employed, agriculturists
NationalityResident and Non-Resident Indians
IncomeFor Resident Indians:
  • Salaried: Minimum gross monthly income of Rs.10,000
  • Self-employed/professionals/entrepreneurs: Minimum gross annual income of Rs.1,20,000
  • Agriculturists: Minimum net annual income of Rs.1,20,000
For Non-Resident Indians:
  • Salaried: Minimum gross monthly salary: Rs.40,000
  • Self-employed/professionals/entrepreneurs: Minimum gross annual income of Rs.4,80,000

Documents Required for All Home Loan Applicants Under Karnataka Bank

These are some of the documents required to avail a home loan from Can Fin:

ParametersDocuments Required
Personal DocumentsAadhaar Card Voter ID PAN card Passport
Income ProofSalary slip Income tax returns of the previous year
Property DocumentsDetails of property

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