Karnataka Bank Home Loan – Interest Rates 2020, EMI Eligibility Calculator

KBL APNA GHAR (Home Loan) Scheme of Karnataka Bank. Find ✓ Best interest rates ✓ Eligibility at Deal4loans. Compare ✓ Documents ✓ Repayments options ✓ Margin amount ✓ Prepayment charge ✓ Processing fees.

Karnataka Bank Home loan Details

Interest Rates 8.60% – 8.90%
Period of Loan Upto 15 years
Pre payment Charges Nil
Amount of Finance upto Rs.50 lakh
Cibil Score Min. 750
Lowest EMI Rs. 1044.22 per lakh
Min. Income Rs.8000/- p.m
Margin 20% to 30%

Home Loan applications received for rupees ₹ 419,027 crores till 30 November 2020

Compare & Get Instant Home Loan Quotes Online & Check your CIBIL score absolutely FREE.

Loan Amount
Occupation

Annual Income

City

120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 6.90% for women, 6.95% for Others.

Who is eligible for Karnataka Bank housing loan schemes?

✓ Individuals who are residents of India.
✓ Salaried persons aged 21 years and above. They should be in confirmed service in the present employment and must have total regular employment for a minimum period of 3 years and a minimum gross monthly salary  of Rs. 6000/-.
✓ Businessmen / Professionals / self employed persons aged 21 years and above. Further, the period of loan plus age of the borrower should not exceed 70 years. They should be in business for a minimum period of 3 years and a minimum gross annual income of Rs.60,000/-.

Karnataka Bank Home Loan EMI Calculator

You can calculate your required loan amount EMI per month on the basis of interest Rates & No of Repayment Years.

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

Amount of Finance:

For purchase / construction
✓ 60 times the last drawn monthly take home (net) salary in case of salaried persons   Or
✓ 5 times the latest annual net income + depreciation provided, if      any, as per Profit & Loss A/c in case of traders / professionals / self employed persons  Or
✓ Rs.50 lakh whichever is lower.

For renovation / repairs: Upto Rs.10 lakh or 40% of the value of the house / flat, whichever is lower.

Period of Loan: Up to 15 years. Repayment holiday up to 18 months considered.

Margin:

✓ 20% for construction of a house on a land already owned.
✓ 25% of  the  total  cost  in  the  case  of  a  house  /  flat  not  older  than  5  years.
✓ 30% of the total cost in the case of a house  /  flat over  5 years old but not older than 20 years.
✓ 30% of the cost for renovation / repair, subject to maintaining 40% margin on the value of the house /  flat.
Other Information:

  1. How rate of interest will change if interest rate is linked to PLR: Interest is linked to PLR and any revision in PLR will lead to revision of interest rates on the loan also. Interest rats on loan account will increase / decrease with the increase / decrease of PLR, proportionately.
  2. Meaning of Co-obligant / guarantor: Co-obligant / guarantor is a person who undertakes to repay the loan on default of the principal borrower. His liability is co-extensive with that of the principal debtor i.e, to say the amount of his liability will be the same that of the principal borrower and the Bank will proceed against him for recovery along with the principal borrower. He cannot say that his liability will come only after the remedies against the principal borrower are exhausted.
  3. Time required for processing and sanctions of loans: Loan applications (inland credit) will be disposed off within 15 working days if sanction is at branch level, within 30 working days if sanction is at RO level and within 45 working days if sanction is at HO level after receipt of all required information from the applicant.
  4. Option for pre-payment / closure of loan account: Option for pre-payment / closure of loan account is available. Pre-closure charges will be levied at rates as decided by the Bank from time to time.
  5. Effect of missing installment: Non-payment of installment as per agreed terms will adversely affect credit rating and credit history of the borrower besides attracting penal interest.
  6. Circumstances in which the Bank is entitled to recall the entire loan: The bank reserves the right to recall the entire loan when

a) The bank finds that the loan amount is misused.

b) The repayment is not forthcoming as per agreed terms

  1. Penalty for non-payment of installment: 2% penalty will be charged on installment amount not paid.
  2. Method of calculation of interest: Interest is charged on daily balance method and is debited once in a month. Installment amount not paid on its due date will attract 2% penalty over and above the sanctioned rate.
  3. When details of loan account will be passed on a credit Reference Agencies: Details of all the willful defaulters is reported to credit reference agency i.e. CIBIL on monthly basis. Before referring the case, the borrower will be suitably advised about the proposal to classify him as willful defaulter along with the reasons thereof. He will also be informed about consequences of referring to CIBIL. The concerned borrower is provided reasonable time (i.e. 15 days) for making representation against such decision, if he so desires, to a Committee headed by the Chairman and Managing Director.

List of Major Bank Branches of Karnakata Bank for Retail Loans in India

City Branch Address
Guntur P.B.NO.191, BEHIND HINDU COLLEGE, G.T.ROAD,GUNTUR,ANDHRA PRADESH-522003
Guntur D.NO.4-14-106,ANANDA NILAYAM,NEAR ANJANEYA SWAMY TEMPLE, AMARAVATI ROAD,GUNTUR,ANDHRA PRADESH-522 007
Vijayawada D.No.27-20-51,Ground Floor,Lakshmiram Plaza, Museum Road,Governorpet,VIJAYAWADA,ANDHRA PRADESH-520002
Vishakapatnam 9-1-221/1, NEAR RAMA TALKIES JUNCTION, C.B.M.COMPOUND, MADDILAPALEM ROAD,VISAKHAPATNAM,ANDHRA PRADESH-530003
Raipur PLOT NO. 2, FAFADIH CHOWK, JAIL ROAD (MEDICAL COLLEGE ROAD),RAIPUR,CHHATTISGARH-492009
New Delhi 11/8, WEST PATEL NAGAR, ,NEW DELHI,DELHI-110008
New Delhi F-90,Ground Floor, Lajpat Nagar-II,NEW DELHI,DELHI-110024
New Delhi M-13A, (OUTER CIRCLE) PUNJ HOUSE, 1ST FLOOR, CONNAUGHT CIRCUS,NEW DELHI,DELHI-110001
New Delhi DELHI KARNATAKA SANGH BUILDING, RAO TULARAM MARG SECTOR 12 R K PURAM,NEW DELHI,DELHI-110022
New Delhi No. 6, GROUND FLOOR, JAIN COLONY, VEER NAGAR, KARNAL ROAD,NEW DELHI,DELHI-110007
Delhi PLOT NO. 5439/71, MAIN ARYA SAMAJA ROAD, KAROL BAGH,NEW DELHI,DELHI-110005
Delhi A-4/45, PASCHIM VIHAR, ,NEW DELHI,DELHI-110063
Delhi D-59, OPP. SAPNA CINEMA, SAPNA ROAD,NEW DELHI,DELHI-110065
Delhi K-10,GROUND FLOOR, KALKAJI,NEW DELHI,DELHI-110 019
Rajkot PRAMUKH PARADISE,YOGINIKETAN PLOT, NIRMALA CONVENT ROAD,RAJKOT,GUJARAT-360005
Surat K.G.CHAMBERS, UDHNA DARWAJA, RING ROAD, OPP. GUJARAT SAMACHAR PRESS, P.B.NO. 386,SURAT,GUJARAT-395002
Vadodara SURYA KIRAN COMPLEX, OLD PADRA ROAD, NEAR TAGORE NAGAR, VIDUTNAGAR,VADODARA (BARODA),GUJARAT-390015
Gurgaon PLOT NO 14, GROUND FLOOR, SCO – 14, SECTOR – 14,GURGAON,HARYANA-122001
Gurgaon SCO No:28,Huda Main Market, SECTOR 31,GURGAON,HARYANA-122 001
Faridabad SCO.149,Ground & First Floor, SECTOR 21C, SHOPPING CENTRE,FARIDABAD,HARYANA-121 012
Bangalore B B ENCLAVE,NEW INTERNATIONAL AIRPORT, HUNASEMARANAHALLI-562157,BANGALORE URBAN DIST.,BENGALURU-RURAL,KARNATAKA-562157
Bangalore # 5006/5011, LAKSHMI COMPLEX, B.H. ROAD, SUBHASHNAGAR, NELAMANGALA,BENGALURU-RURAL,KARNATAKA-562123
Bengaluru No.-87,MICO MAIN ROAD,VINAYAKA NAGAR, (OPP. RTO),NAGANTHAPURA,BENGALURU-URBAN,KARNATAKA-560100
Bengaluru NO.569/570,1st MAIN ROAD, KENGERI SATELLITE TOWN,BENGALURU-URBAN,KARNATAKA-560060
Mysore NO. 2954, K-12/4, J.L.B. ROAD, CHAMUMDIPURAM CIRCLE, P.B.NO.385,MYSURU,KARNATAKA-570004
Trivandrum S.NO.703/1, 1ST FLOOR, MUTHUPPA BUILDING, THAKARAPARAMBU ROAD, PAZHAVANGADI, P.B.NO.5082,THIRUVANANTHAPURAM,KERALA-695023
Kozhikode ROOM NO.4, JAYANTHI BUILDINGS, 1ST FLOOR, PALAYAM, P.B.NO.140,KOZHIKODE,KERALA-673001
Indore UG-1,2 & 9,#10/2,CAPTAIN C S NAIDU ARCADE, GREATER KAILASH ROAD, OLD PALASIA.INDORE,INDORE,MADHYA PRADESH-452001
Bhopal GROUND FLOOR- SADANA TOWERS- 2A,BHOPAL,MADHYA PRADESH-462011
Gwalior GROUND FLOOR BKG HOUSE,OPPP:SANJAY COMPLEX, JAYENDRAGANJ,GWALIOR,MADHYA PRADESH-474 009
Mumbai GROUND FLOOR, DON BOSCO HIGH SCHOOL BUILDING, VAZIRA NAKA,BORIVLI (WEST),MUMBAI,MAHARASHTRA-400091
Mumbai 20-21, OSHIWARA LINK PLAZA, MHADA COMPLEX, OSHIWARA, JOGESHWARI (WEST),MUMBAI,MAHARASHTRA-400102
Mumbai PLOT NO.321-322 ST.ANTHONYS INSTITUTE,MUMBAI,MAHARASHTRA-400050
Mumbai B/13,MATRU ASHISH,NEXT TO BALBHARATI SCHOOL, S V ROAD,KANDIVLI WEST,MUMBAI,MAHARASHTRA-400067
Mumbai Ground Floor, MTNL CETTM Building,Main Street, Hiranandani Gardens,Powai,MUMBAI,MAHARASHTRA-400076
Nagpur P.B.NO.417, JAISHREE, 365A, 1ST FLOOR, NEAR LAD COLLEGE SQUARE, GANDHI NAGAR,NAGPUR,MAHARASHTRA-440010
Pune DOOR NO. 84/4, 1ST FLOOR, EVEREST HOUSE, TUPE COMPLEX, NEAR VAIBHAV THEATRE, SOLAPUR ROAD, HADAPSAR,PUNE,MAHARASHTRA-411028
Nashik CANADA CORNER OPPOSITE VASANT MARKET, GANGAPUR LINK ROAD,NASIK,MAHARASHTRA-422005
Thane SHOP NO. 12, “VIHANG GARDEN”, POKARAN ROAD NO. 1, VARTAK NAGAR,THANE,MAHARASHTRA-400606
Amritsar 35B-(36-13)-SCO3- AVENTURA MALL,AMRITSAR,PUNJAB-143001
Ludhiana B-15/179, 1ST FLOOR, SONA COMPLEX, NIRANKARI KUCHA NO.4, P.B.NO.789, MILLERGANJ, G.T.ROAD,LUDHIANA,PUNJAB-141003
Mohali S C F 43, PHASE-3-B-II, SECTOR-59, S.A.S. NAGAR, ROOPNAGAR,MOHALI,PUNJAB-160059
jaipur C-13.GROUND FLOOR,VAISHALI MARG, VAISHALI NAGAR.,JAIPUR,RAJASTHAN-303 021
Erode DOOR NO.15A, GANDHIJI ROAD, P.B.NO.192,ERODE,TAMILNADU-638001
Madurai 39-41, 1ST FLOOR, P.B.NO.78, TOWN HALL ROAD,MADURAI,TAMILNADU-625001
Trichy No 72,Kanchana Enclave, 7th Cross,Thillai Nagar,TRICHY,TAMILNADU-620018
Vellore PLOT NO-A-1,SUNDRAM COMPLEX,PHASE-II, TNHB(NEAR COLLECTOR OFFICE),SATHUVACHARI,VELLORE,TAMILNADU-632009
Hosur D.NO 74,3rd CROSS, KAMARAJ COLONY,HOSUR,TAMILNADU-635 109
Noida F-27/28, Sector -18, SECTOR-18, NOIDA,NOIDA,UTTAR PRADESH-201301
Varanasi 1st FLOOR, KANHAIYA CHITRA MANDIR COMPLEX, BADADEV, GODOWALIA,VARANASI,UTTAR PRADESH-221001
Chandigarh SCO NO.2909 & 2910,SECTOR 22-C, DAKSHIN MARG,CHANDIGARH,U.T.OF CHANDIGARH-160022
Chandigarh SCO 311,SECTOR 38D, ,CHANDIGARH,U.T.OF CHANDIGARH-160036
Chandigarh 1ST FLOOR, ?SHUBHAM?, 1, SAROJINI NAIDU SARANI, PARK STREET,KOLKATA,WEST BENGAL-700017
Kolkata NO. C J -161, JANAKI KUNJ, SECTOR II, SALTLAKE CITY, [PARA],KOLKATA,WEST BENGAL-700091
Hyderabad PLOT NO.50, SRINAGAR COLONY, A.P. GOVT. OFFICERS CO-OP. BLDG. SOCIETY, BANJARA HILLS,HYDERABAD,TELANGANA-500073
Hyderabad NO. 3-4/1, A K REDDY COMPLEX, CHAITANYAPURI, DILSUKHNAGAR,HYDERABAD,TELANGANA-500060
Hyderabad 6-3-1219/24, GROUND FLOOR, UMA NAGAR, BEGUMPET,HYDERABAD,TELANGANA-500 016
Warangal NO.12-2-6, 1ST FLOOR, JANDHYAM COMPLEX, S.V.N. ROAD,WARANGAL,TELANGANA-506002
Patna SR,01,DukhaRam Plaza,, Exhibition Road, Near Ghandhi Maidan,,PATNA,Bihar-Patna

Available Products of Karnataka Bank:

Karnataka Bank Home Loan

Karnataka Bank Personal Loan

Karnataka Bank Car Loan

Karnataka Bank Fixed Deposit

Karnataka Bank Two Wheeler Loan

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