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
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.
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.
✓ 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
- Penalty for non-payment of installment: 2% penalty will be charged on installment amount not paid.
- 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.
- 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
|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: