Top Banks 2024
Karnataka Bank Ghaziabad
Last Updated : Feb. 25, 2017, 11:58 a.m.
About Karnataka Bank
Karnataka bank has been set up in the year 1924 in Mangalore a small coastal town of Karnataka. It is one of the leading commercial banks which has gained the status of A class scheduled commercial bank from the governing body Reserve bank of India (RBI). The bank has grown and made the national presence in providing the best professional service and quality products for the financial requirements of the clients and customers. It has made abundant use of technology and has earned accolades for it in the form of various awards.
The bank has expanded with a total number of 7,669 employee, 1,22,000 shareholders, and over 9.2 million satisfied customers. It has expanded in 21 states and 2 union territories with 743 branches. It has the professional and well- trained workforce which helps to provide the quality products and services to the customers. It has recently got the two awards in the Banking technology awards 2017. The bank realized the importance of centralized banking system and was among the first to introduce the core banking system in the year 2000. It also has the Disaster recovery system which has all the data backup and can be put in service if the data center is damaged due to any disaster.It has made sure to use the technology to the optimum level so that it can provide the Non-stop banking to its customer. It has made all the products and services such that it evolves according to the time and changing lifestyle. The products and facilities cater all the financial requirements of the customer and the banks want to be the most preferred commercial bank.
Address of Karnataka Bank Branches in Ghaziabad
| Branch Name | Address | IFSC Code | MICR | Contact Details |
|---|---|---|---|---|
| Ghaziabad | Ground Floor, Gaur Gravity Mall, 8, Vaibhav Khand, Indirapuram, Ghaziabad - 201014, U.P. | KARB0000266 | 110052022 | 1800 425 1444 |
Products Offered by the Karnataka Bank in Ghaziabad
There are a vast number of products and services which are offered by Karnataka bank which aims to fulfill the requirements and needs of the clients. The products like the home loan, personal loan, loan against the property, car loan, education loan, business loan etc are few of the products that are offered by the banks. The bank is active in both Retail and corporate banking. It also has the other banking operations like the insurance, Mutual funds, Demat services etc.
Basic details about Karnataka Bank products
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | The age of the applicant should be at least 21 years and above. Salaried individuals, Self- employed, Agriculturist and Non- Resident Indians are eligible. Loans for Purchase of House site, Renovation, Construction of house, Furnishing the house. For Indian Residents: Minimum monthly income for Salaried individual is ₹ 10,000. Minimum annual gross income for others is ₹ 1,20,000. For NRI: Minimum monthly income for salaried individual is ₹40,000. Minimum annual gross income for others are ₹ 4,80,000. | 60 times of the monthly net salary or 5 times of the current year net income or maximum up to ₹5 crore for purchase or construction of house. Up to ₹30 lakh for renovation. Up to 80% of the registration value of the site or maximum of ₹50 lakh for purchase of housing site. Up to 75% of the estimated cost of asset for the re-furnishing of the house. | 9.08% - 10.35% | As per Bank’s guidelines | Up to 30 years for purchase or construction of house. Up to 7 years for renovation/extension/repair/remodeling. Up to 120 months for furnishing house. Up to 60 months for the purchase of housing site. |
| Personal Loan | The age of the applicant should be between 21 years and above. The applicant should be resident of India. The minimum net monthly salary should not be less than ₹ 10,000 per month for the salaried Individual For the self- employed businessmen or professionals the minimum annual net income should be ₹ 1.2 lakh. | Up to 24 times of the net monthly salary for the salaried individuals or 2 times of the average annual income for others. Minimum of ₹ 1 lakh up to maximum of ₹ 25 lakh | 13.49% | As per Bank’s guidelines | Up to five years |
| Car Loan | Eligible Segments - Individuals, professionals, reputed firms and companies, and Non- Resident Indians. The age of the applicant should be 21 years and above. Any individual filing the income tax returns can apply. Agriculturist who own the agricultural properties. | 85% of the road price including all taxes or maximum of ₹ 75 lakh for new vehicle. Maximum amount up to ₹ 20 lakh for the used vehicle. | 7.50% Onwards | As per Bank’s guidelines | For new vehicles - 84 months. For used vehicles- 34 months |
| Loan Against Property | Eligible Segments - Individuals, professionals, reputed firms and companies, closely held public limited company, Non- Resident Indians. Should be of age between 21 years and above. For Indian residents: Minimum monthly income is ₹10,000 for salaried individuals and annual gross income for others is ₹ 1.20 lakh. For NRI: Minimum monthly income for salaried individual is ₹ 1 lakh and annual gross income for others is ₹ 12 lakh. | 36 times of the take home salary for salaried individual or 3 times of the average annual income of last 2 years or 50% of the market value of the property. Minimum amount of ₹3 lakh to maximum up to ₹ 50 crore. | 12.20%- 13.20% p.a. | As per Bank’s guidelines | Up to 120 months |
| Education Loan | Students are applicable. Any minor or major student represented by Parents/ guardians of Indian nationality. Any students securing admission to a professional/ technical/ other courses in Indian or foreign institution. | Up to ₹ 10 lakh for study in India. Up to ₹ 20 lakh for study in abroad. | 10.60%- 13.95% p.a. | As per Bank’s guidelines. | Moratorium: course period + 1 year 0r 6 months after getting the job. From 5 to 7 years from the commencement of the moratorium period. |
| Business Loan | All micro, small, and medium enterprises. Any enterprises engaged in manufacturing/ processing/ packaging/ preservation of goods and providing or rendering of services. Any enterprise conforming to the norms of MSMED Act,2006 and is established according to the definition of MSME. | Up to ₹ 5 crore. For purchase of vehicle- Up to ₹ 1 crore | 10.20% - 13.95% | As per Bank’s guidelines. | Working capital Up to 34 months. Term loan up to 60/ 84 months |
| Fixed Deposit | Individual Joint (max. 4 people) A guardian on behalf of a minor HUF Partnership Firm A company Association or any other Institution | Minimum - ₹ 1,000 Maximum - No predetermined limit | 3.50% - 6.20% | 15 days - 10 years 7 days - 14 days only on single deposit of ₹ 5 lakhs & above |
Documents Required
The documents required for the different products by Karnataka bank Ghaziabad are mentioned in the table below:
| Products | Documents Required |
|---|---|
| Home Loan | Loan Application with passport size photograph of applicant / guarantor Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Signature proof- Passport/ PAN Card Processing fee cheque Detailed cost estimate/valuation report from Bank's Panel Chartered Engineer/Architect Allotment letter of Co-operative Housing Society/ Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary Last 3 months Salary Certificate and Form No.16/ITR for last 3 years (in case of salaried persons) IT Returns filed for the past three years (in case of non-salaried persons) Educational qualification certificate and the Proof of business existence (in case of self-employed businessmen or professionals) Balance Sheet and P&L Account for the past three years (in case of self-employed businessmen or professionals) |
| Personal Loan | Loan Application with passport size photographs Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Latest 3 months Salary Certificate and Form No.16 ( for the salaried individual) ITR/ITAO along with computation of income, B/S, P&L account with all scheduled certificate by the CA for last 2 years ( For the self- employed) Bank statement: For salaried individuals: Last 3 months bank statement (where salary is credited) For the self- employed: latest 6 months bank statement/ passbook (current account) For the self- employed: Proof of Qualification, Proof of continuity of business or profession. |
| Car Loan | 1 passport size photograph Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible and self attested) Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Proof of Income: Latest 2 months salary slip with form 16 Audited balance sheet, and the latest 2 years IT returns of the company/ Latest ITR, bank statement reflecting salary credits for last 4 months. Bank Statement: Income statement, balance sheet and ITR for last 2 years ( for self- employed), Last 6 months bank statement (for salaried individual) Business Proof: CST Certificate/ Labour act, Shop establishment act/ssi certificate, Proof of ownership of entity, Rental deed/ Utility deed in the name of the company. |
| Loan Against Property | Duly filled Loan Application with passport size photographs - 2 copies each Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Signature Proof: Passport/ PAN Card. Income proof: Last 3 month salary slip or salary certificate and ITR/ Form-16/ Appointment letter ( for the salaried individual) Last 2 years income tax returns and complete business profile and acknowledgement. Last 2 years financial with full schedules and audits by the certified CA. Bank Statement- Last 6 months bank statement, Last 3 years Profit/ loss and Balance sheet ( for self- employed professionals) Processing Fee cheque Property related documents: All the title related documents of the property that you wish to mortgage for loan. |
| Education loan | Duly filled application with recent photographs. Proof of residence – Passport/ Utility bill/ Allotment letter. Date of Birth proof Certificate of Domicile Fee particulars from school/ college Scholarship proof Study Certificate |
| Business loan | I.T.R. - 2 Years, Balance Sheet and Profit & Loss Account Proof of ownership of Residential or Commercial Property (including Parental Property) in select locations Latest 6 months Bank statement of Business. Proof of Identity Proof of Residence |
| Fixed Deposit | 2 Photographs of Depositor/s Identity Proof and Address Proof Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc. |