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About Karnataka Bank Home Loan Bengaluru
Bengaluru is one of the leading cities in India and a perfect place to make a settlement. The Silicon Valley of India has everything that you expect in a leading city. Buying a home in the capital of Karnataka is like a dream come true. Karnataka Bank is the supporter of such dreams. It offers a home loan product to eligible salaried employees and self-employed individuals in the city at low rates of interest. The bank has kept a very solid presence here in Bengaluru with more than 60 branches.
Karnataka Bank Home Loan Bengaluru at a glance
The essential details about the product offered by Karnataka Bank have been given below.
|Interest Rate||8.45% - 9.28%|
|Amount||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 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.
|Tenure||Up to 30 years for purchase or construction of house.|
|Processing Fees||0.50% of the sanctioned loan amount|
|Prepayment Fees||As per Bank’s guidelines|
Eligibility Criteria for Karnataka Bank Home Loan Bengaluru
The norms of eligibility for a home loan offered by the bank have been mentioned below. Check them out.
- The age of the applicant should be at least 21 years and above. This means the applicant should have obtained the age of 21 years when the loan is applied.
- Salaried individuals, Self- employed, Agriculturist and Non- Resident Indians are eligible to apply for a Karnataka Bank home loan.
- In the case of salaried employees, the minimum monthly income should be ₹ 10,000. For others, the minimum annual gross income should be ₹ 1,20,000.
- In the case of an NRI, the minimum monthly income for a salaried individual should be ₹40,000. For others, the minimum annual gross income should be ₹ 4,80,000.
Documents required for Karnataka Bank Home Loan Bengaluru
The list of important documents required for a home loan offered by Karnataka Bank has been given below.
- 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)
For more details, please refer to Home Loan Bengaluru
Address of Karnataka Bank branches in Bengaluru
The complete list of Karnataka Bank branch in the city has been given here along with the address, contact details and IFSC & MICR codes.
|Branch Name||Address||IFSC Code||MICR||Contact Details|
|Ashok Nagar Bangalore||16 By 2, Wood Street, Ashoknagar, Bangalore 560025||KARB0000053||560052003||1800 425 1444|
|Industrial Finance Branch||No. 94 By A, Infantry Road Bangalore - 560001||KARB0000054||560052002||1800 425 1444|
|Malleswaram Bangalore||No197, Sampige Road, Malleswaram, Pb301, Bangalore 560003||KARB0000055||560052015||1800 425 1444|
|Chickpet Bangalore||551, 552, OTC Road, Near Balepet Post Office, Chickpet, Pb 7638, Bangalore 560053||KARB0000056||560052008||1800 425 1444|
|City Market Bangalore||1ST FLOOR, Srikrishna Mandir, Gundopanth Street, City Market, Pb 6718, Bangalore 560002||KARB0000057||560052009||1800 425 1444|
|Chamrajpet Bangalore||Velvet , 8 By 1, 5th Main, Pb1832, Bangalore 560018||KARB0000058||560052006||1800 425 1444|
|Murphy Town Bangalore||NO 109, Old Madras Road, Ulsoor, Bangalore 560008||KARB0000059||560052017||1800 425 1444|
|K G Road Bangalore||1ST Floor, FKCCI Bldg, Kempe Gowda Road, Pb9719, Bangalore 560009||KARB0000060||560052012||1800 425 1444|
|Jayanagar IX Block Bangalore||Shri Kshetra Complex No 911, 39th Cross, 28th Main, 9th Block, Jayanagar 9th Block, Bangalore||KARB0000061||560052011||1800 425 1444|
|Minerva Circle Bangalore||PB 163, Rajeshwari Complex, Rv Puram, Minerva Circle, Bangalore 560004||KARB0000062||560052016||1800 425 1444|
|Rajaji Nagar Bangalore||Opp Prasann Talkies, 6th Block, Rajajinagar, Bangalore 560010||KARB0000064||560052019||1800 425 1444|
|Srirampuram Bangalore||No 37, Mahakavi Kuvempu Road, Near Devaiah Park, Srirampuram Post, Bangalore 560021||KARB0000065||560052020||1800 425 1444|
|Yeshwanthpura Bangalore||NO 33, Pipeline Road, Behind Corporation Complex, 1st Main, Yeshwanthpur, Bangalore 560027||KARB0000066||560052023||1800 425 1444|
|Wilson Garden Bangalore||NO279, 10TH Cross, Wilson Garden, Bangalore 560027||KARB0000067||560052021||1800 425 1444|
|Kasturba Road Bangalore||83, Mohan Mansion, Kasturba Road, Pb5171, Bangalore 560001||KARB0000083||560052013||1800 425 1444|
|Jayanagar IV Block Bangalore||NO 204 By C, 6TH Main, 27th Cross, 4th Block, Jayanagar, Bangalore 560001||KARB0000084||560052010||1800 425 1444|
|Subhash Nagar Bangalore||RBD GT Road, Near City Railway Station, Subhashnagar, Bangalore 560023||KARB0000089||560052022||1800 425 1444|
|Koramangala Bangalore||652, 17TH Main, 3rd Block, Koramangala Layout, Pb 3424, Bangalore 560034||KARB0000094||560052014||1800 425 1444|
|Banashankari Iii Stage Bangalore||650, II Phase, Vii Block, Banashankari III Stage, Hosakerehalli Cross, Bangalore 560085||KARB0000097||560052004||1800 425 1444|
|Basaveshwara Nagar Bangalore||NO 323, 1st Cross, 4TH Block, 3rd Stage, Basaveshwaranagar, Woc, Bangalore 560079||KARB0000104||560052026||1800 425 1444|