Karnataka Bank Home Loan in Bengaluru

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.

ParticularDetails
Interest Rate8.70% - 9.10%
Amount60 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.
TenureUp to 30 years for purchase or construction of house.
Processing Fees0.50% of the sanctioned loan amount
Prepayment FeesAs 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 NameAddressIFSC CodeMICR Contact Details
Ashok Nagar Bangalore16 By 2, Wood Street, Ashoknagar, Bangalore 560025KARB00000535600520031800 425 1444
Industrial Finance BranchNo. 94 By A, Infantry Road Bangalore - 560001KARB00000545600520021800 425 1444
Malleswaram BangaloreNo197, Sampige Road, Malleswaram, Pb301, Bangalore 560003KARB00000555600520151800 425 1444
Chickpet Bangalore551, 552, OTC Road, Near Balepet Post Office, Chickpet, Pb 7638, Bangalore 560053KARB00000565600520081800 425 1444
City Market Bangalore1ST FLOOR, Srikrishna Mandir, Gundopanth Street, City Market, Pb 6718, Bangalore 560002KARB00000575600520091800 425 1444
Chamrajpet BangaloreVelvet , 8 By 1, 5th Main, Pb1832, Bangalore 560018KARB00000585600520061800 425 1444
Murphy Town BangaloreNO 109, Old Madras Road, Ulsoor, Bangalore 560008KARB00000595600520171800 425 1444
K G Road Bangalore1ST Floor, FKCCI Bldg, Kempe Gowda Road, Pb9719, Bangalore 560009KARB00000605600520121800 425 1444
Jayanagar IX Block BangaloreShri Kshetra Complex No 911, 39th Cross, 28th Main, 9th Block, Jayanagar 9th Block, BangaloreKARB00000615600520111800 425 1444
Minerva Circle BangalorePB 163, Rajeshwari Complex, Rv Puram, Minerva Circle, Bangalore 560004KARB00000625600520161800 425 1444
Rajaji Nagar BangaloreOpp Prasann Talkies, 6th Block, Rajajinagar, Bangalore 560010KARB00000645600520191800 425 1444
Srirampuram BangaloreNo 37, Mahakavi Kuvempu Road, Near Devaiah Park, Srirampuram Post, Bangalore 560021KARB00000655600520201800 425 1444
Yeshwanthpura BangaloreNO 33, Pipeline Road, Behind Corporation Complex, 1st Main, Yeshwanthpur, Bangalore 560027KARB00000665600520231800 425 1444
Wilson Garden BangaloreNO279, 10TH Cross, Wilson Garden, Bangalore 560027KARB00000675600520211800 425 1444
Kasturba Road Bangalore83, Mohan Mansion, Kasturba Road, Pb5171, Bangalore 560001KARB00000835600520131800 425 1444
Jayanagar IV Block BangaloreNO 204 By C, 6TH Main, 27th Cross, 4th Block, Jayanagar, Bangalore 560001KARB00000845600520101800 425 1444
Subhash Nagar BangaloreRBD GT Road, Near City Railway Station, Subhashnagar, Bangalore 560023KARB00000895600520221800 425 1444
Koramangala Bangalore652, 17TH Main, 3rd Block, Koramangala Layout, Pb 3424, Bangalore 560034KARB00000945600520141800 425 1444
Banashankari Iii Stage Bangalore650, II Phase, Vii Block, Banashankari III Stage, Hosakerehalli Cross, Bangalore 560085KARB00000975600520041800 425 1444
Basaveshwara Nagar BangaloreNO 323, 1st Cross, 4TH Block, 3rd Stage, Basaveshwaranagar, Woc, Bangalore 560079KARB00001045600520261800 425 1444

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