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Karnataka Bank Home Loan in Ghaziabad

Karnataka Bank Home Loan in Ghaziabad

Last Updated : May 5, 2018, 3:01 p.m.

About Karnataka Bank Home Loan Ghaziabad

Karnataka Bank offers eligible loan applicants in the city of Ghaziabad a home loan product. The bank gives the best interest rate and longest repayment tenure. With the help of a home loan, a home loan aspirant can become an owner of a house. The bank has opened up one branch in the city of Ghaziabad. The product can be used to repair and renovate the house too, in addition to buying a new house.

Karnataka Bank Home Loan Ghaziabad at a glance

The essential details about the product offered by Karnataka Bank have been given below.

ParticularDetails
Interest Rate9.08% - 10.35%
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 Ghaziabad

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 m inimum 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 m inimum 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 Ghaziabad

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, see Home Loan Ghaziabad .

Address of Karnataka Bank branches in Ghaziabad

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 CodeMICRContact Details
GhaziabadGround Floor, Gaur Gravity Mall, 8, Vaibhav Khand, Indirapuram, Ghaziabad - 201014, U.P.KARB00002661100520221800 425 1444

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