Karnataka Bank Home Loan in Hyderabad

About Karnataka Bank Home Loan Hyderabad

Hyderabad is fondly known as the city of pearls. The capital of Telangana is one of the best places to live in southern India. The city has a special charm of its own. Living here and owning a house in the city is a big deal. Karnataka Bank overall has a very strong presence here in the city with more than ten branches. The bank provides the people of the city with a home loan, in case they need funds for building their own house. The product comes with exciting features like low rates of interest, flexible term of repayment and affordable monthly EMIs.

Karnataka Bank Home Loan Hyderabad at a glance

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

ParticularDetails
Interest Rate8.60% - 9.00%
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 Hyderabad

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 Hyderabad

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 refer to Home Loan Hyderabad.

Address of Karnataka Bank branches in Hyderabad

The complete list of Karnataka Bank branches in the city has been given here along with the address, contact details and IFSC & MICR codes.

Branch NameAddressIFSC CodeMICR Contact Details
Hyderabad Main Nampally5 4 424, Nampally Station Road, Pb 254, Hyderabad 500001KARB00003205000520021800 425 1444
Banjara Hills HyderabadPlot No50, Srinagar Colony, Banjara Hills, Hyderabad 500073KARB00003295000520041800 425 1444
Dilsukhnagar Hyderabad18 BY 89, 1ST Floor, Chaitanyapuri Cross Road, Kamala nagar, Dilsukhnagar, Hyderabad 500060KARB00003315000520051800 425 1444
Uma Nagar Hyderabad6 3 1219 BY 24, Uma Nagar, Begumpet, Hyderabad 500016KARB00003335000520081800 425 1444
Rajbhavan Road Hyderabad6 3 1090 BY A, Bhupal Towers, Rajbhavan Road, Somajiguda, Hyderabad 500082KARB00003345000520071800 425 1444
KukatpallyNO 42, Prathima Arcade Phase 6, Kphb Colony, Kukatpally, Hyderabad 500072KARB00003365000520091800 425 1444
A S Rao Nagar Hyderabad1 19 69 BY 5 BY 1 Dr A S Rao Nagar Sainikpuri Secunderabad Dist Hyderabad Secunderabad 5KARB00007335000520061800 425 1444
SerilingampallyPlot No.12, Kruthika Layout, Opp. Image Garden Function Hall, Madhapur, Serilingampally, Hyderabad - 500081.KARB00007365000520111800 425 1444
Ro HyderabadPlot No.50, Ist Floor. Road No.3, Srinagar Colony, Banjara Hills Hyderabad - 500073KARB0000350NON-MICR1800 425 1444
Rajendra NagarGround Floor, Beside Pillar No. 210, M Q Splendour, Rajendranagar, Hyderabad - 500048KARB00006645000520131800 425 1444

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