Karnataka Bank Home Loan in Kolkata

Last Updated : April 26, 2017, 6:30 p.m.

About Karnataka Bank Home Loan Kolkata

Kolkata is the former capital of India and a place to live in if you wish to enjoy serenity and calmness. The city is known for its amazing food and ambiance all over the country. This is the reason why it is a favorite when it comes to choosing a city to live in. In case you are planning to buy a house in the city and require funds for the same, then a bank is there to fulfill all your dreams. That bank is known by the name Karnataka Bank. The bank has established nine branches in the capital of West Bengal. It offers a home loan product to every eligible self-employed individual and salaried employee based in the city at a feasible rate of interest.

Karnataka Bank Home Loan Kolkata at a glance

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

Eligibility Criteria for Karnataka Bank Home Loan Kolkata

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 Kolkata

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 information please refer to Home Loan Kolkata .

Address of Karnataka Bank branches in Kolkata

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