Karnataka Bank Home Loan in Kolkata

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.

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 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 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 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.

Branch NameAddressIFSC CodeMICR Contact Details
Park Street Kolkata1st Floor, Shubham, 1, Sarojini Naidu Sarani, Park Street, Kolkata 700017KARB00001477000520021800 425 1444
Central Avenue KolkataCentral Avenue Branch, 7, Khetra Das Lane, Near Bow Bazar Police Station, Kolkata 700012KARB00004347000520031800 425 1444
Salt Lake KolkataNO CJ 161, Janaki Kunj Sector Ii Salt Lake City Para Kolkata 700091KARB00004357000520041800 425 1444
Rash Behari AvenueNO 112A Ground Floor Near Lake Market Rash Behari Avenue Kolkata 700026KARB00004367000520051800 425 1444
Beliaghatta32, Ground Floor, Hemachandra Naskar Road, Beliaghata, Kolkata 700010KARB00004387000520061800 425 1444
BhowaniporeNO.40, Ashutosh Mukherjee Road, Bhowanipore, Lala Lajpat Rai Sarani Post Office, Kolkata - 700020KARB00004397000520071800 425 1444
RajarhatFirst Floor, Katghora, Near Chinar Park, Rajarhat New Town Road, P.O. Rajarhat Gopalpur, Ps Baguiati, Kolkata - 700136, W.B.KARB00006627000520081800 425 1444
RO KolkataFirst Floor, Office No.111, Diamond Prestige, 41 A Ajc Road, Kolkata - 700017KARB0000450NON-MICR1800 425 1444
Kolkata Girish ParkD.NO.60, Ground Floor, Vivekananda Road, Jorasanko, Girish Park, Kolkata-700006KARB00003837000520131800 425 1444

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