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About Karnataka Bank Home Loan Lucknow
A home is what which comes to your mind when you think of the best place in the earth. It is like a dream come true when you are successful in buying a home which you can call as yours. There are so many people who wish to turn into a home owner but are unable to do because they don’t have required finance. This is where a home loan proves to be worthy. Karnataka Bank offers a home loan to eligible people in the city of Nawabs at feasible interest rates. The bank gives the product to every loan seeker who can meet the eligibility criteria. The capital of Uttar Pradesh, Lucknow has two branches of Karnataka Bank.
Karnataka Bank Home Loan Lucknow at a glance
The essential details about the product offered by Karnataka Bank have been given below.
|Interest Rate||8.80% - 9.20%|
|Amount||60 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.
|Tenure||Up to 30 years for purchase or construction of house.|
|Processing Fees||0.50% of the sanctioned loan amount|
|Prepayment Fees||As per Bank’s guidelines|
Eligibility Criteria for Karnataka Bank Home Loan Lucknow
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 Lucknow
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)
Check out Home Loan Lucknow for more information.
Address of Karnataka Bank branches in Lucknow
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 Name||Address||IFSC Code||MICR||Contact Details|
|Lucknow Gomti Nagar||Plot No.a-1/5, Vivek Khand, Gomti Nagar, Lucknow-226010||KARB0000594||226052003||1800 425 1444|
|Lucknow UP||G 3 By 5, Shalimar Square, 126 By 31, Bn Road, Lalbagh, Lucknow 226001||KARB0000453||226052002||1800 425 1444|