Karnataka Bank Home Loan New Delhi - IFSC, Rates Dec 2023, EMI, Eligibility

Karnataka Bank Home Loan in New Delhi

About Karnataka Bank Home Loan New Delhi

New Delhi, the capital of India is a perfect place to live in. The city is a major hub of education and employment and therefore attracts many people from all over India. Living here is a dream which many people want to realize as soon as possible. The city has many people who have lived here for so long but in rented houses. In case, you too want to buy your own house, you can do so with the help of a Karnataka Bank home loan. The Bank has more than 20 branches in the city of New Delhi and has ensured that quality products and services are delivered to the customer living here. The product can be used by any eligible self-employed person or a salaried employee based in New Delhi for buying a house as well as renovating the house.

Karnataka Bank Home Loan New Delhi at a glance

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

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 New Delhi

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 New Delhi

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 New Delhi.

Address of Karnataka Bank branches in New Delhi

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
Chandni Chowk New Delhi1ST Floor, Ghanta Ghar, Opp Town Hall, Pb 739, Chandni Chowk, Delhi 110006KARB00001891100520031800 425 1444
Laxmi Nagar New DelhiDr Chawla Complex, 1 By 17, Lalita Park, Vikas Marg, Laxminagar, Delhi 110092KARB00001941100520081800 425 1444
New Delhi45, Regal Building, Pb 703, New Delhi 110001KARB00005371100520021800 425 1444
Overseas New DelhiK 2, Choudhary Building, 1st Floor, Middle Circle, Connaught Circus, New Delhi 110001KARB00005421100520041800 425 1444
Savitha Vihar New DelhiNO13, Neelkanth Chambers, Local Shopping Centre, Sarita Vihar, Delhi 110092KARB00005441100520061800 425 1444
West Patel Nagar New Delhi11 BY 8, Upper Ground Floor, West Patel Nagar, New Delhi 110008KARB00005461100520091800 425 1444
Lajpat Nagar New DelhiE 108 BY 109, Lajpat Nagar, New Delhi 110024KARB00005471100520101800 425 1444
Shalimar Bagh New DelhiAggarwal Plaza, 1st Floor, Bn Block West , Shalimar bagh Delhi 110088KARB00005481100520111800 425 1444
Rohini New DelhiPlot No6, Aggarwal Central Plaza, 1st Floor, Community Centre, Dc Chowk, Sector 9, Rohini New DelhiKARB00005491100520121800 425 1444
R K Puram New DelhiDelhi Karnataka Sangha Building, Rao Tularam Marg, Sector 12 RKPuram Delhi City 110022KARB00005501100520141800 425 1444
Dwarka New DelhiPlot No 6 Hl Square Sector 5 Dwarka Delhi City 110075KARB00005511100520151800 425 1444
G T Karnal Road New DelhiNO.6, Ground Floor, Jain Colony Veer Nagar, G.T Karnal RoadKARB00005531100520171800 425 1444
Paschim Vihar New DelhiA - 4 By 45, Paschim Vihar, New DelhiKARB00005541100520161800 425 1444
JanakpuriD/A/A1, Ground Floor, Satguru Ramsingh Marg, Janakpuri D Block, New Delhi 110058KARB00005561100520181800 425 1444
New Delhi Karol BaghPlot No. 5439/71, Ground Floor, Main Arya Samaj Road, Karol Bagh, New Delhi - 110005KARB00005581100520191800 425 1444
Service Branch New Delhi45, Regal Building, Connaught Place, New - Delhi - 110001KARB00005551100520011800 425 1444
East Of KailashD - 59, Sapna Road, East Of Kailash, New Delhi - 110065KARB00005601100520201800 425 1444
Ashok ViharA - 1, Near Satyawati College, Phase Ii, Ground Floor, Ashok Vihar, Delhi - 110052KARB00005611100520211800 425 1444
RO DelhiM13(A) Punj House, 1st Floor, Connaught Circus, New DelhiKARB0000250NON-MICR1800 425 1444
New Delhi - VikaspuriGround Floor, F - 119, Vikaspuri, New Delhi - 110018KARB00005621100520231800 425 1444
Malviya NagarGround Floor, D/NO. B-1/13, Malviya Nagar, New Delhi - 110017KARB00005671100520251800 425 1444
New Delhi Kirti NagarGround Floor H 59 Kirti Nagar New Delhi 110015KARB00005741100520281800 425 1444
New Delhi KalkajiPlot No K 10, Kalkaji Road, New Delhi Kalkaji 110019KARB00005751100520271800 425 1444

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