Karnataka Bank Home Loan in New Delhi

Last Updated : April 27, 2017, 3:26 p.m.

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.

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 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 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.