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Karnataka Bank New Delhi

Karnataka Bank New Delhi

Last Updated : Sept. 5, 2018, 4:01 p.m.

About Karnataka Bank

Karnataka bank is one of the leading banks in India. It has been set up in the year 1924 in Mangalore which is still the headquarter of the bank. It has gained the status of A class scheduled commercial bank by the Reserve Bank of India. The bank has been in service for more than 9 decades and was formed by the contribution by various lawyers and businessmen of the times. It has emerged as the leading financial service institution in India. It has made several changes in the system according to the changing times. It has been one of the first banks to understand the importance of the centralized banking system. It has been one of the first to deploy the core banking system in the year 2000 and the data center is Bangalore. It also has the disaster recovery system that has all the backup in case any calamity or disaster destroy the data center then they will have the backup for providing the smooth and non-stop banking facilities.

The aim of Karnataka bank is to provide quality service at all level. The bank strives hard to provide the best in products and services to their customers. The bank wants to develop and maintain the long-term relationship with the clients by giving them the best banking experience. It wants to be the most trusted commercial bank in India.

Address of Karnataka Bank Branches in New Delhi

Branch NameAddressIFSC CodeMICRContact 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

Products Offered by the Karnataka Bank in New Delhi

Karnataka bank offers the financial solution in the form of the different and wide range of products and services that are required by the customers. It gives all types of loan products namely the personal loan, car loan, gold loan, home loan, loan against property etc. It also gives the customer the option to invest and increase their savings through other services like deposit, insurance, mutual fund, Demat services etc. Thus, it offers the all-round solutions to the customers and clients.Karnataka bank offers the financial solution in the form of the different and wide range of products and services that are required by the customers. It gives all types of loan products namely the personal loan, car loan, gold loan, home loan, loan against property etc. It also gives the customer the option to invest and increase their savings through other services like deposit, insurance, mutual fund, Demat services etc. Thus, it offers the all-round solutions to the customers and clients.

Basic details about Karnataka Bank products

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanThe age of the applicant should be at least 21 years and above.

Salaried individuals, Self- employed, Agriculturist and Non- Resident Indians are eligible.

Loans for Purchase of House site, Renovation, Construction of house, Furnishing the house.

For Indian Residents:
Minimum monthly income for Salaried individual is ₹ 10,000.
Minimum annual gross income for others is ₹ 1,20,000.

For NRI:
Minimum monthly income for salaried individual is ₹40,000.
Minimum annual gross income for others are ₹ 4,80,000.
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 ₹30 lakh for renovation.

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.
9.08% - 10.35%As per Bank’s guidelinesUp to 30 years for purchase or construction of house.

Up to 7 years for renovation/extension/repair/remodeling.

Up to 120 months for furnishing house.

Up to 60 months for the purchase of housing site.
Personal LoanThe age of the applicant should be between 21 years and above.

The applicant should be resident of India.


The minimum net monthly salary should not be less than ₹ 10,000 per month for the salaried Individual
For the self- employed businessmen or professionals the minimum annual net income should be ₹ 1.2 lakh.
Up to 24 times of the net monthly salary for the salaried individuals or 2 times of the average annual income for others.

Minimum of ₹ 1 lakh up to maximum of ₹ 25 lakh
13.49%As per Bank’s guidelinesUp to five years
Car LoanEligible Segments - Individuals, professionals, reputed firms and companies, and Non- Resident Indians.

The age of the applicant should be 21 years and above.

Any individual filing the income tax returns can apply.

Agriculturist who own the agricultural properties.
85% of the road price including all taxes or maximum of ₹ 75 lakh for new vehicle.


Maximum amount up to ₹ 20 lakh for the used vehicle.
7.50% OnwardsAs per Bank’s guidelinesFor new vehicles - 84 months.


For used vehicles- 34 months
Loan Against PropertyEligible Segments - Individuals, professionals, reputed firms and companies, closely held public limited company, Non- Resident Indians.

Should be of age between 21 years and above.

For Indian residents:
Minimum monthly income is ₹10,000 for salaried individuals and annual gross income for others is ₹ 1.20 lakh.
For NRI:
Minimum monthly income for salaried individual is ₹ 1 lakh and annual gross income for others is ₹ 12 lakh.
36 times of the take home salary for salaried individual or 3 times of the average annual income of last 2 years or 50% of the market value of the property.

Minimum amount of ₹3 lakh to maximum up to ₹ 50 crore.
12.20%- 13.20% p.a.As per Bank’s guidelinesUp to 120 months
Education LoanStudents are applicable.


Any minor or major student represented by Parents/ guardians of Indian nationality.

Any students securing admission to a professional/ technical/ other courses in Indian or foreign institution.
Up to ₹ 10 lakh for study in India.

Up to ₹ 20 lakh for study in abroad.
10.60%- 13.95% p.a.As per Bank’s guidelines.Moratorium: course period + 1 year 0r 6 months after getting the job.


From 5 to 7 years from the commencement of the moratorium period.
Business LoanAll micro, small, and medium enterprises.

Any enterprises engaged in manufacturing/ processing/ packaging/ preservation of goods and providing or rendering of services.

Any enterprise conforming to the norms of MSMED Act,2006 and is established according to the definition of MSME.
Up to ₹ 5 crore.

For purchase of vehicle- Up to ₹ 1 crore
10.20% - 13.95%As per Bank’s guidelines.Working capital Up to 34 months.


Term loan up to 60/ 84 months
Fixed DepositIndividual
Joint (max. 4 people)
A guardian on behalf of a minor
HUF
Partnership Firm
A company
Association or any other Institution
Minimum - ₹ 1,000
Maximum - No predetermined limit
3.50% - 6.20%15 days - 10 years

7 days - 14 days only on single deposit of ₹ 5 lakhs & above

Documents Required

The documents required for the different products by Karnataka bank New Delhi are mentioned in the table below:

ProductsDocuments Required
Home LoanLoan 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)
Personal LoanLoan Application with passport size photographs
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Latest 3 months Salary Certificate and Form No.16 ( for the salaried individual) ITR/ITAO along with computation of income, B/S, P&L account with all scheduled certificate by the CA for last 2 years ( For the self- employed)
Bank statement: For salaried individuals: Last 3 months bank statement (where salary is credited) For the self- employed: latest 6 months bank statement/ passbook (current account)
For the self- employed: Proof of Qualification, Proof of continuity of business or profession.
Car Loan1 passport size photograph
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible and self attested)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Proof of Income: Latest 2 months salary slip with form 16 Audited balance sheet, and the latest 2 years IT returns of the company/ Latest ITR, bank statement reflecting salary credits for last 4 months.
Bank Statement: Income statement, balance sheet and ITR for last 2 years ( for self- employed), Last 6 months bank statement (for salaried individual)
Business Proof: CST Certificate/ Labour act, Shop establishment act/ssi certificate, Proof of ownership of entity, Rental deed/ Utility deed in the name of the company.
Loan Against PropertyDuly filled Loan Application with passport size photographs - 2 copies each
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.
Income proof: Last 3 month salary slip or salary certificate and ITR/ Form-16/ Appointment letter ( for the salaried individual)
Last 2 years income tax returns and complete business profile and acknowledgement. Last 2 years financial with full schedules and audits by the certified CA.
Bank Statement- Last 6 months bank statement, Last 3 years Profit/ loss and Balance sheet ( for self- employed professionals)
Processing Fee cheque
Property related documents: All the title related documents of the property that you wish to mortgage for loan.
Education loanDuly filled application with recent photographs.
Proof of residence – Passport/ Utility bill/ Allotment letter.
Date of Birth proof
Certificate of Domicile
Fee particulars from school/ college
Scholarship proof
Study Certificate
Business loanI.T.R. - 2 Years, Balance Sheet and Profit & Loss Account
Proof of ownership of Residential or Commercial Property (including Parental Property) in select locations
Latest 6 months Bank statement of Business.
Proof of Identity
Proof of Residence
Fixed Deposit2 Photographs of Depositor/s
Identity Proof and Address Proof
Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc.

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