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Karnataka Bank Home Loan Interest Rate and EMI Calculator Jan 2019

(Updated on 12.01.2019)  Karnataka Bank Home Loan Jan 2019 – Get Instant Quick & Easy Approval on karnataka Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan ✓Processing Fee✓Eligibility✓Best Offers & more.

Karnataka Bank Home Loan – Get Instant Quotes Online

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Karnataka Bank Home Loan

Karnataka Bank has the perfect Home Loan with special features, unmatched service levels and flexible repayment options for borrowers to construct or purchase house / flat, to renovate / remodel / repair of existing house / flat. Karnataka Bank has varied and unmatched home loan products to cater to the various home loan requirements of every customer. Check your home loan eligibility with Karnataka bank home loan eligibility calculator and choose the perfect home loan which suits you..

Karnataka Bank also provides Karnataka bank Personal Loan to customers to meet their genuine personal expenses at time of financial emergencies.

Karnataka Bank Home Loan Interest Rate

Interest Rate Up to 75 lakhs : 8.80% p.a.

Above 75 lakhs & up to Rs.300.00 : 9.20% p.a.

Processing fee range 0.25% with a minimum of Rs 250
Loan Amount up to 5 crores
Tenure 7 years to 30 years

Karnataka Bank Home Loan EMI Calculator

Karnataka Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Karnataka Bank Home Loan Schemes

1) KBL APNA GHAR/ELITE

  • Loan for Resident Indians and NRIs

  • Loan can be availed Construction / purchase of house / flat and Renovation / remodelling / repair to existing house / flat.

  • Loan amount of min. Rs. 30 lakhs to a max.of Rs. 500 Lakhs.

  • Loan repayment tenor is up to 30 years.

  • Mortgage of house property to be constructed / purchased / repaired / remodeled / renovated will be taken as security.

  • Loan Margin from 15% to 30%.

2) KBL HOME COMFORT (Finance for furnishing house)

  • Loan for those who have already availed loan under KBL-Apna Ghar/Elite scheme.

  • And for those who have not availed any loan from any Financial Institutions for their Residential property and have closed the housing loan already availed by him/her.

  • Loan margin up to 75% of the estimated cost of assets to be purchased/works to be carried out.

  • Maximum loan amount is Rs. 100 lakhs and maximum loan tenor is 120 months.

  • Loan Margin is 25%.

3) KBL GHAR NIVESHAN (Finance for purchase of house site)

  • Loan for Resident Indians and NRIs.

  • Loan can be availed for purchasing a site for house.

  • Loan amount up to 80% of the Registration value of the site with a maximum of Rs. 50 lakh.

  • Loan tenor is of 60 months.

  • Mortgage of the house site will be taken as security.

Karnataka Bank Home Loan Eligibility

  • Individuals who are resident of India, NRIs holding an Indian passport.

  • Min. Age 21 years or above.

  • Salaried Persons :Minimum monthly salary of Rs.10,000/.

  • Agriculturist : Minimum Annual net income Rs.1,20,000/.

  • Business Men/Professionals/Self Employed: Minimum Annual gross income Rs.1,20,000/.-interest-rate-eligibility-emi-calculator

Karnataka Bank Home Loan Eligibility for NRI’s

  • Salaried Person: Minimum gross monthly salary Rs. 40,000/.

  • Business Men/Professionals/Self Employed: Minimum Annual gross income of Rs.4,80,000/.

Karnataka Bank Home Loan Documents Required

  • Duly filled in Application Form with 3 passport size photograph.

  • Applicant(s), Co-applicant(s) and Guarantor(s) assets & liabilities statement.

  • Proof of Identity: PAN card/Voter’s ID/Passport/Driving License.

  • Proof of Residence: Recent Telephone Bill/Electricity Bill/Property Tax Receipt/ Passport/Voter’s ID.

  • Proof of Business Address for Businessmen & Industrialists.

  • Proof of Employment for salaried class.

  • Proof of other income like rent, interest on investment, if any.

  • 3 years Bank Account statements.

  • Form16/Income Tax / Wealth Tax (if applicable) Returns for the past 3 years.

  • Other documents are also need to be submitted as per Bank’s requirements.

Karnataka Bank Home Loan PrepaymentsMinimum pre-payment charges applicable

Karnataka Bank Housing Loan Interest Rates

Schemes Rates of Interest

1) KBL –Apna Ghar/Elite: (Finance for purchase/renovate house)

Up to Rs.300.00 lakh 9.20%
Above Rs 300 lakh and up to Rs. 500 lakh 9.20%

2) KBL-Home Comfort: (Finance for furnishing house)

Up to 60 months 9.75%
Above 60 months 10.15%

3) KBL-Ghar Niveshan: (Finance for purchase of house site)                14.30%

4) KBL Home Top Up: (Finance for meeting personal requirements)  12.30%

Karnataka Bank Home Loan MCLR Rates January 2019

Loan Tenure MCLR (%)
Overnight 8.50
1 month 8.55
3 months 8.70
6 months 8.75
1 year 9.10