Product Details
Bank Name
Karnataka Bank
Maximum Loan Tenure
Up to 10 years.
Maximum Loan Amount
Up to 1,50,00,000.
Interest Rate
9.30% to 11.45% per annum.
Type
Floating
Down Payment
20% of the estimated cost.
Fees and Charges
Processing fees- 0.25% of the loan amount.
Pre-payment charges: NIL for floating interest rate.
Late payment charges: 0.2% or Rs 100 whichever is higher.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
KBL Xpress Ghar Niveshan Loan
Special Features
None
Eligibility Criteria
Indian resident
Must be at least 18 years old with a maximum age limit of 60 years.
Salaried person: monthly salary of ₹10,000.
Self-employed: annual income of ₹1,20,000.
Non resident of India (NRI)
Salaried person: monthly salary ₹40,000.
Self-employed: minimum gross income ₹4,80,000.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
Maximum loan amount of up to 1,50,00,000.
Low processing fee.
Cons
Loan tenure of up to 10 years only.
No Home Saver option.
Pros & Cons
Application Procedure
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