1 Crore Home Loan Karnataka Bank

If you want luxury, Karnataka Bank is here to support your dream of grandeur with the Karnataka Bank 1 crore home loan. This substantial loan lets you purchase or construct a luxurious home, ensuring you live comfortably and in style. With competitive interest rates and flexible repayment options, Karnataka Bank makes it easier to turn your dream home into reality. Whether you plan to buy a high-end property or construct a bespoke residence, the 1 crore home loan from Karnataka Bank is to meet your financial needs.

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Table of Content

1. 1 Crore Home Loan Karnataka Bank Highlights

2. 1 Crore Home Loan EMI for 5 Years Karnataka Bank

3. 1 Crore Home Loan EMI for 10 Years Karnataka Bank

4. 1 Crore Home Loan EMI for 15 Years Karnataka Bank

5. 1 Crore Home Loan EMI for 20 Years Karnataka Bank

6. 1 Crore Home Loan EMI for 25 Years Karnataka Bank

7. 1 Crore Karnataka Bank Home Loan Fees and Charges

8. 1 Crore Karnataka Bank Home Loan Documents Required

9. 1 Crore Karnataka Bank Home Loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

1 Crore Home Loan Karnataka Bank – Highlights

Key features of the Karnataka Bank 1 crore home loan are given below:

Feature	Details
Loan Amount	Up to ₹1 Crore
Interest Rate	9.93% to 12% p.a.
Loan Tenure	Up to 30 years

1 Crore Home Loan EMI for 5 Years Karnataka Bank

For a 1 crore home loan from Karnataka Bank, knowing the EMI helps you budget your monthly expenses. The table below shows the EMI calculation for a 5-year tenure at an interest rate of 9.93%:

Tenure	EMI Payable	Total Amount Payable
5 years	₹2,10,830	₹1,26,49,800

1 Crore Home Loan EMI for 10 Years Karnataka Bank

A 10-year tenure provides a balanced approach to repaying a significant loan amount. Here is the EMI calculation for a 1 Crore Home Loan from Karnataka Bank at a 9.93% interest rate over 10 years:

Tenure	EMI Payable	Total Amount Payable
10 years	₹1,34,860	₹1,61,83,200

1 Crore Home Loan EMI for 15 Years Karnataka Bank

Choosing a 15-year tenure can make the EMI more manageable. Below is the EMI calculation for a 1 crore home loan from Karnataka Bank with a 9.93% interest rate over 15 years:

Tenure	EMI Payable	Total Amount Payable
15 years	₹1,05,240	₹1,89,43,200

1 Crore Home Loan EMI for 20 Years Karnataka Bank

For those who prefer a longer tenure, the 20-year EMI calculation for a 1 crore home loan from Karnataka Bank at a 9.93% interest rate is provided below:

Tenure	EMI Payable	Total Amount Payable
20 years	₹92,220	₹2,21,32,800

1 Crore Home Loan EMI for 25 Years Karnataka Bank

A 25-year tenure offers the longest loan repayment period, lowering the EMIs. The EMI calculation for a 1 crore home loan from Karnataka Bank at a 9.93% interest rate over 25 years is shown below:

Tenure	EMI Payable	Total Amount Payable
25 years	₹85,780	₹2,57,34,000

1 Crore Karnataka Bank Home Loan – Fees and Charges

Fees and charges associated with the Karnataka Bank 1 crore home loan are below:

Fee/Charge	Details
Processing Fee	● For loan amounts up to ₹1 lakh: ₹2,500 ● For loan amounts over ₹2 lakhs: 2% of the loan amount (min ₹2,500, max ₹8,500)
Part-Prepayment Charges	Nil

1 Crore Karnataka Bank Home Loan – Documents Required

The required documents for the Karnataka Bank 1 crore home loan application are listed below:

Proof of identity (Aadhaar, PAN, Passport)
Proof of address (Utility bill, Aadhaar, Passport)
Income proof (Salary slips, IT returns, Bank statements)
Property documents (Sale deed, Title deed)
Passport-size photographs

1 Crore Karnataka Bank Home Loan – Eligibility Criteria

Here are the eligibility requirements described by Karnataka Bank 1 crore home loan:

Must be an Indian resident.
The applicant must be at least 18 years old at the time of application.
NRIs with a valid Indian passport can also apply.
Salaried individuals must earn a minimum monthly salary of ₹10,000.
Businessmen and self-employed individuals should have an annual income of at least ₹1,20,000.

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Frequently Asked Questions

What is the EMI for a 1 crore home loan for 20 years at Karnataka Bank?

The EMI for a 1 crore home loan for 20 years at Karnataka Bank is approximately ₹92,220 at an interest rate of 9.93%.

Who is eligible for a 1 crore home loan at Karnataka Bank?

Eligibility includes salaried and self-employed individuals with a stable income, a good credit score, and ages between 21 and 65.

What is the monthly interest rate of a 1 crore home loan at Karnataka Bank?

The monthly interest rate for a 1 crore home loan at Karnataka Bank ranges from 0.8275% to 1% monthly.