2 Crore Karnataka Bank Home Loan

Offering loan amounts up to 7.5 crores, Karnataka Bank ensures that no home aspirant feels any problem availing of funds to purchase or invest in their dream home. Offering competitive and attractive interest rates starting at only 8.60% per annum, the EMIs are easy on the pocket and can be paid over a tenure of 30 years. Additionally, the home loan applicant can avail of tax benefits under various sections of the Income Tax Act. Explore the Karnataka Bank home loan further by studying the key features below.

2 Crore Karnataka Bank Home Loan Highlights

Study the key highlights of the 2 crore Karnataka Bank home loan by referring to the table below:

2 Crore Karnataka Bank Home Loan EMI For 5 Years

Considering the minimum interest rate of 8.60% per annum, the EMI on a 2 crore Karnataka Bank home loan over a tenure of 5 years is mentioned in the table below:

2 Crore Karnataka Bank Home Loan EMI For 10 Years

Refer to the table below to check the EMI on a 2 crore Karnataka Bank home loan at an interest rate of 8.60% per annum over a tenure of 10 years:

2 Crore Karnataka Bank Home Loan EMI For 15 Years

Check the EMI on the 2 crore Karnataka Bank home loan over a tenure of 15 years:

2 Crore Karnataka Bank Home Loan EMI For 20 Years

Check the table below for the EMI details on a 2 crore home loan from Karnataka Bank, with an annual interest rate of 8.60% over a 20-year term:

2 Crore Karnataka Bank Home Loan EMI For 25 Years

The EMI on a 2 crore Karnataka Bank home loan for a tenure of 25 years is calculated below:

2 Crore Karnataka Bank Home Loan – Fees & Charges

Refer to the points below to check the applicable fees and charges on the 2 crore Karnataka Bank home loan:

• The processing fee is up to 0.50% of the loan amount the applicant avails.
• The CIBIL/CRIF charges are Rs 100 per consumer report
• The EMI bounce charges are Rs 500 for every instance

2 Crore Karnataka Bank Home Loan – Documents Required

For KYC documents, individuals can provide any of the following: Aadhar Card, PAN Card, Driving License, or Voter ID Card, among others. Additionally, customers should include their Customer ID or Debit Card Number. Salaried individuals are required to submit their bank account statements for the last 12 months. Similarly, non-salaried individuals must provide a copy of their bank account statement for the same period.

2 Crore Karnataka Bank Home Loan Eligibility Criteria

To be eligible for the 2 crore Karnataka Bank home loan, individuals must meet the following criteria:

• Eligible Age: 18 to 60 years

• Salaried Individuals:
• Monthly Income: At least Rs 10,000

• Self-Employed Individuals:
• Annual Income: At least Rs. 1,20,000

• NRI Salaried Individuals:
• Monthly Income: At least Rs 40,000

• NRI Self-Employed Individuals:
• Gross Annual Income: Rs 4,80,000