3 Crore Karnataka Bank Home Loan

The Karnataka Bank 3 crore home loan offers a substantial credit option for aspiring homeowners. This loan caters to high-value properties, making it ideal for those looking to invest in luxurious residences. Borrowers can enjoy competitive interest rates and flexible repayment tenures, making it more affordable and accessible. The bank further provides various EMI options, allowing borrowers to choose a plan that fits their budget. For more detailed information, continue to read down. This blog covers the expected 3 crore home loan EMI in Karnataka Bank, eligibility criteria, required documents, interest rates, and other associated fees.

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Written By
Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

3 Crore Home Loan Karnataka Bank – Highlights

The Karnataka Bank home loan interest rate for 3 crore and other key features are as follows:

Interest Rates 8.60% per annum onwards
Loan Amount 75 – 90% of the property price
Loan Tenure Up to 30 years
Eligibility Applicable to both salaried and self-employed individuals

3 Crore Home Loan EMI for 5 Years Karnataka Bank

Following are the 3 crore home loan EMI in Karnataka Bank with a tenure of 5 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
3 Crore 8.60% p.a. 5 years ₹6,16,943 ₹70,16,580 ₹3,70,16,580

3 Crore Home Loan EMI for 10 Years Karnataka Bank

Following are the 3 crore home loan EMI for 10 years from Karnataka Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
3 Crore 8.60% p.a. 10 years ₹3,73,563 ₹1,48,27,560 ₹4,48,27,560

3 Crore Home Loan EMI for 15 Years Karnataka Bank

Following are the Karnataka Bank home loan 3 crore EMI amount with a tenure of 15 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
3 Crore 8.60% p.a. 15 years ₹2,97,183 ₹2,34,92,940 ₹5,34,92,940

3 Crore Home Loan EMI for 20 Years Karnataka Bank

Following are the 3 crore home loan EMI for 20 years from Karnataka Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
3 Crore 8.60% p.a. 20 years ₹2,62,249 ₹3,29,39,760 ₹6,29,39,760

3 Crore Home Loan EMI for 25 Years Karnataka Bank

Following are the 3 crore home loan EMI in Karnataka Bank with a tenure of 25 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
3 Crore 8.60% p.a. 25 years ₹2,43,593 ₹4,30,77,900 ₹7,30,77,900

3 Crore Karnataka Bank Home Loan – Fees and Charges

Following are the fees and charges apart from the Karnataka Bank home loan interest rate of 3 crore:

Fee/Charge Amount
Processing Fee 0.50% of the loan amount
Prepayment Charges 2% of the outstanding balance
Late Payment Charges Applicable
Stamp Duty & Other Statutory Charges At actuals

3 Crore Karnataka Bank Home Loan – Documents Required

Following are the required documents for the Karnataka Bank 3 crore home loan:

  • Mandatory Documents: PAN card, customer ID or debit card number.
  • Identity Documents: Aadhar card, election ID card, driving license, or passport.
  • Residential Documents: Utility bill, rental agreement, aadhar card, or ration card.
  • Income Documents: Soft copy of salary/business account statement for last 12 months.

3 Crore Karnataka Bank Home Loan – Eligibility Criteria

Following are the applicable 3 crore home loan eligibility in Karnataka Bank:

  • Age Limit: The applicant should be between 18 and 60 years old.
  • Employment Criteria: The applicant should be either a salaried or self-employed individual.
  • Income Stability: The applicant should have a sufficient income to cover the loan repayment.
  • Credit Score: The applicant should have a good repayment history and a strong credit score, preferably 700 or above.
  • Nationality: The applicant should be a residential or non-residential Indian.

Frequently Asked Questions

What is the EMI for a 3 crore home loan for 20 years in Karnataka Bank?

The expected EMI for a 3 crore home loan for over 20 years at Karnataka Bank is ₹2,62,249. It is subject to an annual interest rate of 8.60%.

Who is eligible for a 3 crore home loan in Karnataka Bank?

A 3 crore home loan from the Karnataka Bank is available to salaried and self-employed individuals.

What is the monthly interest rate of a 3 crore home loan in Karnataka Bank?

The monthly interest rate for a 3 crore home loan in Karnataka Bank is expected to start at approximately 0.72%.

Loan Offers By Karnataka Bank's

Urban Money