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