30 Lakh Karnataka Bank Home Loan

Karnataka Bank offers competitive home loans to make your dream of homeownership a reality. Their rates start at 8.60% per annum, with flexible repayment options for up to 30 years and minimal processing fees. Plus, there are no prepayment charges, making it an affordable and convenient option for aspiring homeowners across India.

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Table of Content

1. 30 Lakh Home Loan Karnataka Bank Highlights

2. 30 Lakh Home Loan EMI For 5 Years Karnataka Bank

3. 30 Lakh Home Loan EMI For 10 Years Karnataka Bank

4. 30 Lakh Home Loan EMI For 15 Years Karnataka Bank

5. 30 Lakh Home Loan EMI For 20 Years Karnataka Bank

6. 30 Lakh Home Loan EMI For 25 Years Karnataka Bank

7. 30 Lakh Karnataka Bank Home Loan Fees And Charges

8. 30 Lakh Karnataka Bank Home Loan Documents Required

9. 30 Lakh Karnataka Bank Home Loan Eligibility Criteria

Written By

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

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.

30 Lakh Home Loan Karnataka Bank – Highlights

Highlights of a ₹30 lakh home loan from Karnataka Bank:

Interest Rate	8.60% p.a.
Tenure	Up to 30 years
Processing Fee	Low

30 Lakh Home Loan EMI For 5 Years Karnataka Bank

Section	Details
Total Amount Paid	₹30,00,000
Monthly EMI	₹58,667
Number of EMIs	60
Total Amount of Interest	₹7,19,990
Interest Rate	8.60%

30 Lakh Home Loan EMI For 10 Years Karnataka Bank

Section	Details
Total Amount Paid	₹30,00,000
Monthly EMI	₹39,158
Number of EMIs	120
Total Amount of Interest	₹16,89,930
Interest Rate	8.60%

30 Lakh Home Loan EMI For 15 Years Karnataka Bank

Section	Details
Total Amount Paid	₹30,00,000
Monthly EMI	₹29,698
Number of EMIs	180
Total Amount of Interest	₹24,54,410
Interest Rate	8.60%

30 Lakh Home Loan EMI For 20 Years Karnataka Bank

Section	Details
Total Amount Paid	₹30,00,000
Monthly EMI	₹26,248
Number of EMIs	240
Total Amount of Interest	₹37,99,520
Interest Rate	8.60%

30 Lakh Home Loan EMI For 25 Years Karnataka Bank

Section	Details
Total Amount Paid	₹30,00,000
Monthly EMI	₹23,059
Number of EMIs	300 (25 years)
Total Amount of Interest	₹49,77,410
Interest Rate	8.60%

30 Lakh Karnataka Bank Home Loan – Fees And Charges

Fees and charges for a ₹30 lakh home loan at Karnataka Bank include processing fees ranging from 0.50% to 2.00% of the loan amount. There are usually no pre-closure or part-payment fees applicable.

30 Lakh Karnataka Bank Home Loan – Documents Required

Documents required for a ₹30 lakh home loan at Karnataka Bank include KYC documents (PAN card, Aadhaar card, Passport), income proof (salary slips, income tax returns), property documents (details of the property being financed), and bank statements.

30 Lakh Karnataka Bank Home Loan – Eligibility Criteria

Eligibility criteria for a ₹30 lakh home loan at Karnataka Bank include Indian residency, minimum age of 18 years, regular income for salaried individuals with a monthly salary of ₹10,000, and for self-employed individuals, an annual income of ₹1,20,000.

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Frequently Asked Questions (FAQs)

What is the 30 lakh Home Loan EMI for 20 years in Karnataka Bank?

For a ₹30 lakh home loan at Karnataka Bank for 20 years at 8.60% interest, the estimated EMI is approximately ₹26,248.

Who is eligible for a 30 lakh Home loan in Karnataka Bank?

Eligibility criteria include being an Indian resident with a regular income (salaried or self-employed) and meeting Karnataka Bank’s income and credit requirements.

What is the monthly interest rate of a 30 lakh home loan in Karnataka Bank?

The monthly interest rate for a ₹30 lakh home loan at Karnataka Bank, based on an annual rate of 8.60%, is approximately 0.718%.