80 Lakh Home Loan Karnataka Bank

With competitive interest rates ranging between 8.60% and 10.62% per annum, the Karnataka Bank 80 lakh home loan is an attractive option for individuals looking to craft their dream home but in need of urgent funds. The loan tenure of up to 30 years plays a major role in budget-friendly EMIs, making expenses manageable. The applicant can also leverage the tax benefits associated with this loan scheme and avail of a loan of up to 7.5 crores, ensuring enough funds are available for home purchases, construction, renovations, and repairs. Continue scrolling through and learn more about the eligibility and the EMI over a tenure of 10 and 20 years for the Karnataka Bank 80 lakh home loan.

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Table of Content

1. 80 Lakh Karnataka Bank Home Loan Highlights

2. 80 Lakh Karnataka Bank Home Loan EMI For 5 Years

3. 80 Lakh Karnataka Bank Home Loan EMI For 10 Years

4. 80 Lakh Karnataka Bank Home Loan EMI For 15 Years

5. 80 Lakh Karnataka Bank Home Loan EMI For 20 Years

6. 80 Lakh Karnataka Bank Home Loan EMI For 25 Years

7. 80 Lakh Karnataka Bank Home Loan Fees & Charges

8. 80 Lakh Karnataka Bank Home Loan Documents Required

9. 80 Lakh Karnataka Bank Home Loan Eligibility Criteria

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

Reviewed By

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.

80 Lakh Karnataka Bank Home Loan – Highlights

Take a look at the table below to understand the 80 lakh Karnataka Bank home loan highlights:

Feature	Details
Loan Amount	Up to 7.5 Crore
Interest Rate	Ranges between 8.60% and 10.62% per annum
Processing Fees	Up to 0.25% of the loan amount
Customer Assistance	24×7 help desk available
Loan Tenure	Up to 30 years
Eligibility	For various employment types and residents, including NRIs
Additional Benefits	Tax Benefits

80 Lakh Karnataka Bank Home Loan EMI For 5 Years

Let us calculate the EMI over a tenure of 5 years on the 80 lakh Karnataka Bank home loan:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹80 lakhs	8.60% p.a.	5 years	₹1,64,518	₹18,71,085	₹98,71,085

80 Lakh Karnataka Bank Home Loan EMI For 10 Years

The EMI on the 80 lakh Karnataka Bank home loan over a tenure of 10 years is mentioned in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹80 lakhs	8.60% p.a.	10 years	₹99,617	₹39,54,031	₹1,19,54,031

80 Lakh Karnataka Bank Home Loan EMI For 15 Years

Refer to the table below to calculate the EMI on the 80 lakh Karnataka Bank home loan if availed for a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹80 lakhs	8.60% p.a.	15 years	₹79,249	₹62,64,785	₹1,42,64,785

80 Lakh Karnataka Bank Home Loan EMI For 20 Years

The EMI over a tenure of 20 years on the 80 lakhs Karnataka Bank home loan is given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹80 lakhs	8.60% p.a.	20 years	₹69,933	₹87,83,925	₹1,67,83,925

80 Lakh Karnataka Bank Home Loan EMI For 25 Years

Over a tenure of 25 years, the EMI on the 80 lakh Karnataka Bank home loan is mentioned below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹80 lakhs	8.60% p.a.	25 years	₹64,958	₹1,14,87,451	₹1,94,87,451

80 Lakh Karnataka Bank Home Loan – Fees & Charges

The charges associated with the 80 lakh Karnataka Bank home loan are given in the table below:

Processing Fee

Up to 0.50% of the loan amount

CIBIL/CRIF Charges

₹100 per consumer report

EMI Bounce Charges

Rs. 500 per instance

80 Lakh Karnataka Bank Home Loan – Documents Required

Ensure you have the mandatory documents available if you wish to avail of an 80 lakh Karnataka Bank home loan:

PAN Card
Customer ID or the number of the debit card
Photocopy of KYC Documents
For Salaried Individuals – Bank account statement of last 12 months
For Non-Salaried Individuals – Scanned copy of last 12 months’ bank account statement

80 Lakh Karnataka Bank Home Loan – Eligibility Criteria

Refer to the points given below to ensure you meet the eligibility criteria for the 80 lakhs Karnataka Bank home loan:

Age – Between 18 and 60 years
Minimum Monthly Income of Salaried Individuals – Rs 10,000
Minimum Annual Income of Self-Employed Individuals – Rs 1,20,000
Minimum Monthly Income For NRI Salaried Individual – Rs 40,000
Minimum Gross Income For NRI Self-Employed Individual – Rs 4,80,000

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Frequently Asked Questions

What is the EMI for a Rs 80 lakh Karnataka Bank home loan over a tenure of 20 years?

The interest rates of the Karnataka Bank home loan range between 8.60% and 10.62% per annum. If you avail of the 80 lakh home loan at an interest rate of 8.60% per annum over a tenure of 20 years, the EMI will be ₹69,933.

What is the monthly interest rate of a Rs 80 lakh Karnataka Bank home loan?

The interest rate of the Karnataka Bank home loan ranges between 8.60% and 10.62% per annum, which is approximately 0.72% to 0.89% monthly.