85 Lakh Karnataka Bank Home Loan

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The Karnataka Bank 85 lakh home loan allows individuals to own a luxurious home in a prime location. Whether you are a salaried employee or self-employed, the bank ensures an affordable and stress-free journey to homeownership. Borrowers can further use the loan amount to construct, purchase, or renovate a home, catering to a wide range of customers and their needs. Hence, Urban Money offers a comprehensive overview of this loan, which includes the Karnataka Bank home loan interest rate of 85 lakh, eligibility criteria, required documents, and associated fees, enabling you to make a more informed decision. We also detailed the expected 85 lakh home loan EMI in Karnataka Bank with varying tenures, from 5 to 25 years. This ultimately helps determine whether you can manage a big financial commitment. Keep scrolling down to learn more.

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Table of Content

1. 85 Lakh Home Loan Karnataka Bank Highlights

2. 85 Lakh Home Loan EMI for 5 Years Karnataka Bank

3. 85 Lakh Home Loan EMI for 10 Years Karnataka Bank

4. 85 Lakh Home Loan EMI for 15 Years Karnataka Bank

5. 85 Lakh Home Loan EMI for 20 Years Karnataka Bank

6. 85 Lakh Home Loan EMI for 25 Years Karnataka Bank

7. 85 Lakh Karnataka Bank Home Loan Fees and Charges

8. 85 Lakh Karnataka Bank Home Loan Documents Required

9. 85 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.

85 Lakh Home Loan Karnataka Bank – Highlights

Let’s examine the key features of the Karnataka Bank 85 lakh home loan:

Interest Rates	8.60% to 10.62% p.a.
Loan Amount	75 – 90% of the property value
Loan Tenure	30 years or up to 60 years of age, whichever comes earlier
Eligibility	Both salaried and self-employed individuals

85 Lakh Home Loan EMI for 5 Years Karnataka Bank

Let’s examine the 85 lakh 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
85 Lakh	8.60% p.a.	5 years	₹1,74,800	₹19,88,000	₹1,04,88,000

85 Lakh Home Loan EMI for 10 Years Karnataka Bank

Let’s examine the 85 lakh home loan EMI for 10 years from the Karnataka Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
85 Lakh	8.60% p.a.	10 years	₹1,05,843	₹42,01,160	₹1,27,01,160

85 Lakh Home Loan EMI for 15 Years Karnataka Bank

Let’s examine the Karnataka Bank home loan 85 lakh EMI amount with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
85 Lakh	8.60% p.a.	15 years	₹84,202	₹66,56,360	₹1,51,56,360

85 Lakh Home Loan EMI for 20 Years Karnataka Bank

Let’s examine the 85 lakh home loan EMI for 20 years from the Karnataka Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
85 Lakh	8.60% p.a.	20 years	₹74,304	₹93,32,960	₹1,78,32,960

85 Lakh Home Loan EMI for 25 Years Karnataka Bank

Let’s examine the 85 lakh 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
85 Lakh	8.60% p.a.	25 years	₹69,018	₹1,22,05,400	₹2,07,05,400

85 Lakh Karnataka Bank Home Loan – Fees and Charges

The applicable fees and charges, in addition to the Karnataka Bank home loan interest rate of 85 lakhs, are given below:

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

85 Lakh Karnataka Bank Home Loan – Documents Required

The required documents for the Karnataka Bank 85 lakh home loan are given below:

Mandatory Documents	PAN card, customer ID or debit card number
KYC Documents	Aadhar card, election ID, driving license, passport, or ration card
Income Proof	Salary/business account statement for the last 12 months

85 Lakh Karnataka Bank Home Loan – Eligibility Criteria

The applicable 85 lakh home loan eligibility in Karnataka Bank is mentioned below:

Age	18 – 60 years old
Employment	Salaried or self-employed individuals
Credit Score	Preferably 700 or higher
Nationality	Residential or non-residential Indians

Frequently Asked Questions

What is the EMI for an 85 lakh home loan for 20 years in Karnataka Bank?

The estimated EMI for an 85 lakh home loan over 20 years at Karnataka Bank, with an annual interest rate of 8.60%, is ₹74,304.

Who is eligible for an 85 lakh home loan in Karnataka Bank?

Both salaried and self-employed individuals are eligible for an 85 lakh home loan at Karnataka Bank.

What is the monthly interest rate of an 85 lakh home loan in Karnataka Bank?

The monthly interest rate for an 85 lakh home loan in Karnataka Bank starts at 0.72%.

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