Karnataka Bank Home Loan
A home is more than just a living space; it is where you create memories with your loved ones. Some of us buy just one house in our lifetime, and so it has to be special. This is why Karnataka Bank offers easy and affordable home loans to help you build and own a dream house. Karnataka Bank home loan interest rates start at 8.40% per annum, and the loan tenure is typically long-term, extending up to 30 years. The home loan processing fee generally varies between 0.50% and 2.00%.
The table below provides a better understanding of the essential details of home loans offered by the bank.
Karnataka Bank Home Loan EMI Calculator
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Karnataka Bank Home Loan Key Highlights
Get the lowest interest rates with Karnataka Bank Home Loan
| Loan Amount | Up to Rs. 7.5 crore |
|---|---|
| Rate of Interest | 8.40% per annum onwards |
| RPLR | |
| Processing Fee |
0.50% - 2.00% |
| Maximum Tenure for Repayment | Up to a max of 30 years |
| Penal Rate of Interest | |
| Rate Packages | Floating and fixed |
| Charges for Prepayment/Foreclosure | None |
Karnataka Bank Home Loan Interest Rates in 2025
Karnataka Bank offers home loans at affordable interest rates starting at 8.40% per annum. This helps borrowers maximize savings and turn their homeownership dream into a reality. The table below shares the Karnataka Bank home loan interest rates for different home plans offered by the bank to help you make an informed decision:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| KBL Xpress Home Loan | 8.40% - 10.86% p.a. |
| KBL Xpress Home Comfort Loan | 9.50% - 11.23% p.a. |
| KBL Xpress Ghar Niveshan Loan | 9.58% - 11.73% p.a. |
Interest rates were last updated on 23rd July 2025
Karnataka Bank Home Loan Eligibility Criteria
Before applying for a home loan with Karnataka Bank, you need to make sure that you meet all the defined requirements for the loan application process. For your better understanding and convenience, listed below are the Karnataka Bank home loan eligibility criteria for applicants:
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| Age Range (in years) | 18 years | 18 years |
| Nationality | Resident Indian, NRIs holding an Indian passport | Resident Indian, NRIs holding an Indian passport |
| Minimum Income Earned | Minimum Rs. 10,000 | Minimum Rs. 120,000 |
Karnataka Bank Home Loan Processing Fee and Charges
To cover the administrative costs and other expenses associated with the home loan application process, Karnataka Bank charges a nominal processing fee for its home loans. The Karnataka Bank home loan processing fee is up to 2% of the loan amount.
| Processing Fee | 0.50% - 2.00% |
|---|---|
| Charges for CIBIL/CRIF | Rs. 100 per customer report |
| EMI Bounce Charges | Rs. 500 per instance in case of delayed EMI more than Rs. 10,000/- (if not paid within 30 days from the EMI due date) |
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Karnataka Bank Home Finance Schemes and Top Plans
Karnataka Bank offers a wide range of flexible home plans to suit different budgets and needs. Some of the top home loan schemes that the bank provides to its customers are as follows:
KBL XPress Home Loan
- For buying a new house
- Fast approvals and instant loan processing
- Tailored loans for both Indians and NRIs
KBL Xpress Home Comfort Loan
- The loan amount is offered to help transform home interiors
- Can be used for home decor, home renovations, and home furnishings
- Up to Rs. 1 crore offered
KBL Xpress Ghar Niveshan Loan
- To finance the purchase of a residential plot or site to construct your own home
- Up to Rs. 1.5 crore available to buy plots easily
- Loan tenure up to 120 months
Note: All of the above home loan plans are made available to applicants solely at the discretion of Karnataka Bank Home Loan, taking into consideration the earning and repayment capacity of the applicant.
Get Home Loan Starting at 8.5%*
Find Karnataka Bank Home Loan Offices Near You
While you may be tempted to visit a physical branch of Karnataka Bank to initiate the home loan application process, doing so online can save you considerable time and effort.
BASIC Home Loan helps several customers daily successfully initiate their home loan applications with Karnataka Bank as per their home financing needs.
For the latest updates on home loans, eligibility criteria, rate of interest, and documentation, please visit the official website of Karnataka Bank.
FAQs
Some of the quick ways to repay the loan amount are:
- Increase the amount of EMI payable
- Consider prepayments
- Make part payments whenever possible
Yes, home loan applicants are eligible for tax benefits under the Income Tax Act, 1961. Under Section 80C of the Act, a deduction of up to Rs. 1.5 lakh per financial year can be availed.
Yes, it is generally possible to request a tenure extension on an existing home loan; however, this may depend on the bank's discretion.
Availing a joint home loan with the bank allows for shared financial responsibility and also offers tax benefits to both parties.
You can easily check the eligibility criteria of the bank for home loan applicants by visiting the official website of Karnataka Bank, visiting one of its physical offices near you, or getting in touch with an executive from BASIC Home Loan.
The bank accepts home loan applications only up to 60 years of age.