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Karnataka Bank Loan Against Property
Karnataka Bank offers personal loans at an interest rate of 13.15% p.a. The minimum loan amount is Rs. 1 lakh and the maximum amount is up to Rs. 5 Cr.Powered By
Karnataka Bank Loan Against Property
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Here are a few factors
| Location | |
| Loan Amount & Tenure | |
| Rate of Interest & Type | |
| Login Fees | |
| CIBIL Score | |
| Foreclosure | |
| Applicant Age | |
| Minimum Business Vintage | |
| Lockin Period | 12 Month |
| Product | |
| LTV |
|
| Part Payment Allowed | |
| Negative Profile | |
| Negative Collateral | |
| FOIR | |
| USP |
Required Documents to Apply for
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
Note : Karnataka Bank Loan Against Property may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About Karnataka Bank Loan Against Property
Whenever it relates to receiving cash to suit your professional and company demands, the Karnataka Bank Loan Against Property credit option is quite advantageous. This financing option can also be utilized for personal usage, property development, home repairs, and home renovations. Additionally, the bank offers this opportunity to non-resident Indians who hold an Indian passport. The NRIs are free to utilize this service in any way they see fit following FEMA's regulations. Many of us think about purchasing or making an investment in real estate so that we might use it in the event of a financial emergency. Such monetary requirements may be covered via a Loan Against Property.
Factors affecting
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Your monthly income: higher your monthly income, the higher will be the loan amount that you can apply for.
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Type of property: if you apply for a loan against property for your residential property, that will have lower interest rates rather than the commercial or industrial properties.
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Your profession: salaried employees have more benefits in terms of Karnataka Bank Loan Against Property, like low-interest rates and longer loan repayment tenures.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
No, Karnataka Bank does not charge for the foreclosure of your loans.
Yes, Karnataka bank allows loan transfers at lower interest rates.
Your spouse or immediate family member can be added as a co-applicant in your LAP.
Karnataka bank can offer up to 50% of the market value of your property.
Karnataka Bank asks for a guarantor for your LAP, which can be your spouse or any of your immediate family members.
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